Renaissance Group LLC Sells 12,986 Shares of Constellium SE $CSTM

Renaissance Group LLC reduced its holdings in shares of Constellium SE (NYSE:CSTM) by 12.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 90,943 shares of the industrial products company’s stock after selling 12,986 shares during the quarter. Renaissance Group LLC owned approximately 0.07% of Constellium worth $1,210,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd bought a new stake in Constellium during the 1st quarter worth about $38,000. US Bancorp DE boosted its position in Constellium by 1,034.7% during the first quarter. US Bancorp DE now owns 5,163 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 4,708 shares during the last quarter. KBC Group NV acquired a new position in Constellium during the second quarter valued at approximately $56,000. Signaturefd LLC grew its stake in Constellium by 20.3% in the first quarter. Signaturefd LLC now owns 6,002 shares of the industrial products company’s stock valued at $61,000 after purchasing an additional 1,013 shares in the last quarter. Finally, CWM LLC increased its position in shares of Constellium by 91.5% during the 1st quarter. CWM LLC now owns 6,842 shares of the industrial products company’s stock worth $69,000 after purchasing an additional 3,269 shares during the last quarter. Institutional investors own 92.59% of the company’s stock.

Constellium Trading Up 0.9%

CSTM stock opened at $14.89 on Thursday. Constellium SE has a 52 week low of $7.32 and a 52 week high of $18.01. The company has a market capitalization of $2.05 billion, a PE ratio of 18.84 and a beta of 1.77. The company’s 50-day simple moving average is $15.53 and its 200 day simple moving average is $14.14. 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 (NYSE:CSTM) last announced its earnings results on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.25. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The firm had revenue of $2.17 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the business posted $0.02 EPS. The business’s revenue was up 20.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Constellium SE will post 1.1 earnings per share for the current year.

Analysts Set New Price Targets

CSTM has been the subject of several analyst reports. Wall Street Zen raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Constellium in a report on Thursday, November 13th. JPMorgan Chase & Co. lifted their price target on Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Wells Fargo & Company boosted their price target on Constellium from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 30th. Finally, Zacks Research raised Constellium from a “strong sell” rating to a “hold” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.

About Constellium

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.