Constellium SE (NYSE:CSTM) Short Interest Up 6.3% in March

Constellium SE (NYSE:CSTM) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 1,850,000 shares, an increase of 6.3% from the March 15th total of 1,740,000 shares. Based on an average trading volume of 695,900 shares, the days-to-cover ratio is currently 2.7 days. Currently, 1.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CSTM. SummerHaven Investment Management LLC raised its stake in Constellium by 1.4% during the fourth quarter. SummerHaven Investment Management LLC now owns 40,926 shares of the industrial products company’s stock valued at $817,000 after purchasing an additional 575 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Constellium by 35.0% during the first quarter. Nomura Asset Management Co. Ltd. now owns 2,700 shares of the industrial products company’s stock worth $41,000 after acquiring an additional 700 shares during the last quarter. Covestor Ltd increased its stake in Constellium by 12.2% during the third quarter. Covestor Ltd now owns 6,564 shares of the industrial products company’s stock worth $119,000 after acquiring an additional 716 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in Constellium by 0.4% during the fourth quarter. The Manufacturers Life Insurance Company now owns 184,945 shares of the industrial products company’s stock valued at $2,188,000 after purchasing an additional 739 shares during the period. Finally, North Run Capital LP lifted its stake in shares of Constellium by 0.8% in the 4th quarter. North Run Capital LP now owns 93,220 shares of the industrial products company’s stock valued at $1,103,000 after purchasing an additional 750 shares during the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Price Performance

NYSE:CSTM traded down $0.22 on Wednesday, reaching $20.76. 422,390 shares of the company’s stock traded hands, compared to its average volume of 694,329. The firm has a market cap of $3.00 billion, a PE ratio of 22.55 and a beta of 1.71. The company has a quick ratio of 0.52, a current ratio of 1.31 and a debt-to-equity ratio of 2.10. The stock has a 50-day simple moving average of $20.34 and a 200-day simple moving average of $18.77. Constellium has a 12 month low of $13.40 and a 12 month high of $23.20.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.23). The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.73 billion. Constellium had a return on equity of 16.86% and a net margin of 1.73%. Equities research analysts forecast that Constellium will post 1.95 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CSTM shares. JPMorgan Chase & Co. upped their price objective on Constellium from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Constellium from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, January 23rd. Finally, UBS Group initiated coverage on Constellium in a research note on Tuesday, January 16th. They set a “buy” rating and a $27.00 price objective on the stock. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $25.60.

About Constellium

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.