A. Schulman, Inc. (SHLM) Short Interest Down 33.9% in October

A. Schulman, Inc. (NASDAQ:SHLM) saw a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 523,782 shares, a decline of 33.9% from the October 13th total of 792,766 shares. Approximately 1.8% of the company’s shares are sold short. Based on an average trading volume of 193,245 shares, the days-to-cover ratio is presently 2.7 days.

A number of hedge funds and other institutional investors have recently modified their holdings of SHLM. BlackRock Inc. raised its position in A. Schulman by 45,121.7% during the 1st quarter. BlackRock Inc. now owns 3,588,792 shares of the basic materials company’s stock valued at $112,868,000 after purchasing an additional 3,580,856 shares in the last quarter. Royce & Associates LP raised its position in shares of A. Schulman by 77.2% in the 2nd quarter. Royce & Associates LP now owns 559,015 shares of the basic materials company’s stock worth $17,888,000 after acquiring an additional 243,479 shares in the last quarter. Vanguard Group Inc. raised its position in shares of A. Schulman by 8.7% in the 2nd quarter. Vanguard Group Inc. now owns 2,885,838 shares of the basic materials company’s stock worth $92,346,000 after acquiring an additional 231,248 shares in the last quarter. Koch Industries Inc. bought a new position in shares of A. Schulman in the 2nd quarter worth $217,000. Finally, Goldman Sachs Group Inc. raised its position in shares of A. Schulman by 294.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 280,629 shares of the basic materials company’s stock worth $8,980,000 after acquiring an additional 209,446 shares in the last quarter. 79.29% of the stock is owned by institutional investors and hedge funds.

Shares of A. Schulman (NASDAQ:SHLM) opened at $37.20 on Tuesday. The company has a current ratio of 1.68, a quick ratio of 1.09 and a debt-to-equity ratio of 4.28. The firm has a market capitalization of $1,098.87, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 1.83 and a beta of 1.60. A. Schulman has a 1 year low of $25.00 and a 1 year high of $39.85.

A. Schulman (NASDAQ:SHLM) last issued its earnings results on Wednesday, October 25th. The basic materials company reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.07. The business had revenue of $646.65 million during the quarter, compared to analyst estimates of $624.91 million. A. Schulman had a return on equity of 31.20% and a net margin of 1.35%. A. Schulman’s revenue was up 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 EPS. equities research analysts predict that A. Schulman will post 2.07 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 24th were given a dividend of $0.205 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Monday, October 23rd. A. Schulman’s dividend payout ratio (DPR) is presently 94.25%.

A number of equities analysts recently issued reports on SHLM shares. ValuEngine upgraded A. Schulman from a “hold” rating to a “buy” rating in a report on Saturday, August 12th. Zacks Investment Research cut A. Schulman from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. BidaskClub upgraded A. Schulman from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. TheStreet raised A. Schulman from a “c-” rating to a “b-” rating in a research report on Tuesday, November 7th. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating on shares of A. Schulman in a research report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. A. Schulman has a consensus rating of “Buy” and a consensus target price of $37.00.

COPYRIGHT VIOLATION WARNING: This story was originally published by Markets Daily and is the property of of Markets Daily. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.themarketsdaily.com/2017/11/14/a-schulman-inc-shlm-short-interest-down-33-9-in-october.html.

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.

Receive News & Ratings for A. Schulman Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for A. Schulman Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply