Stock Traders Purchase Large Volume of Constellium Call Options (NYSE:CSTM)

Constellium SE (NYSE:CSTM - Get Free Report) saw unusually large options trading activity on Tuesday. Stock traders purchased 13,188 call options on the stock. This is an increase of approximately 600% compared to the average daily volume of 1,885 call options.

Constellium Stock Up 5.6 %

Shares of CSTM traded up $0.79 during midday trading on Tuesday, hitting $14.93. The company had a trading volume of 2,539,850 shares, compared to its average volume of 979,625. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of 15.71 and a beta of 1.59. The company's 50 day moving average price is $15.94 and its 200 day moving average price is $18.36. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 1.89. Constellium has a 52 week low of $14.12 and a 52 week high of $23.20.

Constellium (NYSE:CSTM - Get Free Report) last released its 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 return on equity of 17.59% and a net margin of 2.35%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter last year, the business posted $0.35 EPS. Constellium's quarterly revenue was down 7.9% compared to the same quarter last year. On average, equities research analysts predict that Constellium will post 1.54 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. CWM LLC raised its stake 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. raised its position in shares of Constellium by 863.5% during the 3rd quarter. Blue Trust Inc. now owns 1,956 shares of the industrial products company's stock worth $32,000 after purchasing an additional 1,753 shares during the period. Point72 DIFC Ltd acquired a new position in Constellium during the 2nd quarter valued at approximately $85,000. Quarry LP grew its stake in Constellium by 290.0% during the 2nd quarter. Quarry LP now owns 5,023 shares of the industrial products company's stock worth $95,000 after buying an additional 3,735 shares during the last quarter. Finally, Signaturefd LLC increased its position in Constellium by 16.0% in the second quarter. Signaturefd LLC now owns 6,752 shares of the industrial products company's stock worth $127,000 after buying an additional 933 shares during the period. 92.59% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on CSTM. JPMorgan Chase & Co. lowered their price objective 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. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Constellium from $23.00 to $22.00 and set a "buy" rating on the stock in a research note on Thursday, October 3rd. Finally, BMO Capital Markets decreased their price objective on shares of Constellium from $24.00 to $22.00 and set an "outperform" rating for the company in a research report on Thursday, October 10th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus 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.