South Dakota Investment Council Has $352,000 Holdings in A. Schulman, Inc. (SHLM)
South Dakota Investment Council continued to hold its position in A. Schulman, Inc. (NASDAQ:SHLM) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,000 shares of the basic materials company’s stock at the close of the 2nd quarter. South Dakota Investment Council’s holdings in A. Schulman were worth $352,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of SHLM. Royce & Associates LP grew its holdings in shares of A. Schulman by 77.2% in the 2nd quarter. Royce & Associates LP now owns 559,015 shares of the basic materials company’s stock worth $17,888,000 after acquiring an additional 243,479 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of A. Schulman in the 2nd quarter worth $1,633,000. Guyasuta Investment Advisors Inc. grew its holdings in shares of A. Schulman by 13.0% in the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 34,815 shares of the basic materials company’s stock worth $1,114,000 after acquiring an additional 4,000 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of A. Schulman in the 1st quarter worth $1,215,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of A. Schulman by 1.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 17,936 shares of the basic materials company’s stock worth $563,000 after acquiring an additional 319 shares during the last quarter. 84.22% of the stock is currently owned by institutional investors.
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A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded A. Schulman from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub upgraded A. Schulman from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. ValuEngine cut A. Schulman from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Finally, Longbow Research upgraded A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.33.
A. Schulman, Inc. (NASDAQ:SHLM) opened at 31.05 on Friday. A. Schulman, Inc. has a one year low of $25.00 and a one year high of $37.70. The stock’s 50 day moving average price is $29.10 and its 200-day moving average price is $29.94. The stock’s market cap is $913.49 million.
A. Schulman (NASDAQ:SHLM) last posted its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $0.63 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by ($0.02). The company had revenue of $645.80 million during the quarter, compared to analyst estimates of $619.54 million. A. Schulman had a negative net margin of 14.86% and a positive return on equity of 35.64%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.79 EPS. On average, analysts predict that A. Schulman, Inc. will post $1.66 earnings per share for the current 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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