Renaissance Technologies LLC Purchases New Position in Constellium SE (NYSE:CSTM)

Renaissance Technologies LLC acquired a new stake in shares of Constellium SE (NYSE:CSTM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 75,500 shares of the industrial products company's stock, valued at approximately $775,000. Renaissance Technologies LLC owned about 0.05% of Constellium at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CSTM. Legal & General Group Plc grew its stake in Constellium by 26.9% during the fourth quarter. Legal & General Group Plc now owns 37,730 shares of the industrial products company's stock worth $387,000 after buying an additional 7,987 shares during the period. Quadrant Capital Group LLC boosted its position in Constellium by 25.8% during the 4th 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 during the period. Wells Fargo & Company MN increased its holdings in Constellium by 33.8% in the 4th quarter. Wells Fargo & Company MN now owns 69,298 shares of the industrial products company's stock valued at $712,000 after purchasing an additional 17,511 shares in the last quarter. ExodusPoint Capital Management LP purchased a new position in Constellium in the fourth quarter valued at about $4,980,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in shares of Constellium by 13.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 124,681 shares of the industrial products company's stock worth $1,280,000 after purchasing an additional 15,038 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Constellium Trading Down 0.8 %

NYSE CSTM traded down $0.09 on Wednesday, hitting $10.79. 1,309,339 shares of the stock were exchanged, compared to its average volume of 1,410,394. The company's 50-day moving average price is $10.08 and its two-hundred day moving average price is $10.64. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 33.72 and a beta of 1.65. Constellium SE has a 52-week low of $7.33 and a 52-week 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 quarterly earnings data 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. Constellium had a net margin of 0.67% and a return on equity of 4.83%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same period in the previous year, the firm posted $0.11 earnings per share. The firm's revenue was up 5.3% on a year-over-year basis. Research analysts predict that Constellium SE will post 1.1 EPS 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.