A. Schulman, Inc. (SHLM) Shares Sold by Russell Investments Group Ltd.
Russell Investments Group Ltd. lessened its holdings in shares of A. Schulman, Inc. (NASDAQ:SHLM) by 63.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 167,108 shares of the basic materials company’s stock after selling 289,921 shares during the quarter. Russell Investments Group Ltd. owned about 0.57% of A. Schulman worth $5,707,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of the company. Teachers Advisors LLC lifted its position in A. Schulman by 4.9% in the 1st quarter. Teachers Advisors LLC now owns 52,344 shares of the basic materials company’s stock worth $1,646,000 after buying an additional 2,468 shares during the last quarter. State Street Corp lifted its position in A. Schulman by 7.0% in the 1st quarter. State Street Corp now owns 679,525 shares of the basic materials company’s stock worth $21,367,000 after buying an additional 44,690 shares during the last quarter. US Bancorp DE lifted its position in A. Schulman by 23.4% in the 2nd quarter. US Bancorp DE now owns 3,486 shares of the basic materials company’s stock worth $111,000 after buying an additional 661 shares during the last quarter. Strs Ohio lifted its position in A. Schulman by 6.5% in the 2nd quarter. Strs Ohio now owns 27,900 shares of the basic materials company’s stock worth $892,000 after buying an additional 1,700 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in A. Schulman by 4.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 43,842 shares of the basic materials company’s stock worth $1,401,000 after buying an additional 1,786 shares during the last quarter. Hedge funds and other institutional investors own 79.15% of the company’s stock.
A. Schulman, Inc. (NASDAQ SHLM) opened at $36.60 on Monday. The company has a debt-to-equity ratio of 4.28, a current ratio of 1.68 and a quick ratio of 1.09. The company has a market capitalization of $1,079.70, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 1.80 and a beta of 1.57. A. Schulman, Inc. has a 12 month low of $25.00 and a 12 month high of $39.85.
A. Schulman (NASDAQ:SHLM) last announced its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.07. The business had revenue of $646.65 million for the quarter, compared to analysts’ expectations of $624.91 million. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. The business’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. equities analysts predict that A. Schulman, Inc. will post 2.07 earnings per share for the current fiscal year.
A number of analysts recently weighed in on the company. ValuEngine downgraded A. Schulman from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Zacks Investment Research cut A. Schulman from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 24th. Longbow Research raised A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, August 25th. BidaskClub cut A. Schulman from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, TheStreet cut A. Schulman from a “b-” rating to a “c+” rating in a research note on Wednesday, December 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $39.00.
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A. Schulman Company Profile
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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