Short Interest in Constellium SE (NYSE:CSTM) Grows By 8.0%

Constellium SE (NYSE:CSTM) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 3,230,000 shares, a growth of 8.0% from the June 30th total of 2,990,000 shares. Based on an average trading volume of 1,190,000 shares, the days-to-cover ratio is presently 2.7 days. Currently, 2.5% of the company’s stock are short sold.

Constellium Stock Performance

Shares of CSTM stock traded down $0.09 during trading hours on Thursday, reaching $17.72. 6,013 shares of the company’s stock were exchanged, compared to its average volume of 944,203. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.33 and a quick ratio of 0.60. The company’s 50 day moving average is $19.62 and its two-hundred day moving average is $19.93. The company has a market cap of $2.56 billion, a P/E ratio of 19.79 and a beta of 1.60. Constellium has a 1 year low of $14.12 and a 1 year high of $23.20.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. Constellium’s quarterly revenue was down 7.9% on a year-over-year basis. Equities research analysts anticipate that Constellium will post 1.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC grew its holdings in shares of Constellium by 81.1% in the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 676 shares during the period. Signaturefd LLC grew its holdings in shares of Constellium by 16.0% in the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock worth $127,000 after acquiring an additional 933 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Constellium by 29.9% in the 1st quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock worth $156,000 after acquiring an additional 1,625 shares during the period. Legacy Capital Group California Inc. acquired a new stake in Constellium during the 2nd quarter valued at $193,000. Finally, Contravisory Investment Management Inc. acquired a new stake in Constellium during the 2nd quarter valued at $195,000. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CSTM. Deutsche Bank Aktiengesellschaft decreased their target price on Constellium from $24.50 to $24.00 and set a “buy” rating for the company in a research report on Tuesday, July 16th. Benchmark restated a “buy” rating and set a $24.00 target price on shares of Constellium in a research report on Friday, April 19th. JPMorgan Chase & Co. reduced their price target on shares of Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Finally, BMO Capital Markets decreased their price target on shares of Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, July 24th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Constellium currently has an average rating of “Buy” and a consensus target price of $25.00.

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.