Sei Investments Co. grew its holdings in A. Schulman, Inc. (NASDAQ:SHLM) by 1,539.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,162 shares of the basic materials company’s stock after acquiring an additional 7,664 shares during the quarter. Sei Investments Co.’s holdings in A. Schulman were worth $261,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Miles Capital Inc. lifted its holdings in A. Schulman by 0.3% in the first quarter. Miles Capital Inc. now owns 7,094 shares of the basic materials company’s stock valued at $223,000 after acquiring an additional 22 shares during the period. Fifth Third Bancorp lifted its holdings in A. Schulman by 0.3% in the first quarter. Fifth Third Bancorp now owns 13,272 shares of the basic materials company’s stock valued at $417,000 after acquiring an additional 46 shares during the period. State of Alaska Department of Revenue lifted its holdings in A. Schulman by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 3,250 shares of the basic materials company’s stock valued at $102,000 after acquiring an additional 90 shares during the period. Texas Permanent School Fund lifted its holdings in A. Schulman by 0.8% in the second quarter. Texas Permanent School Fund now owns 21,486 shares of the basic materials company’s stock valued at $688,000 after acquiring an additional 179 shares during the period. Finally, Ironwood Investment Management LLC increased its position in shares of A. Schulman by 0.5% in the first quarter. Ironwood Investment Management LLC now owns 39,645 shares of the basic materials company’s stock valued at $1,247,000 after buying an additional 195 shares in the last quarter. 84.22% of the stock is owned by institutional investors and hedge funds.
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A number of analysts have recently commented on SHLM shares. Zacks Investment Research cut A. Schulman from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 24th. ValuEngine cut A. Schulman from a “buy” rating to a “hold” rating in a research report on Monday, August 28th. Longbow Research upgraded A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Friday, August 25th. Finally, BidaskClub upgraded A. Schulman from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. A. Schulman has a consensus rating of “Hold” and a consensus price target of $35.33.
Shares of A. Schulman, Inc. (SHLM) opened at 31.05 on Friday. The company’s 50 day moving average price is $29.10 and its 200 day moving average price is $29.94. The stock’s market capitalization is $913.49 million. A. Schulman, Inc. has a 12 month low of $25.00 and a 12 month high of $37.70.
A. Schulman (NASDAQ:SHLM) last released its earnings results on Wednesday, June 28th. The basic materials company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.02). A. Schulman had a negative net margin of 14.86% and a positive return on equity of 35.64%. The company had revenue of $645.80 million during the quarter, compared to the consensus estimate of $619.54 million. During the same quarter in the previous year, the business posted $0.79 EPS. The firm’s quarterly revenue was down .7% on a year-over-year basis. Equities analysts anticipate that A. Schulman, Inc. will post $1.66 earnings per share for the current fiscal year.
About A. Schulman
A. Schulman, Inc is an international supplier of plastic formulations, resins and services, and provides solutions to its customers’ requirements through custom-formulated products. The Company’s customers span a range of markets, such as packaging, mobility, building and construction, electronics and electrical, agriculture, personal care and hygiene, custom services, and sports, home and leisure.
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