Investors Purchase High Volume of Constellium Put Options (NYSE:CSTM)

Constellium SE (NYSE:CSTMGet Rating) saw unusually large options trading activity on Wednesday. Stock traders bought 11,016 put options on the company. This represents an increase of approximately 207% compared to the average volume of 3,588 put options.

Constellium Stock Performance

CSTM opened at $12.96 on Thursday. The firm’s 50-day moving average price is $13.83 and its 200-day moving average price is $15.50. The company has a market cap of $1.81 billion, a P/E ratio of 6.75 and a beta of 1.92. Constellium has a 52-week low of $11.79 and a 52-week high of $20.88. The company has a quick ratio of 0.57, a current ratio of 1.21 and a debt-to-equity ratio of 3.23.

Constellium (NYSE:CSTMGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The industrial products company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.44 by $0.12. Constellium had a return on equity of 72.41% and a net margin of 3.41%. The business had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.04 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. The business’s quarterly revenue was up 49.9% compared to the same quarter last year. As a group, equities analysts anticipate that Constellium will post 1.8 EPS for the current fiscal year.

Institutional Trading of Constellium

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Parallax Volatility Advisers L.P. purchased a new position in shares of Constellium in the 4th quarter valued at about $306,000. Bank of New York Mellon Corp boosted its stake in shares of Constellium by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 3,370,364 shares of the industrial products company’s stock valued at $60,665,000 after buying an additional 33,213 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Constellium in the fourth quarter valued at approximately $361,000. Marshall Wace LLP purchased a new stake in Constellium during the fourth quarter worth $71,144,000. Finally, TD Asset Management Inc. boosted its position in Constellium by 104.6% during the fourth quarter. TD Asset Management Inc. now owns 297,868 shares of the industrial products company’s stock worth $5,335,000 after purchasing an additional 152,307 shares in the last quarter. 94.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, cut shares of Constellium from a “buy” rating to a “hold” rating in a research report on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Constellium has a consensus rating of “Moderate Buy” and an average target price of $24.00.

About Constellium

(Get Rating)

Constellium SE, together with its subsidiaries, engages in the design, manufacture, and sale of specialty rolled and extruded aluminum products for the packaging, aerospace, and automotive end-markets. The company operates through three segments: Packaging & Automotive Rolled Products, Aerospace & Transportation, and Automotive Structures & Industry.

Featured Stories

Receive News & Ratings for Constellium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Constellium and related companies with's FREE daily email newsletter.