Renaissance Group LLC Sells 104,151 Shares of Constellium SE (NYSE:CSTM)

Renaissance Group LLC cut its stake in shares of Constellium SE (NYSE:CSTM - Free Report) by 21.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 380,316 shares of the industrial products company's stock after selling 104,151 shares during the quarter. Renaissance Group LLC owned about 0.26% of Constellium worth $3,906,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Kailix Advisors LLC lifted its position in Constellium by 25.6% during the fourth quarter. Kailix Advisors LLC now owns 2,085,187 shares of the industrial products company's stock valued at $21,415,000 after purchasing an additional 424,779 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Constellium by 242.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,522,400 shares of the industrial products company's stock worth $15,636,000 after buying an additional 1,078,196 shares during the last quarter. Principal Financial Group Inc. grew 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 period. Victory Capital Management Inc. grew its holdings 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. Finally, JPMorgan Chase & Co. lifted its holdings in Constellium by 12.6% in the fourth quarter. JPMorgan Chase & Co. now owns 781,953 shares of the industrial products company's stock valued at $8,031,000 after acquiring an additional 87,456 shares during the period. Hedge funds and other institutional investors own 92.59% of the company's stock.

Constellium Price Performance

Constellium stock traded up $0.30 during mid-day trading on Monday, hitting $8.36. The stock had a trading volume of 887,687 shares, compared to its average volume of 1,499,000. The company has a current ratio of 1.28, a quick ratio of 0.52 and a debt-to-equity ratio of 1.93. The firm's 50 day moving average is $10.31 and its 200 day moving average is $11.30. The firm has a market capitalization of $1.20 billion, a P/E ratio of 26.13 and a beta of 1.65. Constellium SE has a one year low of $7.32 and a one year high of $22.00.

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

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft raised shares of Constellium from a "hold" rating to a "buy" rating and set a $15.00 price target for the company in a research report 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's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $20.25.

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.