BlueCrest Capital Management Ltd lessened its position in Constellium NV (NYSE:CSTM) by 29.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 104,195 shares of the industrial products company’s stock after selling 43,157 shares during the quarter. BlueCrest Capital Management Ltd’s holdings in Constellium were worth $1,162,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CSTM. BlackRock Inc. increased its stake in Constellium by 2,011.0% in the fourth quarter. BlackRock Inc. now owns 2,154,669 shares of the industrial products company’s stock valued at $24,025,000 after acquiring an additional 2,052,599 shares during the last quarter. Monarch Partners Asset Management LLC bought a new position in shares of Constellium during the fourth quarter valued at about $16,219,000. Boussard & Gavaudan Investment Management LLP grew its stake in shares of Constellium by 79.9% during the fourth quarter. Boussard & Gavaudan Investment Management LLP now owns 2,719,822 shares of the industrial products company’s stock valued at $30,054,000 after buying an additional 1,207,612 shares during the last quarter. Governors Lane LP grew its stake in shares of Constellium by 97.9% during the fourth quarter. Governors Lane LP now owns 2,275,288 shares of the industrial products company’s stock valued at $25,369,000 after buying an additional 1,125,288 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Constellium by 104.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,273,650 shares of the industrial products company’s stock valued at $14,201,000 after buying an additional 650,706 shares during the last quarter. 80.66% of the stock is currently owned by institutional investors and hedge funds.
Constellium NV (NYSE CSTM) opened at $11.90 on Tuesday. Constellium NV has a 12 month low of $5.35 and a 12 month high of $14.10. The stock has a market capitalization of $1,630.00, a PE ratio of -49.58 and a beta of 0.86. The company has a debt-to-equity ratio of -6.34, a quick ratio of 0.68 and a current ratio of 1.26.
A number of research analysts have recently issued reports on CSTM shares. Cowen set a $20.00 price objective on Constellium and gave the company a “buy” rating in a research note on Tuesday, February 6th. Morgan Stanley set a $15.00 price objective on Constellium and gave the company a “buy” rating in a research note on Wednesday, February 28th. ValuEngine raised Constellium from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Societe Generale cut Constellium from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.25.
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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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