D. E. Shaw & Co. Inc. Raises Holdings in Constellium SE (NYSE:CSTM)

D. E. Shaw & Co. Inc. boosted its stake in shares of Constellium SE (NYSE:CSTM - Free Report) by 112.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,426,033 shares of the industrial products company's stock after acquiring an additional 1,282,587 shares during the quarter. D. E. Shaw & Co. Inc. owned 1.65% of Constellium worth $24,915,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Handelsbanken Fonder AB increased its stake in shares of Constellium by 9.7% during the fourth quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company's stock worth $175,000 after purchasing an additional 1,500 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Constellium by 25.8% during the fourth quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company's stock worth $82,000 after purchasing an additional 1,645 shares in the last quarter. MetLife Investment Management LLC raised its stake in Constellium by 2.7% in the 4th quarter. MetLife Investment Management LLC now owns 76,659 shares of the industrial products company's stock valued at $787,000 after purchasing an additional 1,989 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in Constellium in the 4th quarter valued at $31,000. Finally, Algert Global LLC lifted its stake in shares of Constellium by 15.3% in the fourth quarter. Algert Global LLC now owns 32,040 shares of the industrial products company's stock worth $329,000 after buying an additional 4,250 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Constellium Stock Performance

NYSE CSTM opened at $11.26 on Monday. 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 twelve month low of $7.33 and a twelve month high of $22.00. The stock has a fifty day simple moving average of $10.11 and a 200-day simple moving average of $10.60. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93.

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