ExodusPoint Capital Management LP Acquires New Position in Constellium SE (NYSE:CSTM)

ExodusPoint Capital Management LP purchased a new stake in shares of Constellium SE (NYSE:CSTM - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 484,876 shares of the industrial products company's stock, valued at approximately $4,980,000. ExodusPoint Capital Management LP owned about 0.33% of Constellium as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Victory Capital Management Inc. increased its stake in shares of Constellium by 15.1% in the fourth quarter. Victory Capital Management Inc. now owns 947,430 shares of the industrial products company's stock worth $9,730,000 after acquiring an additional 124,140 shares during the period. State of Alaska Department of Revenue purchased a new position in shares of Constellium during the 4th quarter valued at about $1,386,000. Barclays PLC lifted its holdings in shares of Constellium by 476.1% in the 3rd quarter. Barclays PLC now owns 336,569 shares of the industrial products company's stock valued at $5,473,000 after buying an additional 278,149 shares during the period. SG Americas Securities LLC boosted its stake in shares of Constellium by 41.7% in the fourth quarter. SG Americas Securities LLC now owns 59,521 shares of the industrial products company's stock worth $611,000 after buying an additional 17,515 shares during the last quarter. Finally, Rockingstone Advisors LLC grew its holdings in Constellium by 48.1% during the fourth quarter. Rockingstone Advisors LLC now owns 250,917 shares of the industrial products company's stock worth $2,577,000 after acquiring an additional 81,467 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft upgraded Constellium from a "hold" rating to a "buy" rating and set a $15.00 price objective on the stock in a research report on Tuesday, February 25th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, Constellium has an average rating of "Moderate Buy" and an average target price of $20.25.

Constellium Price Performance

NYSE CSTM traded up $0.17 during trading hours on Friday, reaching $8.09. The company's stock had a trading volume of 1,485,093 shares, compared to its average volume of 1,330,533. The company has a debt-to-equity ratio of 1.93, a current ratio of 1.28 and a quick ratio of 0.52. Constellium SE has a 1-year low of $7.33 and a 1-year high of $22.00. The company's 50-day moving average is $10.31 and its two-hundred day moving average is $11.34. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 25.28 and a beta of 1.65.

Constellium (NYSE:CSTM - Get Free Report) last announced its earnings results on Thursday, February 20th. The industrial products company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.13 by ($0.47). The business had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.69 billion. Constellium had a net margin of 0.67% and a return on equity of 4.83%. On average, equities analysts predict that Constellium SE will post 1.1 EPS for the current 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.