Renaissance Group LLC Has $6.80 Million Holdings in Constellium SE (NYSE:CSTM)

Renaissance Group LLC trimmed its holdings in shares of Constellium SE (NYSE:CSTMGet Rating) by 23.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 379,794 shares of the industrial products company’s stock after selling 115,409 shares during the period. Renaissance Group LLC’s holdings in Constellium were worth $6,802,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Voya Investment Management LLC lifted its holdings in Constellium by 1.7% during the third quarter. Voya Investment Management LLC now owns 47,145 shares of the industrial products company’s stock worth $885,000 after acquiring an additional 787 shares in the last quarter. Dark Forest Capital Management LP increased its position in shares of Constellium by 225.7% in the third quarter. Dark Forest Capital Management LP now owns 1,329 shares of the industrial products company’s stock valued at $25,000 after acquiring an additional 921 shares during the last quarter. Bank of Montreal Can grew its holdings in Constellium by 2.1% during the fourth quarter. Bank of Montreal Can now owns 97,242 shares of the industrial products company’s stock worth $1,753,000 after purchasing an additional 1,982 shares during the period. Diversified Trust Co grew its holdings in Constellium by 13.7% during the fourth quarter. Diversified Trust Co now owns 20,292 shares of the industrial products company’s stock worth $363,000 after purchasing an additional 2,442 shares during the period. Finally, Advisor Group Holdings Inc. grew its holdings in Constellium by 1,383.8% during the third quarter. Advisor Group Holdings Inc. now owns 3,027 shares of the industrial products company’s stock worth $58,000 after purchasing an additional 2,823 shares during the period. 90.54% of the stock is owned by hedge funds and other institutional investors.

Shares of CSTM traded down $0.04 on Friday, reaching $15.76. The company’s stock had a trading volume of 788,757 shares, compared to its average volume of 874,153. The company has a current ratio of 1.22, a quick ratio of 0.58 and a debt-to-equity ratio of 3.44. Constellium SE has a twelve month low of $15.06 and a twelve month high of $21.59. The stock has a market capitalization of $2.21 billion, a PE ratio of 5.15 and a beta of 1.91. The firm has a fifty day moving average of $17.01 and a 200-day moving average of $17.82.

Constellium (NYSE:CSTMGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The industrial products company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.21 by $0.99. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.88 billion. Constellium had a net margin of 5.76% and a return on equity of 100.02%. The company’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. As a group, equities analysts anticipate that Constellium SE will post 1.56 EPS for the current fiscal year.

A number of brokerages have recently issued reports on CSTM. StockNews.com upgraded Constellium from a “hold” rating to a “buy” rating in a report on Thursday, April 28th. Benchmark boosted their price objective on shares of Constellium from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Thursday, February 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Constellium from $22.00 to $25.00 in a research report on Thursday, April 28th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $24.17.

About Constellium (Get Rating)

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, and automotive end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

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Institutional Ownership by Quarter for Constellium (NYSE:CSTM)

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