HBK Investments L P boosted its position in shares of Constellium (NYSE:CSTM) by 1.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 449,658 shares of the industrial products company’s stock after purchasing an additional 7,658 shares during the quarter. HBK Investments L P owned about 0.43% of Constellium worth $5,014,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Essex Investment Management Co. LLC bought a new stake in shares of Constellium in the 4th quarter valued at about $115,000. Bank of New York Mellon Corp bought a new stake in shares of Constellium in the 4th quarter valued at about $147,000. Jane Street Group LLC acquired a new position in shares of Constellium in the 3rd quarter valued at approximately $187,000. Macquarie Group Ltd. acquired a new position in shares of Constellium in the 3rd quarter valued at approximately $227,000. Finally, Capital Fund Management S.A. acquired a new position in shares of Constellium in the 4th quarter valued at approximately $442,000. 80.66% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE CSTM traded down $0.05 during trading hours on Friday, hitting $11.05. The company had a trading volume of 956,883 shares, compared to its average volume of 972,195. The company has a market cap of $1,171.96, a PE ratio of -34.53 and a beta of 0.90. The company has a current ratio of 1.26, a quick ratio of 0.68 and a debt-to-equity ratio of -6.34. Constellium has a 1-year low of $5.35 and a 1-year high of $14.10.
Constellium (NYSE:CSTM) last posted its quarterly earnings results on Thursday, February 22nd. The industrial products company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.87). Constellium had a negative net margin of 0.66% and a negative return on equity of 5.81%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company posted ($0.19) EPS. The firm’s revenue was up 7.5% on a year-over-year basis. sell-side analysts predict that Constellium will post 1.1 EPS for the current fiscal year.
Several equities analysts recently issued reports on CSTM shares. Cowen set a $13.00 price objective on Constellium and gave the company a “buy” rating in a research report on Tuesday, December 12th. ValuEngine upgraded Constellium from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Morgan Stanley upped their price target on Constellium from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Societe Generale downgraded Constellium from a “buy” rating to a “hold” rating in a research report on Wednesday, February 28th. Finally, Goldman Sachs assumed coverage on Constellium in a research report on Tuesday, March 20th. They set a “buy” rating and a $16.00 price target for the company. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Constellium currently has a consensus rating of “Hold” and an average price target of $14.60.
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Constellium N.V. engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the aerospace, packaging, and automotive end-markets. The company operates in three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.
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