Renaissance Group LLC raised its stake in shares of Constellium N.V. (NYSE:CSTM) by 10.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,809 shares of the industrial products company’s stock after buying an additional 5,573 shares during the period. Renaissance Group LLC owned about 0.05% of Constellium N.V. worth $392,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of CSTM. ClariVest Asset Management LLC increased its stake in Constellium N.V. by 12.4% in the first quarter. ClariVest Asset Management LLC now owns 16,323 shares of the industrial products company’s stock worth $106,000 after buying an additional 1,800 shares during the last quarter. KCG Holdings Inc. increased its stake in Constellium N.V. by 52.2% in the first quarter. KCG Holdings Inc. now owns 19,334 shares of the industrial products company’s stock worth $126,000 after buying an additional 6,629 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in Constellium N.V. by 6.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 111,740 shares of the industrial products company’s stock worth $726,000 after buying an additional 7,145 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Constellium N.V. by 4.7% in the first quarter. Parametric Portfolio Associates LLC now owns 175,960 shares of the industrial products company’s stock worth $1,144,000 after buying an additional 7,863 shares during the last quarter. Finally, Weiss Multi Strategy Advisers LLC increased its stake in Constellium N.V. by 1.3% in the first quarter. Weiss Multi Strategy Advisers LLC now owns 750,000 shares of the industrial products company’s stock worth $4,875,000 after buying an additional 9,292 shares during the last quarter. Institutional investors own 57.59% of the company’s stock.

Shares of Constellium N.V. (NYSE CSTM) opened at 10.45 on Thursday. The company has a 50-day moving average price of $9.02 and a 200 day moving average price of $7.36. The firm has a market capitalization of $1.10 billion, a P/E ratio of 40.19 and a beta of 0.77. Constellium N.V. has a one year low of $4.85 and a one year high of $10.95.

Constellium N.V. (NYSE:CSTM) last posted its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.08. Constellium N.V. had a negative return on equity of 4.31% and a net margin of 0.48%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company posted $0.08 earnings per share. The business’s revenue was up 12.1% compared to the same quarter last year. Analysts expect that Constellium N.V. will post $0.61 earnings per share for the current fiscal year.

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Several brokerages recently issued reports on CSTM. Seaport Global Securities downgraded Constellium N.V. from a “buy” rating to a “neutral” rating and increased their price target for the company from $8.00 to $9.00 in a report on Friday, July 28th. BidaskClub upgraded Constellium N.V. from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Cowen and Company increased their price target on Constellium N.V. from $6.00 to $8.30 and gave the company a “market perform” rating in a report on Monday, July 31st. Finally, BMO Capital Markets set a $9.00 price target on Constellium N.V. and gave the company a “hold” rating in a report on Friday, July 28th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $8.77.

Constellium N.V. Company Profile

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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Institutional Ownership by Quarter for Constellium N.V. (NYSE:CSTM)

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