6,900 Shares in A Schulman Inc (SHLM) Acquired by A.R.T. Advisors LLC
A.R.T. Advisors LLC purchased a new stake in shares of A Schulman Inc (NASDAQ:SHLM) during the fourth quarter, Holdings Channel reports. The fund purchased 6,900 shares of the company’s stock, valued at approximately $230,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in A Schulman by 1.1% in the third quarter. PNC Financial Services Group Inc. now owns 4,995 shares of the company’s stock valued at $146,000 after buying an additional 54 shares in the last quarter. Zacks Investment Management purchased a new position in A Schulman during the third quarter valued at $224,000. BlackRock Inc. boosted its position in A Schulman by 2.2% in the third quarter. BlackRock Inc. now owns 8,287 shares of the company’s stock valued at $241,000 after buying an additional 175 shares during the last quarter. Aperio Group LLC purchased a new position in A Schulman during the third quarter valued at $296,000. Finally, Boston Private Wealth LLC boosted its position in A Schulman by 17.2% in the third quarter. Boston Private Wealth LLC now owns 10,434 shares of the company’s stock valued at $304,000 after buying an additional 1,535 shares during the last quarter. 92.28% of the stock is currently owned by institutional investors.
A Schulman Inc (NASDAQ:SHLM) opened at 31.65 on Tuesday. The stock’s market capitalization is $929.34 million. The firm’s 50-day moving average is $33.64 and its 200 day moving average is $31.70. A Schulman Inc has a 52-week low of $19.58 and a 52-week high of $37.70.
A Schulman (NASDAQ:SHLM) last released its quarterly earnings results on Monday, January 9th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.04. A Schulman had a negative net margin of 14.77% and a positive return on equity of 17.93%. The business had revenue of $600 million for the quarter. During the same period last year, the company earned $0.50 earnings per share. A Schulman’s revenue for the quarter was down 7.6% compared to the same quarter last year. On average, equities analysts forecast that A Schulman Inc will post $2.11 earnings per share for the current year.
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Separately, Zacks Investment Research upgraded shares of A Schulman from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research report on Wednesday, January 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. A Schulman has an average rating of “Hold” and a consensus price target of $33.00.
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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