Constellium SE (NYSE:CSTM) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lessened its holdings in shares of Constellium SE (NYSE:CSTM) by 57.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 221,986 shares of the industrial products company’s stock after selling 302,572 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Constellium were worth $2,280,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Handelsbanken Fonder AB increased its position in shares of Constellium by 9.7% in the 4th 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 during the last quarter. Quadrant Capital Group LLC increased its position in shares of Constellium by 25.8% in 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 last quarter. MetLife Investment Management LLC increased its position in shares of Constellium by 2.7% in the 4th quarter. MetLife Investment Management LLC now owns 76,659 shares of the industrial products company’s stock worth $787,000 after purchasing an additional 1,989 shares during the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Constellium during the 4th quarter valued at approximately $31,000. Finally, Algert Global LLC raised its position in shares of Constellium by 15.3% during the 4th quarter. Algert Global LLC now owns 32,040 shares of the industrial products company’s stock valued at $329,000 after acquiring an additional 4,250 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Analysts Set New Price Targets

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

Constellium Stock Performance

Shares of NYSE CSTM opened at $11.26 on Monday. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93. The firm’s 50-day moving average price is $10.11 and its two-hundred day moving average price is $10.60. Constellium SE has a 52-week low of $7.33 and a 52-week high of $22.00. The stock has a market capitalization of $1.61 billion, a P/E ratio of 35.19 and a beta of 1.65.

Constellium (NYSE:CSTM) last issued its earnings results on Wednesday, April 30th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $1.88 billion. During the same quarter last year, the company posted $0.11 earnings per share. Constellium’s revenue was up 5.3% on a year-over-year basis. As a group, sell-side analysts forecast 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.