Constellium Sees Unusually High Options Volume (NYSE:CSTM)

Constellium SE (NYSE:CSTM) was the recipient of unusually large options trading on Tuesday. Traders acquired 13,188 call options on the stock. This represents an increase of approximately 600% compared to the average volume of 1,885 call options.

Constellium Price Performance

Shares of CSTM traded up $0.45 during mid-day trading on Tuesday, reaching $14.59. The company had a trading volume of 646,375 shares, compared to its average volume of 970,346. The company’s 50 day simple moving average is $15.94 and its 200 day simple moving average is $18.36. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of 15.71 and a beta of 1.59. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.60 and a current ratio of 1.33. Constellium has a 1-year low of $14.12 and a 1-year high of $23.20.

Constellium (NYSE:CSTM) last posted its earnings results on Tuesday, July 23rd. The industrial products company reported $0.48 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.89 billion. During the same period last year, the company earned $0.35 earnings per share. The business’s quarterly revenue was down 7.9% on a year-over-year basis. Analysts expect that Constellium will post 1.54 EPS for the current year.

Institutional Trading of Constellium

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of Constellium by 81.1% during the 2nd quarter. CWM LLC now owns 1,510 shares of the industrial products company’s stock worth $28,000 after buying an additional 676 shares during the period. Blue Trust Inc. increased its stake in Constellium by 863.5% in the third quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,753 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Constellium in the second quarter valued at $85,000. Quarry LP raised its holdings in shares of Constellium by 290.0% during the second quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock valued at $95,000 after purchasing an additional 3,735 shares during the period. Finally, Signaturefd LLC boosted its position in shares of Constellium by 16.0% during the 2nd quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company’s stock worth $127,000 after purchasing an additional 933 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CSTM. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Constellium from $23.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. JPMorgan Chase & Co. dropped their price target on shares of Constellium from $25.00 to $24.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, BMO Capital Markets reduced 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 company has an average rating of “Buy” and an average target price of $23.80.

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.