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

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

Analyst Ratings Changes

CSTM has been the subject of several analyst reports. Zacks Research raised Constellium from a “strong sell” rating to a “hold” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. upped their target price on shares of Constellium from $17.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $25.00 price target on shares of Constellium in a research report on Thursday, January 8th. Wall Street Zen raised shares of Constellium from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Finally, Wells Fargo & Company raised Constellium from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $17.00 to $25.00 in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $24.00.

Institutional Trading of Constellium

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its stake in Constellium by 9.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 52,482 shares of the industrial products company’s stock worth $1,038,000 after purchasing an additional 4,636 shares during the period. SG Americas Securities LLC increased its position in shares of Constellium by 9.6% in the fourth quarter. SG Americas Securities LLC now owns 974,735 shares of the industrial products company’s stock valued at $18,374,000 after acquiring an additional 85,447 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Constellium by 33.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 51,113 shares of the industrial products company’s stock valued at $1,017,000 after acquiring an additional 12,726 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of 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 purchasing an additional 707 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Constellium by 10.9% in the third quarter. JPMorgan Chase & Co. now owns 2,407,597 shares of the industrial products company’s stock worth $35,825,000 after purchasing an additional 236,264 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

Constellium Stock Performance

NYSE:CSTM traded down $0.11 during trading hours on Tuesday, reaching $22.05. The stock had a trading volume of 754,050 shares, compared to its average volume of 1,542,298. Constellium has a 12-month low of $7.32 and a 12-month high of $23.00. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.54 and a current ratio of 1.28. The stock has a 50 day simple moving average of $18.27 and a 200 day simple moving average of $16.00. The stock has a market cap of $3.04 billion, a P/E ratio of 27.87 and a beta of 1.52.

Constellium (NYSE:CSTM) last posted its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.25. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.79 billion. Constellium had a return on equity of 14.33% and a net margin of 1.42%.The firm’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.02 EPS. On average, research analysts forecast that Constellium will post 1.1 EPS 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.