Traders Purchase Large Volume of Call Options on Constellium (NYSE:CSTM)

Constellium SE (NYSE:CSTM) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 13,188 call options on the stock. This is an increase of 600% compared to the typical daily volume of 1,885 call options.

Constellium Trading Up 5.6 %

CSTM opened at $14.93 on Wednesday. The company’s 50 day moving average is $15.92 and its 200-day moving average is $18.31. Constellium has a 1-year low of $14.12 and a 1-year high of $23.20. The company has a current ratio of 1.33, a quick ratio of 0.60 and a debt-to-equity ratio of 1.89. The company has a market cap of $2.15 billion, a P/E ratio of 16.59 and a beta of 1.59.

Constellium (NYSE:CSTM) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. Constellium had a net margin of 2.35% and a return on equity of 17.59%. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the company earned $0.35 EPS. The firm’s revenue was down 7.9% compared to the same quarter last year. Equities research analysts predict that Constellium will post 1.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Constellium from $23.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. JPMorgan Chase & Co. reduced their price target on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Finally, BMO Capital Markets reduced their price target on shares of Constellium from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, October 10th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $23.80.

Institutional Investors Weigh In On Constellium

Hedge funds have recently added to or reduced their stakes in the business. Vaughan Nelson Investment Management L.P. boosted its position in Constellium by 8.3% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,360,198 shares of the industrial products company’s stock worth $63,339,000 after buying an additional 257,618 shares during the period. Vanguard Group Inc. boosted its position in Constellium by 10.3% during the 1st quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock worth $34,490,000 after buying an additional 145,604 shares during the period. Sei Investments Co. boosted its position in Constellium by 170.2% during the 1st quarter. Sei Investments Co. now owns 279,648 shares of the industrial products company’s stock worth $6,183,000 after buying an additional 176,158 shares during the period. Lazard Asset Management LLC acquired a new stake in Constellium during the 1st quarter worth approximately $1,106,000. Finally, Acadian Asset Management LLC boosted its position in Constellium by 26,490.3% during the 1st quarter. Acadian Asset Management LLC now owns 197,034 shares of the industrial products company’s stock worth $4,348,000 after buying an additional 196,293 shares during the period. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Company 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.