Stock Traders Buy High Volume of Put Options on Constellium (NYSE:CSTM)

Constellium SE (NYSE:CSTM) was the recipient of unusually large options trading on Tuesday. Stock investors acquired 2,035 put options on the company. This represents an increase of 244% compared to the typical daily volume of 591 put options.

Institutional Investors Weigh In On Constellium

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in Constellium by 578.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,348 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 2,002 shares during the period. KBC Group NV bought a new stake in shares of Constellium during the second quarter valued at approximately $56,000. GAMMA Investing LLC lifted its holdings in shares of Constellium by 29.7% in the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock worth $58,000 after buying an additional 707 shares in the last quarter. Quarry LP boosted its position in shares of Constellium by 53.7% during the third quarter. Quarry LP now owns 5,610 shares of the industrial products company’s stock worth $83,000 after acquiring an additional 1,960 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in Constellium during the third quarter valued at $85,000. 92.59% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CSTM shares. Weiss Ratings reissued a “hold (c)” rating on shares of Constellium in a research report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $25.00 price target on shares of Constellium in a research report on Thursday, January 8th. Wells Fargo & Company raised Constellium from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $17.00 to $25.00 in a report on Tuesday, January 13th. Zacks Research raised Constellium from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. Finally, Wall Street Zen raised Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.00.

Constellium Stock Performance

NYSE CSTM traded down $0.11 during trading hours on Tuesday, hitting $22.05. The company’s stock had a trading volume of 754,050 shares, compared to its average volume of 1,542,298. Constellium has a 12 month low of $7.32 and a 12 month high of $23.00. The company’s 50 day simple moving average is $18.27 and its two-hundred day simple moving average is $16.00. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.28 and a quick ratio of 0.54. The company has a market cap of $3.04 billion, a P/E ratio of 27.87 and a beta of 1.52.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.25. Constellium had a net margin of 1.42% and a return on equity of 14.33%. The firm had revenue of $2.17 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the business posted $0.02 earnings per share. The business’s revenue for the quarter was up 20.2% on a year-over-year basis. As a group, sell-side analysts expect that Constellium will post 1.1 EPS for the current fiscal year.

About Constellium

Constellium SE is a global leader in the design and manufacture of high-performance aluminum products and solutions. The company serves key markets including aerospace, automotive, and packaging, offering advanced rolled and extruded aluminum sheet, plate and structural components. Its product portfolio encompasses precision-engineered parts for commercial and military aircraft, automotive body structures and closures, beverage and specialty packaging, as well as industrial and structural applications.

Established in 2011 through the consolidation of Rio Tinto Alcan’s rolled-products and engineered-products businesses, Constellium has built a reputation for innovation in lightweighting and sustainability.