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

D. E. Shaw & Co. Inc. increased its position in shares of Constellium SE (NYSE:CSTM - Free Report) by 112.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,426,033 shares of the industrial products company's stock after buying an additional 1,282,587 shares during the period. D. E. Shaw & Co. Inc. owned 1.65% of Constellium worth $24,915,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its position in 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 acquiring an additional 1,500 shares during the period. Quadrant Capital Group LLC raised its position in 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 acquiring an additional 1,645 shares during the period. MetLife Investment Management LLC raised its position in Constellium by 2.7% during the fourth quarter. MetLife Investment Management LLC now owns 76,659 shares of the industrial products company's stock worth $787,000 after acquiring an additional 1,989 shares during the period. Geneos Wealth Management Inc. acquired a new position in Constellium during the fourth quarter worth $31,000. Finally, Algert Global LLC raised its position in Constellium by 15.3% during the fourth quarter. Algert Global LLC now owns 32,040 shares of the industrial products company's stock worth $329,000 after acquiring an additional 4,250 shares during the period. 92.59% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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 Price Performance

Shares of NYSE CSTM traded down $0.31 during mid-day trading on Friday, reaching $11.78. The company's stock had a trading volume of 2,127,569 shares, compared to its average volume of 1,436,553. The stock has a 50-day moving average of $10.18 and a two-hundred day moving average of $10.63. The stock has a market capitalization of $1.68 billion, a P/E ratio of 36.80 and a beta of 1.65. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. Constellium SE has a 1-year low of $7.33 and a 1-year high of $22.00.

Constellium (NYSE:CSTM - Get Free Report) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.26 EPS 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 company's quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. On average, equities research analysts anticipate that Constellium SE will post 1.1 EPS for the current fiscal year.

Constellium Company Profile

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.