Daruma Capital Management Lowers stake in A Schulman Inc (SHLM)

A Schulman Inc (SHLM) : Daruma Capital Management reduced its stake in A Schulman Inc by 0.94% during the most recent quarter end. The investment management company now holds a total of 1,920,766 shares of A Schulman Inc which is valued at $64,441,699 after selling 18,192 shares in A Schulman Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.A Schulman Inc makes up approximately 3.75% of Daruma Capital Management’s portfolio.

Other Hedge Funds, Including , Gsa Capital Partners Llp added SHLM to its portfolio by purchasing 12,708 company shares during the most recent quarter which is valued at $426,353. A Schulman Inc makes up approx 0.02% of Gsa Capital Partners Llp’s portfolio. Acrospire Investment Management sold out all of its stake in SHLM during the most recent quarter. The investment firm sold 1,062 shares of SHLM which is valued $33,506.Alliancebernstein reduced its stake in SHLM by selling 544,419 shares or 93.67% in the most recent quarter. The Hedge Fund company now holds 36,775 shares of SHLM which is valued at $1,160,251.Ls Investment Advisors boosted its stake in SHLM in the latest quarter, The investment management firm added 129 additional shares and now holds a total of 1,069 shares of A Schulman Inc which is valued at $31,429.

A Schulman Inc closed down -0.15 points or -0.47% at $31.9 with 4,42,220 shares getting traded on Monday. Post opening the session at $32.1, the shares hit an intraday low of $31.25 and an intraday high of $32.15 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, A Schulman Inc reported $0.47 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Oct 26, 2016. Analyst had a consensus of $0.32. The company had revenue of $604.60 million for the quarter, compared to analysts expectations of $584.92 million. The company’s revenue was down -10.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.64 EPS.

Many Wall Street Analysts have commented on A Schulman Inc. Seaport Global Securities Downgraded A Schulman Inc on Nov 17, 2016 to ” Neutral”, Price Target of the shares are set at $33.A Schulman Inc was Downgraded by Northcoast to ” Neutral” on Oct 28, 2016. A Schulman Inc was Upgraded by Gabelli & Co to ” Buy” on Oct 4, 2016.

A. Schulman Inc. is a supplier of plastic formulations resins and services. The Company’s segments include Europe Middle East and Africa (EMEA); United States & Canada (USCAN); Latin America (LATAM); Asia Pacific (APAC) and Engineered Composites (EC). The Company operates in six product families: custom performance colors (CPC) engineered composites masterbatch solutions engineered plastics specialty powders and distribution services. The Company offers powdered pelletized and liquid color concentrates that are designed to enhance thermoplastic resins. The Company’s distribution services offerings include specialty polymers for all processing types including injection molding blow molding thermoforming and film and sheet extruding. 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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