Constellium SE (NYSE:CSTM) Sees Large Decrease in Short Interest

Constellium SE (NYSE:CSTM) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 1,530,000 shares, a decline of 22.7% from the February 13th total of 1,980,000 shares. Based on an average trading volume of 1,360,000 shares, the short-interest ratio is presently 1.1 days. Currently, 1.2% of the shares of the company are short sold.

Constellium Price Performance

Constellium stock traded up $0.14 during mid-day trading on Wednesday, hitting $12.02. The stock had a trading volume of 103,793 shares, compared to its average volume of 1,244,434. The firm has a market capitalization of $1.72 billion, a P/E ratio of 37.49 and a beta of 1.64. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The firm’s 50 day moving average is $10.53 and its 200 day moving average is $12.20. Constellium has a one year low of $9.04 and a one year high of $23.20.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Thursday, February 20th. The industrial products company reported ($0.34) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.47). The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. On average, sell-side analysts forecast that Constellium will post 1.1 earnings per share for the current fiscal year.

Institutional Trading of Constellium

Several hedge funds have recently bought and sold shares of the stock. 111 Capital purchased a new stake in Constellium in the 4th quarter worth $113,000. Jefferies Financial Group Inc. purchased a new stake in Constellium in the 4th quarter worth $2,384,000. Public Employees Retirement System of Ohio raised its position in shares of Constellium by 11.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 246,279 shares of the industrial products company’s stock valued at $2,529,000 after buying an additional 25,580 shares in the last quarter. PharVision Advisers LLC purchased a new stake in shares of Constellium during the 4th quarter valued at about $168,000. Finally, Voloridge Investment Management LLC raised its position in shares of Constellium by 80.8% during the 4th quarter. Voloridge Investment Management LLC now owns 1,529,818 shares of the industrial products company’s stock valued at $15,711,000 after buying an additional 683,876 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.25.

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.