Cubist Systematic Strategies LLC lifted its position in shares of Constellium N.V. (NYSE:CSTM) by 94.0% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 44,920 shares of the industrial products company’s stock after buying an additional 21,771 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Constellium were worth $460,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its holdings in Constellium by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 722,400 shares of the industrial products company’s stock valued at $4,985,000 after acquiring an additional 15,700 shares during the last quarter. Ecofin Ltd. increased its holdings in Constellium by 1.7% in the 2nd quarter. Ecofin Ltd. now owns 647,101 shares of the industrial products company’s stock valued at $4,465,000 after acquiring an additional 10,905 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Constellium by 1,227.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 530,944 shares of the industrial products company’s stock valued at $3,664,000 after acquiring an additional 490,944 shares during the last quarter. Concourse Capital Management LLC increased its holdings in Constellium by 1.9% in the 2nd quarter. Concourse Capital Management LLC now owns 512,191 shares of the industrial products company’s stock valued at $3,534,000 after acquiring an additional 9,400 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Constellium in the 3rd quarter valued at $5,051,000. Institutional investors own 56.75% of the company’s stock.
Shares of Constellium N.V. (NYSE CSTM) opened at $12.35 on Friday. Constellium N.V. has a 52-week low of $5.35 and a 52-week high of $12.45. The company has a debt-to-equity ratio of -4.43, a quick ratio of 0.70 and a current ratio of 1.24. The company has a market cap of $1,660.00, a P/E ratio of 38.59 and a beta of 0.67.
Constellium (NYSE:CSTM) last posted its earnings results on Thursday, October 26th. The industrial products company reported $0.23 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.05. Constellium had a net margin of 0.61% and a negative return on equity of 5.81%. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the company posted $0.14 earnings per share. Constellium’s revenue for the quarter was up 6.7% compared to the same quarter last year. equities analysts forecast that Constellium N.V. will post 0.59 EPS for the current fiscal year.
A number of analysts have recently weighed in on CSTM shares. BidaskClub upgraded shares of Constellium from a “hold” rating to a “buy” rating in a report on Friday, October 6th. BMO Capital Markets set a $13.00 price target on shares of Constellium and gave the company a “hold” rating in a report on Friday, October 27th. ValuEngine cut shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Cowen raised shares of Constellium from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $11.00 to $13.00 in a research report on Monday, November 27th. Finally, Morgan Stanley raised shares of Constellium from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 16th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.67.
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Constellium Company Profile
Constellium N.V. is a Netherlands-based company engaged in developing aluminum products for a range of markets and applications, including aerospace, automotive and packaging. The Company’s manufacturing facilities are located in the United States, Europe and China. It operates through three segments: Packaging & Automotive Rolled Product; Aerospace & Transportation, and Automotive Structures & Industry.
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