Constellium Sees Unusually High Options Volume (NYSE:CSTM)

Constellium SE (NYSE:CSTM) saw unusually large options trading activity on Thursday. Traders purchased 5,002 put options on the company. This represents an increase of approximately 143% compared to the average daily volume of 2,062 put options.

Hedge Funds Weigh In On Constellium

Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 DIFC Ltd bought a new position in shares of Constellium in the 2nd quarter valued at $85,000. Truist Financial Corp grew its position in Constellium by 61.1% in the second quarter. Truist Financial Corp now owns 37,345 shares of the industrial products company’s stock valued at $704,000 after acquiring an additional 14,165 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Constellium during the second quarter worth about $3,567,000. Quarry LP lifted its holdings in shares of Constellium by 290.0% in the second quarter. Quarry LP now owns 5,023 shares of the industrial products company’s stock worth $95,000 after acquiring an additional 3,735 shares during the last quarter. Finally, Creative Planning boosted its stake in shares of Constellium by 29.7% in the 2nd quarter. Creative Planning now owns 53,613 shares of the industrial products company’s stock valued at $1,011,000 after purchasing an additional 12,273 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.

Constellium Trading Down 3.2 %

Shares of NYSE:CSTM opened at $16.23 on Friday. The business’s 50 day simple moving average is $16.76 and its 200 day simple moving average is $19.23. Constellium has a 1 year low of $14.12 and a 1 year high of $23.20. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.33 and a quick ratio of 0.60. The company has a market capitalization of $2.34 billion, a P/E ratio of 18.62 and a beta of 1.60.

Constellium (NYSE:CSTM) last issued its quarterly 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 analysts’ expectations of $1.89 billion. During the same quarter last year, the business earned $0.35 earnings per share. Constellium’s revenue was down 7.9% on a year-over-year basis. On average, research analysts anticipate that Constellium will post 1.6 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CSTM shares. BMO Capital Markets reduced their price objective on Constellium from $25.00 to $24.00 and set an “outperform” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. reduced their price target on Constellium from $27.00 to $26.00 and set an “overweight” rating for the company in a research note on Thursday, July 11th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Constellium from $24.50 to $24.00 and set a “buy” rating on the stock in a research report on Tuesday, July 16th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $25.00.

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.