Systematic Financial Management LP Increases Holdings in A. Schulman, Inc. (SHLM)

Systematic Financial Management LP grew its position in A. Schulman, Inc. (NASDAQ:SHLM) by 7.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,530 shares of the basic materials company’s stock after acquiring an additional 4,065 shares during the quarter. Systematic Financial Management LP owned 0.19% of A. Schulman worth $1,809,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. State of Alaska Department of Revenue lifted its position in shares of A. Schulman by 2.8% in the 1st quarter. State of Alaska Department of Revenue now owns 3,250 shares of the basic materials company’s stock worth $102,000 after acquiring an additional 90 shares during the period. US Bancorp DE raised its holdings in shares of 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 in the last quarter. Mason Street Advisors LLC raised its holdings in shares of A. Schulman by 7.3% in the 1st quarter. Mason Street Advisors LLC now owns 6,882 shares of the basic materials company’s stock worth $216,000 after buying an additional 471 shares in the last quarter. Miles Capital Inc. raised its holdings in shares of A. Schulman by 0.3% in the 1st quarter. Miles Capital Inc. now owns 7,094 shares of the basic materials company’s stock worth $223,000 after buying an additional 22 shares in the last quarter. Finally, Bogle Investment Management L P DE acquired a new position in shares of A. Schulman in the 1st quarter worth approximately $224,000. Institutional investors own 84.22% of the company’s stock.

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A. Schulman, Inc. (NASDAQ SHLM) opened at 30.95 on Friday. The firm’s market capitalization is $910.55 million. The stock has a 50 day moving average price of $28.96 and a 200-day moving average price of $29.96. A. Schulman, Inc. has a one year low of $25.00 and a one year high of $37.70.

A. Schulman (NASDAQ:SHLM) last issued its quarterly earnings results on Wednesday, June 28th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.02). The company had revenue of $645.80 million during the quarter, compared to the consensus estimate of $619.54 million. A. Schulman had a negative net margin of 14.86% and a positive return on equity of 35.64%. The company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 earnings per share. On average, equities analysts forecast that A. Schulman, Inc. will post $1.66 earnings per share for the current year.

A number of brokerages have recently issued reports on SHLM. BidaskClub raised A. Schulman from a “strong sell” rating to a “sell” rating in a report on Thursday, August 17th. ValuEngine raised A. Schulman from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Zacks Investment Research raised A. Schulman from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Longbow Research raised A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 target price for the company in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $35.33.

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.

Institutional Ownership by Quarter for A. Schulman (NASDAQ:SHLM)

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