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

Constellium SE (NYSE:CSTMGet Free Report) was the target of some unusual options trading activity on Wednesday. Stock investors acquired 20,950 put options on the stock. This is an increase of approximately 1,865% compared to the average volume of 1,066 put options.

Analyst Ratings Changes

CSTM has been the subject of several analyst reports. Benchmark reissued a “buy” rating and set a $24.00 price target on shares of Constellium in a report on Friday, April 19th. JPMorgan Chase & Co. cut their target price on Constellium from $28.00 to $27.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $25.40.

Read Our Latest Research Report on CSTM

Institutional Trading of Constellium

Large investors have recently bought and sold shares of the company. Spire Wealth Management raised its stake in shares of Constellium by 11.2% during the 3rd quarter. Spire Wealth Management now owns 10,338 shares of the industrial products company’s stock worth $188,000 after buying an additional 1,042 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Constellium by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,244,695 shares of the industrial products company’s stock valued at $22,653,000 after acquiring an additional 24,940 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Constellium by 6.5% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 367,900 shares of the industrial products company’s stock worth $6,696,000 after purchasing an additional 22,400 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of Constellium by 167.2% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,406,054 shares of the industrial products company’s stock valued at $25,590,000 after buying an additional 879,922 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Constellium by 16.0% during the third quarter. Deutsche Bank AG now owns 82,905 shares of the industrial products company’s stock valued at $1,509,000 after buying an additional 11,425 shares during the period. Institutional investors and hedge funds own 92.59% of the company’s stock.

Constellium Stock Down 2.9 %

Shares of NYSE CSTM opened at $19.85 on Friday. The company has a quick ratio of 0.58, a current ratio of 1.31 and a debt-to-equity ratio of 2.01. The firm has a 50-day moving average price of $21.13 and a 200 day moving average price of $19.77. Constellium has a 52 week low of $14.12 and a 52 week high of $23.20. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 22.60 and a beta of 1.69.

Constellium (NYSE:CSTMGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.15). The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.71 billion. Constellium had a net margin of 1.73% and a return on equity of 15.68%. Equities research analysts anticipate that Constellium will post 1.77 EPS for the current fiscal year.

About Constellium

(Get Free Report)

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.

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