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

Constellium N.V. (NYSE:CSTM) was the target of some unusual options trading on Thursday. Stock traders bought 3,911 call options on the company. This is an increase of approximately 2,776% compared to the average volume of 136 call options.

Constellium (CSTM) opened at $12.35 on Tuesday. The firm has a market cap of $1,303.94, a P/E ratio of 38.59 and a beta of 0.68. The company has a current ratio of 1.24, a quick ratio of 0.70 and a debt-to-equity ratio of -4.43. Constellium has a one year low of $5.35 and a one year high of $12.45.

Constellium (NYSE:CSTM) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Constellium had a net margin of 0.61% and a negative return on equity of 5.81%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. equities research analysts expect that Constellium will post 0.59 EPS for the current fiscal year.

Several analysts have issued reports on the stock. BidaskClub upgraded shares of Constellium from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. ValuEngine lowered shares of Constellium from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Cowen set a $13.00 target price on shares of Constellium and gave the stock a “buy” rating in a report on Tuesday, December 12th. Morgan Stanley upgraded shares of Constellium from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 16th. Finally, BMO Capital Markets set a $13.00 target price on shares of Constellium and gave the stock a “hold” rating in a report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $11.67.

Institutional investors have recently modified their holdings of the company. Quantitative Systematic Strategies LLC purchased a new position in shares of Constellium during the 3rd quarter worth $135,000. Quantum Capital Management boosted its stake in shares of Constellium by 37.7% during the 2nd quarter. Quantum Capital Management now owns 23,080 shares of the industrial products company’s stock worth $159,000 after acquiring an additional 6,324 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Constellium during the 3rd quarter worth $187,000. Macquarie Group Ltd. purchased a new position in shares of Constellium during the 3rd quarter worth $227,000. Finally, Fox Run Management L.L.C. boosted its stake in shares of Constellium by 138.2% during the 3rd quarter. Fox Run Management L.L.C. now owns 37,400 shares of the industrial products company’s stock worth $383,000 after acquiring an additional 21,700 shares during the last quarter. Institutional investors and hedge funds own 56.75% of the company’s stock.

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About Constellium

Constellium N.V. is a Netherlands-based company engaged in developing aluminum products for a range of markets and applications, including aerospace, automotive and packaging. The Company’s manufacturing facilities are located in the United States, Europe and China. It operates through three segments: Packaging & Automotive Rolled Product; Aerospace & Transportation, and Automotive Structures & Industry.

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