Point72 Hong Kong Ltd Invests $372,000 in Constellium SE (NYSE:CSTM)

Point72 Hong Kong Ltd bought a new stake in shares of Constellium SE (NYSE:CSTM) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 19,759 shares of the industrial products company’s stock, valued at approximately $372,000.

Other hedge funds have also made changes to their positions in the company. Squarepoint Ops LLC purchased a new position in Constellium during the second quarter valued at approximately $429,000. Cubist Systematic Strategies LLC boosted its position in shares of Constellium by 350.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 235,399 shares of the industrial products company’s stock valued at $4,437,000 after purchasing an additional 183,134 shares during the period. Point72 DIFC Ltd acquired a new position in Constellium in the second quarter valued at approximately $85,000. Marshall Wace LLP acquired a new position in shares of Constellium during the second quarter worth approximately $668,000. Finally, Bank of Montreal Can raised its holdings in Constellium by 156.2% during the second quarter. Bank of Montreal Can now owns 306,945 shares of the industrial products company’s stock worth $6,280,000 after purchasing an additional 187,128 shares in the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Constellium Stock Performance

Shares of Constellium stock opened at $16.60 on Friday. The company has a market cap of $2.40 billion, a PE ratio of 18.44 and a beta of 1.60. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89. The company has a 50 day moving average of $16.48 and a 200-day moving average of $19.11. Constellium SE has a 1-year low of $14.12 and a 1-year high of $23.20.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.89 billion. During the same period last year, the company posted $0.35 earnings per share. The business’s quarterly revenue was down 7.9% on a year-over-year basis. As a group, equities research analysts forecast 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.