Hudson Bay Capital Management LP Has $6.77 Million Stock Holdings in Constellium SE $CSTM

Hudson Bay Capital Management LP increased its position in shares of Constellium SE (NYSE:CSTM) by 109.1% during the 2nd quarter, Holdings Channel reports. The fund owned 509,296 shares of the industrial products company’s stock after buying an additional 265,780 shares during the quarter. Hudson Bay Capital Management LP’s holdings in Constellium were worth $6,774,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CSTM. Tower Research Capital LLC TRC raised its holdings in Constellium by 251.8% in the second quarter. Tower Research Capital LLC TRC now owns 24,620 shares of the industrial products company’s stock worth $327,000 after purchasing an additional 17,621 shares during the period. Corient Private Wealth LLC bought a new stake in shares of Constellium in the 2nd quarter valued at $1,325,000. Voleon Capital Management LP acquired a new stake in Constellium during the 2nd quarter worth $1,261,000. Two Sigma Securities LLC acquired a new stake in Constellium during the 2nd quarter worth $266,000. Finally, Shay Capital LLC lifted its holdings in Constellium by 69.2% during the second quarter. Shay Capital LLC now owns 85,000 shares of the industrial products company’s stock worth $1,130,000 after acquiring an additional 34,770 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Constellium Trading Up 0.5%

NYSE:CSTM opened at $18.43 on Tuesday. The company has a market cap of $2.54 billion, a P/E ratio of 23.33 and a beta of 1.55. Constellium SE has a twelve month low of $7.32 and a twelve month high of $18.75. The business has a 50 day moving average price of $16.22 and a two-hundred day moving average price of $14.83. The company has a quick ratio of 0.54, a current ratio of 1.28 and a debt-to-equity ratio of 2.29.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.25. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The business had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the previous year, the firm posted $0.02 earnings per share. The firm’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, analysts expect that Constellium SE will post 1.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CSTM. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a research report on Monday, December 8th. Wells Fargo & Company increased their target price on Constellium from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 30th. Wall Street Zen upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. JPMorgan Chase & Co. upped their price target on shares of Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Finally, Zacks Research upgraded shares of Constellium from a “strong sell” rating to a “hold” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $18.00.

Constellium Company Profile

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of rolled and extruded aluminum products for the packaging, aerospace, automotive, defense, and other transportation and industry end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.