Constellium Sees Unusually High Options Volume (NYSE:CSTM)

Constellium SE (NYSE:CSTM) saw some unusual options trading on Tuesday. Traders purchased 2,035 put options on the company. This represents an increase of 244% compared to the average volume of 591 put options.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft restated 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 upgraded shares of Constellium from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $17.00 to $25.00 in a research report on Tuesday, January 13th. Weiss Ratings restated a “hold (c)” rating on shares of Constellium in a research note on Monday, December 29th. JPMorgan Chase & Co. boosted their price objective on Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, October 30th. Finally, Wall Street Zen raised Constellium from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $24.00.

Institutional Trading of Constellium

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Constellium by 29.7% during the fourth quarter. GAMMA Investing LLC now owns 3,089 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 707 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Constellium by 1.3% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 78,027 shares of the industrial products company’s stock valued at $1,038,000 after purchasing an additional 1,006 shares in the last quarter. Rockingstone Advisors LLC grew its stake in shares of Constellium by 0.6% in the 3rd quarter. Rockingstone Advisors LLC now owns 214,762 shares of the industrial products company’s stock worth $3,196,000 after purchasing an additional 1,285 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Constellium by 1.0% in the 3rd quarter. Alliancebernstein L.P. now owns 157,750 shares of the industrial products company’s stock worth $2,347,000 after purchasing an additional 1,500 shares in the last quarter. Finally, SummerHaven Investment Management LLC raised its holdings in shares of Constellium by 3.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 43,791 shares of the industrial products company’s stock worth $582,000 after purchasing an additional 1,659 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Trading Down 0.7%

Shares of NYSE:CSTM opened at $22.00 on Wednesday. The company has a 50 day moving average of $18.39 and a 200-day moving average of $16.05. The company has a current ratio of 1.28, a quick ratio of 0.54 and a debt-to-equity ratio of 2.29. The firm has a market cap of $3.03 billion, a P/E ratio of 27.85 and a beta of 1.52. Constellium has a twelve month low of $7.32 and a twelve month high of $23.00.

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

Constellium Company Profile

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.