Point72 Asset Management L.P. Sells 151,140 Shares of Constellium SE (NYSE:CSTM)

Point72 Asset Management L.P. lowered its stake in Constellium SE (NYSE:CSTM - Free Report) by 79.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,100 shares of the industrial products company's stock after selling 151,140 shares during the quarter. Point72 Asset Management L.P.'s holdings in Constellium were worth $620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in CSTM. Mountaineer Partners Management LLC boosted its position in shares of Constellium by 1,683.0% in the third quarter. Mountaineer Partners Management LLC now owns 8,928,919 shares of the industrial products company's stock valued at $145,184,000 after acquiring an additional 8,428,150 shares during the period. Westwood Holdings Group Inc. boosted its holdings in Constellium by 47.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 4,131,418 shares of the industrial products company's stock valued at $77,877,000 after purchasing an additional 1,334,550 shares during the period. FMR LLC grew its position in shares of Constellium by 3.4% during the 3rd quarter. FMR LLC now owns 14,681,988 shares of the industrial products company's stock valued at $238,729,000 after purchasing an additional 484,011 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Constellium in the third quarter worth $7,223,000. Finally, Kailix Advisors LLC raised its position in shares of Constellium by 40.0% in the second quarter. Kailix Advisors LLC now owns 1,446,645 shares of the industrial products company's stock worth $29,222,000 after buying an additional 413,605 shares in the last quarter. Hedge funds and other institutional investors own 92.59% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. decreased their target price on Constellium from $25.00 to $24.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. BMO Capital Markets cut their price objective on Constellium from $22.00 to $18.00 and set an "outperform" rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Constellium from a "buy" rating to a "hold" rating and lowered their target price for the company from $22.00 to $12.00 in a research note on Thursday, October 24th. Finally, StockNews.com cut shares of Constellium from a "buy" rating to a "hold" rating in a research note on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Constellium has a consensus rating of "Moderate Buy" and a consensus target price of $21.00.

Constellium Price Performance

Shares of Constellium stock traded down $0.41 during trading on Thursday, hitting $11.30. 1,058,644 shares of the stock traded hands, compared to its average volume of 1,106,151. The firm's fifty day moving average is $12.51 and its 200-day moving average is $16.02. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 15.27 and a beta of 1.65. Constellium SE has a 52 week low of $10.49 and a 52 week high of $23.20. 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.40 by ($0.38). Constellium had a return on equity of 10.83% and a net margin of 1.47%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The company's revenue was down 4.7% compared to the same quarter last year. Research analysts expect that Constellium SE will post 0.71 EPS for the current fiscal 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.