Weber Alan W Has $3.48 Million Position in Shiloh Industries, Inc. (SHLO)
Weber Alan W increased its stake in shares of Shiloh Industries, Inc. (NASDAQ:SHLO) by 0.9% during the second quarter, Holdings Channel reports. The institutional investor owned 296,679 shares of the basic materials company’s stock after buying an additional 2,521 shares during the period. Shiloh Industries makes up approximately 1.9% of Weber Alan W’s investment portfolio, making the stock its 14th largest position. Weber Alan W’s holdings in Shiloh Industries were worth $3,483,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new stake in Shiloh Industries during the second quarter valued at $105,000. Eagle Global Advisors LLC raised its stake in Shiloh Industries by 22.3% in the second quarter. Eagle Global Advisors LLC now owns 22,050 shares of the basic materials company’s stock valued at $259,000 after buying an additional 4,020 shares in the last quarter. Strs Ohio bought a new stake in Shiloh Industries during the second quarter valued at $535,000. Acadian Asset Management LLC raised its stake in Shiloh Industries by 50.5% in the second quarter. Acadian Asset Management LLC now owns 77,491 shares of the basic materials company’s stock valued at $910,000 after buying an additional 26,012 shares in the last quarter. Finally, Algert Global LLC raised its stake in Shiloh Industries by 36.0% in the second quarter. Algert Global LLC now owns 123,479 shares of the basic materials company’s stock valued at $1,450,000 after buying an additional 32,654 shares in the last quarter. Institutional investors own 19.06% of the company’s stock.
Shares of Shiloh Industries, Inc. (NASDAQ SHLO) opened at 7.75 on Thursday. The company has a market capitalization of $138.52 million, a price-to-earnings ratio of 20.39 and a beta of 2.16. Shiloh Industries, Inc. has a 1-year low of $6.50 and a 1-year high of $16.69. The stock has a 50 day moving average price of $9.88 and a 200 day moving average price of $12.25.
Shiloh Industries (NASDAQ:SHLO) last released its quarterly earnings results on Thursday, June 1st. The basic materials company reported $0.36 earnings per share for the quarter. Shiloh Industries had a net margin of 0.68% and a return on equity of 11.38%. The company had revenue of $273.03 million during the quarter. Analysts forecast that Shiloh Industries, Inc. will post $1.60 earnings per share for the current year.
Several research firms have recently weighed in on SHLO. TheStreet lowered Shiloh Industries from a “c” rating to a “d+” rating in a research note on Wednesday, May 17th. ValuEngine lowered Shiloh Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th.
In other news, major shareholder Mtd Holdings Inc sold 500,000 shares of Shiloh Industries stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $7.76, for a total value of $3,880,000.00. Following the completion of the sale, the insider now directly owns 7,300,866 shares in the company, valued at $56,654,720.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 51.70% of the stock is currently owned by insiders.
About Shiloh Industries
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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