Point72 Hong Kong Ltd Acquires Shares of 19,759 Constellium SE (NYSE:CSTM)

Point72 Hong Kong Ltd acquired a new stake in Constellium SE (NYSE:CSTM) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 19,759 shares of the industrial products company’s stock, valued at approximately $372,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Squarepoint Ops LLC bought a new stake in Constellium in the second quarter valued at approximately $429,000. Cubist Systematic Strategies LLC raised its holdings in shares of Constellium by 350.4% during the second quarter. Cubist Systematic Strategies LLC now owns 235,399 shares of the industrial products company’s stock valued at $4,437,000 after acquiring an additional 183,134 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Constellium during the second quarter valued at approximately $85,000. Marshall Wace LLP bought a new position in shares of Constellium during the second quarter valued at approximately $668,000. Finally, Bank of Montreal Can raised its holdings in shares of Constellium by 156.2% during the second quarter. Bank of Montreal Can now owns 306,945 shares of the industrial products company’s stock valued at $6,280,000 after acquiring an additional 187,128 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. BMO Capital Markets decreased their target price on Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft decreased their target price on Constellium from $24.50 to $24.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. Finally, JPMorgan Chase & Co. decreased their target price on Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, July 11th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $25.00.

Constellium Price Performance

Shares of CSTM stock opened at $16.60 on Friday. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 18.44 and a beta of 1.60. The business’s fifty day moving average is $16.48 and its 200 day moving average is $19.11. Constellium SE has a twelve month low of $14.12 and a twelve month high of $23.20. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 1.89.

Constellium (NYSE:CSTM) last released its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the prior year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was down 7.9% on a year-over-year basis. Research analysts expect that Constellium SE will post 1.6 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.