Martingale Asset Management L P Reduces Position in A. Schulman, Inc. (SHLM)

Martingale Asset Management L P reduced its position in shares of A. Schulman, Inc. (NASDAQ:SHLM) by 0.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 102,830 shares of the basic materials company’s stock after selling 398 shares during the period. Martingale Asset Management L P owned about 0.35% of A. Schulman worth $3,291,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SHLM. Teachers Advisors LLC raised its position in shares of A. Schulman by 8.6% during the 4th quarter. Teachers Advisors LLC now owns 49,876 shares of the basic materials company’s stock valued at $1,668,000 after acquiring an additional 3,953 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of A. Schulman by 8.4% during the 1st quarter. Capstone Asset Management Co. now owns 7,707 shares of the basic materials company’s stock valued at $242,000 after acquiring an additional 598 shares in the last quarter. Louisiana State Employees Retirement System raised its position in shares of A. Schulman by 1.7% during the 1st quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the basic materials company’s stock valued at $377,000 after acquiring an additional 200 shares in the last quarter. Strs Ohio raised its position in shares of A. Schulman by 4.4% during the 1st quarter. Strs Ohio now owns 26,200 shares of the basic materials company’s stock valued at $823,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of A. Schulman by 15.9% during the 1st quarter. Wells Fargo & Company MN now owns 617,894 shares of the basic materials company’s stock valued at $19,433,000 after acquiring an additional 84,541 shares in the last quarter. 84.22% of the stock is currently owned by institutional investors and hedge funds.

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SHLM has been the topic of several research reports. 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 report on Friday, August 25th. ValuEngine raised A. Schulman from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. Zacks Investment Research raised A. Schulman from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. Finally, BidaskClub raised A. Schulman from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $35.33.

A. Schulman, Inc. (NASDAQ:SHLM) opened at 31.05 on Friday. The company’s market capitalization is $913.49 million. The company’s 50-day moving average price is $29.10 and its 200-day moving average price is $29.94. A. Schulman, Inc. has a 52 week low of $25.00 and a 52 week high of $37.70.

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

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

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