Brightline Capital Management LLC Has $24.18 Million Stock Position in Constellium SE $CSTM

Brightline Capital Management LLC increased its stake in Constellium SE (NYSE:CSTM) by 62.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,625,000 shares of the industrial products company’s stock after acquiring an additional 625,000 shares during the period. Constellium makes up approximately 9.9% of Brightline Capital Management LLC’s investment portfolio, making the stock its 4th biggest position. Brightline Capital Management LLC’s holdings in Constellium were worth $24,180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Encompass Capital Advisors LLC raised its position in Constellium by 59.7% during the second quarter. Encompass Capital Advisors LLC now owns 5,362,760 shares of the industrial products company’s stock valued at $71,325,000 after purchasing an additional 2,005,216 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Constellium by 39.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,299,064 shares of the industrial products company’s stock worth $49,090,000 after purchasing an additional 938,155 shares during the period. JPMorgan Chase & Co. increased its position in shares of Constellium by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company’s stock valued at $35,825,000 after purchasing an additional 236,264 shares during the last quarter. Soapstone Management L.P. raised its holdings in Constellium by 12.6% during the 2nd quarter. Soapstone Management L.P. now owns 1,776,559 shares of the industrial products company’s stock valued at $23,628,000 after buying an additional 199,360 shares during the period. Finally, Geode Capital Management LLC lifted its position in Constellium by 14.2% in the second quarter. Geode Capital Management LLC now owns 1,730,112 shares of the industrial products company’s stock worth $23,008,000 after buying an additional 214,987 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Constellium Stock Up 0.9%

NYSE:CSTM opened at $25.43 on Wednesday. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 13.18 and a beta of 1.48. Constellium SE has a twelve month low of $7.32 and a twelve month high of $27.41. The company has a current ratio of 1.29, a quick ratio of 0.51 and a debt-to-equity ratio of 1.96. The stock has a fifty day simple moving average of $23.39 and a 200-day simple moving average of $18.64.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.44. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.05 billion. Constellium had a net margin of 3.23% and a return on equity of 32.14%. The business’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.34) earnings per share. Analysts anticipate that Constellium SE will post 1.1 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on CSTM. BMO Capital Markets lifted their price objective on shares of Constellium from $25.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Constellium from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Zacks Research upgraded shares of Constellium from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th. Wells Fargo & Company increased their price objective on shares of Constellium from $25.00 to $29.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Constellium from $26.00 to $29.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Constellium has an average rating of “Buy” and a consensus price target of $29.00.

Insiders Place Their Bets

In other Constellium news, SVP Marcus Becker sold 15,570 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $25.58, for a total value of $398,280.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Stephen Charles Walters sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $25.39, for a total transaction of $38,085.00. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 113,270 shares of company stock worth $2,966,408.

About Constellium

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.