Renaissance Group LLC Reduces Position in Constellium SE $CSTM

Renaissance Group LLC trimmed its position in Constellium SE (NYSE:CSTM) by 43.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,856 shares of the industrial products company’s stock after selling 39,087 shares during the period. Renaissance Group LLC’s holdings in Constellium were worth $772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. KBC Group NV purchased a new stake in Constellium during the 2nd quarter valued at about $56,000. EMC Capital Management acquired a new stake in shares of Constellium during the second quarter worth about $135,000. PharVision Advisers LLC purchased a new stake in Constellium in the second quarter valued at approximately $147,000. Principal Financial Group Inc. purchased a new stake in Constellium in the third quarter valued at approximately $154,000. Finally, Magnetar Financial LLC acquired a new position in Constellium in the 2nd quarter worth approximately $168,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Trading Up 6.3%

Shares of Constellium stock opened at $24.83 on Friday. The firm has a 50-day simple moving average of $20.38 and a two-hundred day simple moving average of $16.88. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.54 and a current ratio of 1.28. Constellium SE has a fifty-two week low of $7.32 and a fifty-two week high of $25.15. The company has a market cap of $3.42 billion, a P/E ratio of 31.42 and a beta of 1.51.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CSTM. Wells Fargo & Company raised shares of Constellium from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $17.00 to $25.00 in a report on Tuesday, January 13th. JPMorgan Chase & Co. upped their price target on shares of Constellium from $17.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, October 30th. Zacks Research raised Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Wall Street Zen raised Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $25.00 target price on shares of Constellium in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Constellium presently has a consensus rating of “Hold” and a consensus price target of $24.00.

Constellium Profile

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.