Constellium SE (NYSE:CSTM) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC trimmed its position in shares of Constellium SE (NYSE:CSTM - Free Report) by 57.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 221,986 shares of the industrial products company's stock after selling 302,572 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.15% of Constellium worth $2,280,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Bridgeway Capital Management LLC acquired a new stake in shares of Constellium during the 4th quarter worth $8,615,000. Capstone Investment Advisors LLC purchased a new position in Constellium in the fourth quarter valued at approximately $7,138,000. BNP Paribas Financial Markets purchased a new position in Constellium in the fourth quarter valued at approximately $1,053,000. Ameriprise Financial Inc. raised its holdings in Constellium by 40.0% in the fourth quarter. Ameriprise Financial Inc. now owns 122,672 shares of the industrial products company's stock valued at $1,260,000 after buying an additional 35,080 shares during the period. Finally, Algert Global LLC raised its holdings in Constellium by 15.3% in the fourth quarter. Algert Global LLC now owns 32,040 shares of the industrial products company's stock valued at $329,000 after buying an additional 4,250 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upgraded shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price target on the stock in a report on Tuesday, February 25th.

Constellium Trading Up 0.6%

Shares of CSTM opened at $11.26 on Monday. The stock's 50-day moving average is $10.11 and its two-hundred day moving average is $10.60. The stock has a market cap of $1.61 billion, a PE ratio of 35.19 and a beta of 1.65. Constellium SE has a 12 month low of $7.33 and a 12 month high of $22.00. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52.

Constellium (NYSE:CSTM - Get Free Report) last announced its earnings results on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.19. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.88 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. The business's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share. Equities analysts forecast that Constellium SE will post 1.1 earnings per share for the current fiscal year.

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.

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