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, StockNews.com 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

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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.

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