Point72 Asset Management L.P. Sells 8,600 Shares of Constellium SE (NYSE:CSTM)

Point72 Asset Management L.P. lowered its holdings in Constellium SE (NYSE:CSTM) by 22.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 29,500 shares of the industrial products company’s stock after selling 8,600 shares during the quarter. Point72 Asset Management L.P.’s holdings in Constellium were worth $303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Handelsbanken Fonder AB grew its holdings in shares of Constellium by 9.7% during the 4th quarter. Handelsbanken Fonder AB now owns 17,000 shares of the industrial products company’s stock worth $175,000 after purchasing an additional 1,500 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Constellium by 25.8% during the 4th quarter. Quadrant Capital Group LLC now owns 8,024 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 1,645 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Constellium by 2.7% during the 4th quarter. MetLife Investment Management LLC now owns 76,659 shares of the industrial products company’s stock worth $787,000 after purchasing an additional 1,989 shares in the last quarter. Point72 Hong Kong Ltd grew its holdings in shares of Constellium by 9.3% during the 4th quarter. Point72 Hong Kong Ltd now owns 27,878 shares of the industrial products company’s stock worth $286,000 after purchasing an additional 2,381 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Constellium by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 73,628 shares of the industrial products company’s stock worth $756,000 after purchasing an additional 2,745 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Price Performance

Shares of CSTM stock opened at $11.66 on Friday. The stock’s fifty day simple moving average is $10.17 and its 200 day simple moving average is $10.66. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 36.44 and a beta of 1.65. Constellium SE has a one year low of $7.33 and a one year high of $22.00.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Wednesday, April 30th. The industrial products company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.07 by $0.19. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.88 billion. Constellium had a return on equity of 4.83% and a net margin of 0.67%. Constellium’s quarterly revenue was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.11 EPS. On average, analysts expect that Constellium SE will post 1.1 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Constellium Company 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.