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. Investors bought 13,188 call options on the company. This represents an increase of approximately 600% compared to the average daily volume of 1,885 call options.

Analysts Set New Price Targets

CSTM has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their price target on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of 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 dropped their price objective on shares of Constellium from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, October 10th. Six equities 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.

Hedge Funds Weigh In On Constellium

Hedge funds have recently bought and sold shares of the business. CWM LLC increased its position in Constellium by 81.1% during the second quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 676 shares during the period. Blue Trust Inc. increased its position in Constellium by 863.5% during the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 1,753 shares during the period. Point72 DIFC Ltd bought a new position in Constellium during the second quarter worth about $85,000. Quarry LP increased its position in Constellium by 290.0% during the second quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 3,735 shares during the period. Finally, Signaturefd LLC increased its position in Constellium by 16.0% during the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock worth $127,000 after acquiring an additional 933 shares during the period. 92.59% of the stock is owned by institutional investors.

Constellium Price Performance

Shares of CSTM opened at $14.93 on Wednesday. The firm has a market capitalization of $2.15 billion, a PE ratio of 16.59 and a beta of 1.59. The company’s 50-day moving average is $15.92 and its 200-day moving average is $18.31. Constellium has a fifty-two week low of $14.12 and a fifty-two week high of $23.20. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.33 and a quick ratio of 0.60.

Constellium (NYSE:CSTM) last released its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $1.89 billion. During the same period last year, the firm earned $0.35 earnings per share. Constellium’s revenue for the quarter was down 7.9% compared to the same quarter last year. Equities analysts forecast that Constellium will post 1.54 EPS for the current year.

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.