Schweitzer-Mauduit International (SWM) : Lasalle Street Capital Management added new position in Schweitzer-Mauduit International during the most recent quarter end. The investment management firm now holds 6,287 shares of Schweitzer-Mauduit International which is valued at $237,649 , the company said in a statement filed on Jul 19, 2016 with the SEC.Schweitzer-Mauduit International makes up approximately 0.22% of Lasalle Street Capital Management’s portfolio.
Other Hedge Funds, Including , Lasalle Street Capital Management added SWM to its portfolio by purchasing 6,287 company shares during the most recent quarter which is valued at $237,649. Schweitzer-Mauduit International makes up approx 0.22% of Lasalle Street Capital Management’s portfolio.Nisa Investment Advisors boosted its stake in SWM in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 31,500 shares of Schweitzer-Mauduit International which is valued at $1,194,480. Schweitzer-Mauduit International makes up approx 0.02% of Nisa Investment Advisors’s portfolio. Denali Advisors added SWM to its portfolio by purchasing 40 company shares during the most recent quarter which is valued at $1,517.Eqis Capital Management reduced its stake in SWM by selling 4,804 shares or 40.77% in the most recent quarter. The Hedge Fund company now holds 6,979 shares of SWM which is valued at $264,644. Schweitzer-Mauduit International makes up approx 0.02% of Eqis Capital Management’s portfolio. Cutler Group Lp sold out all of its stake in SWM during the most recent quarter. The investment firm sold 1,535 shares of SWM which is valued $57,854.
Schweitzer-Mauduit International closed down -0.12 points or -0.32% at $37.8 with 93,110 shares getting traded on Wednesday. Post opening the session at $37.87, the shares hit an intraday low of $37.4 and an intraday high of $38.06 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Schweitzer-Mauduit International reported $0.80 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.88. The company had revenue of $214.60 million for the quarter, compared to analysts expectations of $217.60 million. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.74 EPS.
Many Wall Street Analysts have commented on Schweitzer-Mauduit International. Schweitzer-Mauduit International was Initiated by Drexel Hamilton to “Buy” on Jun 23, 2016.
Schweitzer-Mauduit International Inc. (SWM) is a producer of specialty papers and resin-based products. The Company manufactures and sells specialty papers which are used in manufacturing ventilated cigarettes and banded papers for the production of lower ignition propensity (LIP) cigarettes and producer of reconstituted tobacco leaf (RTL) used in producing blended cigarettes. The Company operates in three segments: Paper Reconstituted Tobacco and Filtration. It also manufactures resin-based plastic netting through an extrusion process as well as certain meltblown products and machined plastic core tubes. It also manufactures and sells thermoplastic nets nonwovens laminates and extruded components. SWM conducts its business in over 90 countries and operate 16 production locations with facilities in the United States United Kingdom Canada France Luxembourg Russia Brazil China and Poland.