51,236 Shares in Constellium NV (CSTM) Acquired by Renaissance Group LLC

Renaissance Group LLC bought a new stake in Constellium NV (NYSE:CSTM) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,236 shares of the industrial products company’s stock, valued at approximately $333,000.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its stake in Constellium NV by 2.9% in the third quarter. Bank of Montreal Can now owns 206,933 shares of the industrial products company’s stock valued at $1,490,000 after buying an additional 5,874 shares during the last quarter. Wells Fargo & Company MN raised its stake in Constellium NV by 5.4% in the third quarter. Wells Fargo & Company MN now owns 36,313 shares of the industrial products company’s stock valued at $261,000 after buying an additional 1,867 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Constellium NV by 59.1% in the third quarter. UBS Asset Management Americas Inc. now owns 46,776 shares of the industrial products company’s stock valued at $337,000 after buying an additional 17,383 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Constellium NV by 10.3% in the third quarter. JPMorgan Chase & Co. now owns 374,560 shares of the industrial products company’s stock valued at $2,697,000 after buying an additional 35,102 shares in the last quarter. Finally, Boussard & Gavaudan Investment Management LLP raised its stake in Constellium NV by 39.7% in the third quarter. Boussard & Gavaudan Investment Management LLP now owns 111,457 shares of the industrial products company’s stock valued at $804,000 after buying an additional 31,676 shares in the last quarter. Institutional investors and hedge funds own 64.89% of the company’s stock.

Institutional Ownership by Quarter for Constellium NV (NYSE:CSTM)

Shares of Constellium NV (NYSE:CSTM) traded up 3.28% during midday trading on Friday, reaching $6.30. The company had a trading volume of 365,743 shares. Constellium NV has a one year low of $4.02 and a one year high of $8.85. The company has a 50 day moving average price of $6.23 and a 200-day moving average price of $6.58. The firm has a market capitalization of $682.50 million, a P/E ratio of 36.63 and a beta of 0.63.

Constellium NV (NYSE:CSTM) last announced its earnings results on Thursday, April 27th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.04. Constellium NV had a negative net margin of 8.66% and a negative return on equity of 3.97%. The company had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the business earned ($0.08) earnings per share. The firm’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, analysts anticipate that Constellium NV will post $0.70 EPS for the current fiscal year.

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CSTM has been the topic of a number of recent research reports. Societe Generale upgraded Constellium NV from a “hold” rating to a “buy” rating in a research note on Monday, March 27th. BMO Capital Markets reiterated a “hold” rating and set a $7.00 target price on shares of Constellium NV in a research note on Sunday, March 12th. Finally, Cowen and Company lowered their target price on Constellium NV from $7.00 to $6.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $8.50.

About Constellium NV

Constellium N.V. is a Netherlands-based company engaged in developing aluminum products for a range of markets and applications, including aerospace, automotive and packaging. The Company’s manufacturing facilities are located in the United States, Europe and China. It operates through three segments: Packaging & Automotive Rolled Product; Aerospace & Transportation, and Automotive Structures & Industry.

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