Arrowstreet Capital Limited Partnership Acquires Shares of 32,446 Constellium SE (NYSE:CSTM)

Arrowstreet Capital Limited Partnership purchased a new position in shares of Constellium SE (NYSE:CSTM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 32,446 shares of the industrial products company's stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Quantinno Capital Management LP raised its position in Constellium by 9.1% during the third quarter. Quantinno Capital Management LP now owns 13,899 shares of the industrial products company's stock worth $226,000 after acquiring an additional 1,162 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Constellium in the 3rd quarter valued at approximately $3,589,000. Barclays PLC grew its holdings in Constellium by 476.1% during 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 last quarter. Franklin Resources Inc. increased its position in Constellium by 19.5% during the third quarter. Franklin Resources Inc. now owns 163,657 shares of the industrial products company's stock worth $2,661,000 after buying an additional 26,686 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Constellium by 35.3% in the third quarter. Principal Financial Group Inc. now owns 1,395,607 shares of the industrial products company's stock worth $22,693,000 after acquiring an additional 364,423 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company's stock.

Constellium Trading Up 0.6 %

Shares of Constellium stock traded up $0.06 during trading hours on Friday, reaching $8.59. 1,707,119 shares of the company's stock were exchanged, compared to its average volume of 1,349,225. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 26.83 and a beta of 1.65. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. Constellium SE has a 52-week low of $7.33 and a 52-week high of $22.00. The company has a fifty day moving average of $10.20 and a 200-day moving average of $11.10.

Constellium (NYSE:CSTM - Get Free Report) last issued its earnings results 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). Constellium had a return on equity of 4.83% and a net margin of 0.67%. The firm had revenue of $1.72 billion during the quarter, compared to analysts' expectations of $1.69 billion. Sell-side analysts forecast that Constellium SE will post 1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

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 research note on Tuesday, February 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Constellium currently has an average rating of "Moderate Buy" and a consensus target price of $20.25.

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.