Bank of New York Mellon Corp Has $1.22 Million Stake in Shiloh Industries, Inc. (SHLO)

Bank of New York Mellon Corp lifted its stake in shares of Shiloh Industries, Inc. (NASDAQ:SHLO) by 139.8% in the 3rd quarter, Holdings Channel reports. The firm owned 116,909 shares of the basic materials company’s stock after buying an additional 68,154 shares during the quarter. Bank of New York Mellon Corp’s holdings in Shiloh Industries were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. purchased a new stake in shares of Shiloh Industries during the second quarter worth approximately $105,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Shiloh Industries during the third quarter worth approximately $136,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Shiloh Industries during the second quarter worth approximately $141,000. Virtu KCG Holdings LLC purchased a new stake in shares of Shiloh Industries during the second quarter worth approximately $157,000. Finally, Shaker Investments LLC OH purchased a new stake in shares of Shiloh Industries during the third quarter worth approximately $180,000. Institutional investors and hedge funds own 42.23% of the company’s stock.

Shares of Shiloh Industries, Inc. (SHLO) opened at $7.80 on Friday. Shiloh Industries, Inc. has a 52 week low of $6.88 and a 52 week high of $16.69. The company has a current ratio of 1.39, a quick ratio of 1.07 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $179.44, a P/E ratio of -390.00 and a beta of 2.10.

Shiloh Industries (NASDAQ:SHLO) last released its quarterly earnings results on Friday, January 5th. The basic materials company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.06). Shiloh Industries had a positive return on equity of 6.64% and a negative net margin of 0.07%. The company had revenue of $264.20 million for the quarter, compared to analysts’ expectations of $265.32 million. research analysts forecast that Shiloh Industries, Inc. will post 0.6 EPS for the current fiscal year.

In other Shiloh Industries news, Director Jean Brunol sold 5,000 shares of the stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $10.20, for a total value of $51,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 51.40% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was reported by Markets Daily and is the property of of Markets Daily. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://www.themarketsdaily.com/2018/01/12/bank-of-new-york-mellon-corp-has-1-22-million-stake-in-shiloh-industries-inc-shlo.html.

Shiloh Industries Company Profile

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.

Want to see what other hedge funds are holding SHLO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shiloh Industries, Inc. (NASDAQ:SHLO).

Institutional Ownership by Quarter for Shiloh Industries (NASDAQ:SHLO)

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

Latest News

Leave a Reply