Constellium Sees Unusually Large Options Volume (NYSE:CSTM)

Constellium SE (NYSE:CSTM) saw some unusual options trading activity on Tuesday. Stock traders purchased 2,539 put options on the company. This is an increase of approximately 35% compared to the average volume of 1,885 put options.

Constellium Trading Down 28.7 %

Shares of CSTM opened at $10.65 on Thursday. Constellium has a twelve month low of $10.49 and a twelve month high of $23.20. The company has a market cap of $1.54 billion, a P/E ratio of 11.83 and a beta of 1.59. 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’s fifty day simple moving average is $15.82 and its 200-day simple moving average is $18.26.

Constellium (NYSE:CSTM) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 earnings per share for the quarter, beating 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 quarter in the prior year, the firm posted $0.35 earnings per share. The business’s revenue for the quarter was down 7.9% on a year-over-year basis. As a group, analysts expect that Constellium will post 1.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CSTM shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Constellium from $23.00 to $22.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. JPMorgan Chase & Co. decreased 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 decreased 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $23.80.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CSTM. Wellington Management Group LLP increased its stake in Constellium by 8.5% in the 4th quarter. Wellington Management Group LLP now owns 219,641 shares of the industrial products company’s stock worth $4,384,000 after buying an additional 17,171 shares during the period. Los Angeles Capital Management LLC purchased a new position in Constellium in the 1st quarter worth about $272,000. Vaughan Nelson Investment Management L.P. increased its stake in Constellium by 19.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 3,102,580 shares of the industrial products company’s stock worth $68,598,000 after buying an additional 504,421 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Constellium by 464.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 124,067 shares of the industrial products company’s stock worth $2,743,000 after acquiring an additional 102,085 shares in the last quarter. Finally, Saxon Interests Inc. bought a new position in Constellium during the 1st quarter worth about $206,000. Hedge funds and other institutional investors own 92.59% of the company’s stock.

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.