Constellium Sees Unusually Large Options Volume (NYSE:CSTM)

Constellium SE (NYSE:CSTM) saw unusually large options trading on Tuesday. Traders acquired 2,539 put options on the company. This is an increase of approximately 35% compared to the typical volume of 1,885 put options.

Constellium Stock Performance

Constellium stock opened at $14.93 on Wednesday. Constellium has a 12-month low of $14.12 and a 12-month high of $23.20. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 1.89. The business’s 50-day moving average price is $15.92 and its two-hundred day moving average price is $18.31. The stock has a market cap of $2.15 billion, a PE ratio of 16.59 and a beta of 1.59.

Constellium (NYSE:CSTM) last announced its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. Constellium had a return on equity of 17.59% and a net margin of 2.35%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period last 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 earnings per share for the current fiscal year.

Institutional Trading of Constellium

A number of hedge funds have recently made changes to their positions in the company. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Constellium by 8.3% in the second 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 acquiring an additional 257,618 shares during the period. Vanguard Group Inc. lifted its stake in shares of Constellium by 10.3% in the first quarter. Vanguard Group Inc. now owns 1,559,907 shares of the industrial products company’s stock worth $34,490,000 after acquiring an additional 145,604 shares during the period. Sei Investments Co. lifted its stake in shares of Constellium by 170.2% in the first quarter. Sei Investments Co. now owns 279,648 shares of the industrial products company’s stock worth $6,183,000 after acquiring an additional 176,158 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Constellium in the first quarter worth approximately $1,106,000. Finally, Acadian Asset Management LLC lifted its stake in shares of Constellium by 26,490.3% in the first quarter. Acadian Asset Management LLC now owns 197,034 shares of the industrial products company’s stock worth $4,348,000 after acquiring an additional 196,293 shares during the period. 92.59% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

About Constellium

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.