Point72 Hong Kong Ltd Increases Holdings in Constellium SE (NYSE:CSTM)

Point72 Hong Kong Ltd raised its holdings in shares of Constellium SE (NYSE:CSTM) by 29.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,497 shares of the industrial products company’s stock after purchasing an additional 5,738 shares during the period. Point72 Hong Kong Ltd’s holdings in Constellium were worth $415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CSTM. Westwood Holdings Group Inc. raised its holdings in shares of Constellium by 47.7% during the second quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company’s stock valued at $77,877,000 after acquiring an additional 1,334,550 shares in the last quarter. FMR LLC raised its holdings in Constellium by 3.4% in the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company’s stock worth $238,729,000 after purchasing an additional 484,011 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in Constellium in the 3rd quarter worth $7,223,000. Kailix Advisors LLC lifted its position in shares of Constellium by 40.0% in the 2nd quarter. Kailix Advisors LLC now owns 1,446,645 shares of the industrial products company’s stock worth $29,222,000 after purchasing an additional 413,605 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Constellium by 35.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company’s stock valued at $22,693,000 after purchasing an additional 364,423 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company’s stock.

Constellium Stock Up 1.8 %

CSTM stock opened at $12.48 on Tuesday. The business has a 50 day moving average of $13.29 and a 200 day moving average of $16.54. The firm has a market cap of $1.80 billion, a PE ratio of 16.87 and a beta of 1.65. Constellium SE has a twelve month low of $10.49 and a twelve month high of $23.20. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93.

Constellium (NYSE:CSTM) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.38). The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.80 billion. Constellium had a net margin of 1.47% and a return on equity of 10.83%. Constellium’s revenue was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. On average, research analysts forecast that Constellium SE will post 0.71 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on CSTM shares. StockNews.com lowered shares of Constellium from a “buy” rating to a “hold” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. lowered their target price on Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft cut Constellium from a “buy” rating to a “hold” rating and reduced their price target for the stock from $22.00 to $12.00 in a research note on Thursday, October 24th. Finally, BMO Capital Markets lowered their price objective on Constellium from $22.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Constellium currently has a consensus rating of “Moderate Buy” and an average target price of $21.00.

Constellium 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.