484,876 Shares in Constellium SE (NYSE:CSTM) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP bought a new stake in Constellium SE (NYSE:CSTM) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 484,876 shares of the industrial products company’s stock, valued at approximately $4,980,000.

Other hedge funds have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in Constellium by 13.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 124,681 shares of the industrial products company’s stock valued at $1,280,000 after buying an additional 15,038 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Constellium by 16.8% in the 4th quarter. Franklin Resources Inc. now owns 191,143 shares of the industrial products company’s stock worth $1,963,000 after purchasing an additional 27,486 shares during the period. O Shaughnessy Asset Management LLC increased its position in shares of Constellium by 295.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 82,897 shares of the industrial products company’s stock worth $851,000 after buying an additional 61,951 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Constellium in the fourth quarter valued at $333,000. Finally, New Age Alpha Advisors LLC acquired a new position in Constellium in the fourth quarter valued at $70,000. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft raised Constellium from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.25.

Constellium Stock Down 7.8 %

Constellium stock opened at $8.43 on Friday. The company has a market capitalization of $1.21 billion, a PE ratio of 26.33 and a beta of 1.64. Constellium SE has a 12-month low of $7.95 and a 12-month high of $22.91. The firm’s fifty day moving average is $10.55 and its 200 day moving average is $11.70. The company has a quick ratio of 0.52, a current ratio of 1.28 and a debt-to-equity ratio of 1.93.

Constellium (NYSE:CSTM) last announced its quarterly earnings data on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.47). The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. As a group, sell-side analysts predict that Constellium SE will post 1.1 EPS for the current fiscal year.

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.