BNP Paribas Arbitrage SA lifted its holdings in A. Schulman, Inc. (NASDAQ:SHLM) by 30.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,551 shares of the basic materials company’s stock after purchasing an additional 3,652 shares during the quarter. BNP Paribas Arbitrage SA owned 0.05% of A. Schulman worth $531,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Royce & Associates LP boosted its stake in A. Schulman by 77.2% during the second quarter. Royce & Associates LP now owns 559,015 shares of the basic materials company’s stock worth $17,888,000 after buying an additional 243,479 shares during the period. Marshall Wace North America L.P. purchased a new position in A. Schulman during the second quarter worth $1,633,000. Guyasuta Investment Advisors Inc. boosted its stake in A. Schulman by 13.0% during the second quarter. Guyasuta Investment Advisors Inc. now owns 34,815 shares of the basic materials company’s stock worth $1,114,000 after buying an additional 4,000 shares during the period. Alpha Windward LLC purchased a new position in A. Schulman during the third quarter worth $535,000. Finally, Stifel Financial Corp boosted its stake in A. Schulman by 16.0% during the second quarter. Stifel Financial Corp now owns 199,682 shares of the basic materials company’s stock worth $6,383,000 after buying an additional 27,562 shares during the period. 79.15% of the stock is owned by hedge funds and other institutional investors.
Several research firms have commented on SHLM. BidaskClub lowered shares of A. Schulman from a “hold” rating to a “sell” rating in a research note on Saturday. TheStreet lowered shares of A. Schulman from a “b-” rating to a “c+” rating in a research note on Wednesday. ValuEngine lowered shares of A. Schulman from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. SunTrust Banks reaffirmed a “hold” rating on shares of A. Schulman in a research note on Friday, October 27th. Finally, Zacks Investment Research raised shares of A. Schulman from a “sell” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research note on Saturday, October 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $39.00.
A. Schulman (NASDAQ:SHLM) last released its earnings results on Wednesday, October 25th. The basic materials company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.07. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. The business had revenue of $646.65 million during the quarter, compared to the consensus estimate of $624.91 million. During the same period last year, the company earned $0.47 earnings per share. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. equities analysts anticipate that A. Schulman, Inc. will post 2.07 EPS for the current fiscal year.
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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