Cubist Systematic Strategies LLC Acquires 183,134 Shares of Constellium SE (NYSE:CSTM)

Cubist Systematic Strategies LLC increased its holdings in shares of Constellium SE (NYSE:CSTM) by 350.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 235,399 shares of the industrial products company’s stock after purchasing an additional 183,134 shares during the period. Cubist Systematic Strategies LLC owned 0.16% of Constellium worth $4,437,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC grew its holdings in Constellium by 81.1% during the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 676 shares during the period. Point72 DIFC Ltd bought a new stake in shares of Constellium during the second quarter worth approximately $85,000. Signaturefd LLC boosted its holdings in shares of Constellium by 16.0% during the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock worth $127,000 after acquiring an additional 933 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Constellium by 29.9% during the first quarter. Advisors Asset Management Inc. now owns 7,065 shares of the industrial products company’s stock worth $156,000 after acquiring an additional 1,625 shares during the period. Finally, Legacy Capital Group California Inc. bought a new stake in shares of Constellium during the second quarter worth approximately $193,000. Institutional investors own 92.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CSTM. Deutsche Bank Aktiengesellschaft reduced their price objective on Constellium from $24.50 to $24.00 and set a “buy” rating for the company in a report on Tuesday, July 16th. BMO Capital Markets reduced their price objective on Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, July 11th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $25.00.

Constellium Stock Up 1.4 %

NYSE CSTM opened at $16.84 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89. Constellium SE has a 1-year low of $14.12 and a 1-year high of $23.20. The company has a 50 day moving average of $16.44 and a 200-day moving average of $19.08. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 18.71 and a beta of 1.60.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the previous year, the business earned $0.35 earnings per share. The company’s revenue was down 7.9% on a year-over-year basis. On average, equities research analysts expect that Constellium SE will post 1.6 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.