OxFORD Asset Management LLP Invests $597,000 in Shiloh Industries, Inc. (SHLO)
OxFORD Asset Management LLP acquired a new stake in Shiloh Industries, Inc. (NASDAQ:SHLO) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 50,827 shares of the basic materials company’s stock, valued at approximately $597,000. OxFORD Asset Management LLP owned approximately 0.28% of Shiloh Industries at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Russell Investments Group Ltd. acquired a new stake in shares of Shiloh Industries in the 2nd quarter valued at $105,000. Virtu KCG Holdings LLC acquired a new stake in shares of Shiloh Industries in the 2nd quarter valued at $157,000. Schwab Charles Investment Management Inc. acquired a new stake in shares of Shiloh Industries in the 2nd quarter valued at $182,000. New York State Common Retirement Fund acquired a new stake in shares of Shiloh Industries in the 2nd quarter valued at $187,000. Finally, Teachers Advisors LLC acquired a new stake in shares of Shiloh Industries in the 2nd quarter valued at $197,000. Institutional investors and hedge funds own 21.71% of the company’s stock.
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Shares of Shiloh Industries, Inc. (SHLO) opened at 10.15 on Wednesday. The firm has a market capitalization of $234.70 million, a price-to-earnings ratio of 33.28 and a beta of 2.15. The stock has a 50 day moving average of $9.60 and a 200-day moving average of $10.73. Shiloh Industries, Inc. has a one year low of $6.50 and a one year high of $16.69.
Shiloh Industries (NASDAQ:SHLO) last announced its earnings results on Tuesday, August 29th. The basic materials company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.02). The firm had revenue of $256.85 million during the quarter, compared to analysts’ expectations of $236.40 million. Shiloh Industries had a net margin of 0.52% and a return on equity of 10.67%. Shiloh Industries’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 earnings per share. On average, equities analysts anticipate that Shiloh Industries, Inc. will post $0.63 earnings per share for the current fiscal year.
In other news, Director Jean Brunol sold 10,189 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $10.37, for a total value of $105,659.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 51.40% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Shiloh Industries in a report on Wednesday, August 16th. They issued an “outperform” rating and a $11.00 price objective on the stock. Bank of America Corporation assumed coverage on shares of Shiloh Industries in a report on Thursday, September 7th. They issued a “neutral” rating and a $9.50 price objective on the stock. Finally, ValuEngine lowered shares of Shiloh Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th.
Shiloh Industries Company Profile
Shiloh Industries, Inc is a supplier of lightweighting, noise and vibration solutions to the automotive, commercial vehicle and industrial markets. The Company operates through Automotive and Commercial Vehicles segment. The Company offers portfolio of lightweighting solutions in aluminum, magnesium, steel and high strength steel alloys.
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