Arrowstreet Capital Limited Partnership Purchases New Position in Constellium SE (NYSE:CSTM)

Arrowstreet Capital Limited Partnership acquired a new position in Constellium SE (NYSE:CSTM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 32,446 shares of the industrial products company’s stock, valued at approximately $333,000.

Other hedge funds have also bought and sold shares of the company. New Age Alpha Advisors LLC purchased a new position in Constellium during the 4th quarter valued at about $70,000. Norges Bank purchased a new position in Constellium during the fourth quarter valued at approximately $4,355,000. JPMorgan Chase & Co. increased its holdings in Constellium by 12.6% during the 4th quarter. JPMorgan Chase & Co. now owns 781,953 shares of the industrial products company’s stock worth $8,031,000 after acquiring an additional 87,456 shares during the period. American Century Companies Inc. lifted its stake in Constellium by 66.3% in the 4th quarter. American Century Companies Inc. now owns 226,448 shares of the industrial products company’s stock worth $2,326,000 after purchasing an additional 90,319 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Constellium in the 4th quarter valued at $106,000. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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 report on Tuesday, February 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Constellium has a consensus rating of “Moderate Buy” and an average target price of $20.25.

Constellium Trading Up 2.1 %

Shares of Constellium stock opened at $8.09 on Monday. The company has a 50 day simple moving average of $10.31 and a two-hundred day simple moving average of $11.30. The firm has a market cap of $1.16 billion, a PE ratio of 25.28 and a beta of 1.65. Constellium SE has a 1 year low of $7.33 and a 1 year 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) last announced its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.47). Constellium had a return on equity of 4.83% and a net margin of 0.67%. The company had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Analysts expect that Constellium SE will post 1.1 earnings per share for the current fiscal year.

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.