Penn Capital Management Company LLC Makes New $6.90 Million Investment in Constellium SE $CSTM

Penn Capital Management Company LLC acquired a new position in Constellium SE (NYSE:CSTM) in the 4th quarter, Holdings Channel reports. The firm acquired 365,194 shares of the industrial products company’s stock, valued at approximately $6,900,000.

Several other institutional investors and hedge funds have also bought and sold shares of CSTM. Farther Finance Advisors LLC lifted its holdings in Constellium by 6,985.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,488 shares of the industrial products company’s stock worth $28,000 after buying an additional 1,467 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Constellium by 578.6% in the third quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock worth $35,000 after buying an additional 2,002 shares during the period. Allworth Financial LP lifted its holdings in Constellium by 52.5% in the fourth quarter. Allworth Financial LP now owns 2,074 shares of the industrial products company’s stock worth $39,000 after buying an additional 714 shares during the period. GAMMA Investing LLC lifted its holdings in Constellium by 29.7% in the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock worth $58,000 after buying an additional 707 shares during the period. Finally, Quarry LP increased its stake in shares of Constellium by 53.7% during the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 1,960 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CSTM. Zacks Research raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. UBS Group began coverage on shares of Constellium in a research note on Tuesday, May 5th. They set a “buy” rating and a $38.00 target price for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $40.00 target price on shares of Constellium in a research note on Thursday, April 30th. BMO Capital Markets set a $32.00 target price on shares of Constellium and gave the company an “outperform” rating in a research note on Thursday, April 9th. Finally, Wells Fargo & Company raised their target price on shares of Constellium from $35.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $36.60.

Constellium Price Performance

Shares of NYSE CSTM opened at $35.24 on Wednesday. Constellium SE has a fifty-two week low of $11.73 and a fifty-two week high of $35.29. The company has a 50 day simple moving average of $29.49 and a two-hundred day simple moving average of $23.86. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 11.40 and a beta of 1.54. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.60 and a current ratio of 1.39.

Constellium (NYSE:CSTM) last announced its earnings results on Wednesday, April 29th. The industrial products company reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.80. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.43 billion. Constellium had a net margin of 4.87% and a return on equity of 46.22%. The business’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share. Analysts expect that Constellium SE will post 3.34 EPS for the current fiscal year.

Constellium announced that its Board of Directors has authorized a stock buyback plan on Thursday, March 12th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the industrial products company to reacquire up to 8.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Constellium

In related news, SVP Nicolas Brun sold 26,661 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $33.85, for a total transaction of $902,474.85. Following the completion of the sale, the senior vice president owned 104,891 shares of the company’s stock, valued at $3,550,560.35. This trade represents a 20.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Stephane Corre sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $33.52, for a total transaction of $167,600.00. Following the sale, the insider directly owned 62,313 shares of the company’s stock, valued at $2,088,731.76. This trade represents a 7.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have purchased 5,490 shares of company stock valued at $167,089 and have sold 371,035 shares valued at $10,772,766. 1.20% of the stock is currently owned by insiders.

Constellium Company Profile

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.