Renaissance Technologies LLC Takes Position in Constellium SE (NYSE:CSTM)

Renaissance Technologies LLC bought a new position in shares of Constellium SE (NYSE:CSTM) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 75,500 shares of the industrial products company’s stock, valued at approximately $775,000. Renaissance Technologies LLC owned 0.05% of Constellium at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CSTM. Geneos Wealth Management Inc. bought a new stake in shares of Constellium in the fourth quarter worth $31,000. New Age Alpha Advisors LLC bought a new stake in shares of Constellium in the 4th quarter valued at about $70,000. Quadrant Capital Group LLC grew 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 valued at $82,000 after buying an additional 1,645 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Constellium in the fourth quarter valued at about $106,000. Finally, Cibc World Markets Corp bought a new position in shares of Constellium during the fourth quarter worth about $124,000. 92.59% of the stock is owned by institutional investors.

Constellium Price Performance

Shares of CSTM opened at $10.81 on Friday. The firm has a market cap of $1.54 billion, a PE ratio of 33.78 and a beta of 1.65. Constellium SE has a 52-week low of $7.33 and a 52-week high of $22.00. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.52 and a current ratio of 1.28. The business’s 50 day moving average price is $10.13 and its two-hundred day moving average price is $10.75.

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 the consensus estimate of $0.07 by $0.19. Constellium had a net margin of 0.67% and a return on equity of 4.83%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.88 billion. During the same period in the prior year, the firm earned $0.11 earnings per share. Constellium’s revenue was up 5.3% on a year-over-year basis. On average, equities analysts anticipate that Constellium SE will post 1.1 EPS for the current year.

Analyst Ratings Changes

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

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.