Today, State Board of Administration of Florida Retirement System decides to keep it stake in A. Schulman Inc. (SHLM) to the level of $536,000

Today, State Board of Administration of Florida Retirement System decides to keep it stake in A. Schulman Inc. (SHLM) to the level of $536,000

State Board of Administration of Florida Retirement System decreased its position in A. Schulman Inc. (NASDAQ:SHLM) by 23.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,953 shares of the company’s stock after selling 6,550 shares during the period. State Board of Administration of Florida Retirement System owned 0.07% of A. Schulman worth $536,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SHLM. Daruma Capital Management LLC increased its position in shares of A. Schulman by 12.4% in the first quarter. Daruma Capital Management LLC now owns 1,762,166 shares of the company’s stock worth $47,966,000 after buying an additional 194,822 shares in the last quarter. Norges Bank purchased a new position in shares of A. Schulman during the fourth quarter worth $10,542,000. Foundry Partners LLC purchased a new position in shares of A. Schulman during the second quarter worth $3,174,000. Zebra Capital Management LLC increased its position in shares of A. Schulman by 155.5% in the first quarter. Zebra Capital Management LLC now owns 39,801 shares of the company’s stock worth $1,083,000 after buying an additional 24,222 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in shares of A. Schulman by 0.4% in the first quarter. BlackRock Fund Advisors now owns 1,844,822 shares of the company’s stock worth $50,216,000 after buying an additional 7,059 shares in the last quarter. 89.35% of the stock is owned by institutional investors and hedge funds.

Shares of A. Schulman Inc. (NASDAQ:SHLM) traded up 1.18% on Thursday, hitting $29.06. 88,805 shares of the stock were exchanged. The company has a 50-day moving average price of $26.68 and a 200 day moving average price of $26.31. A. Schulman Inc. has a 12 month low of $19.58 and a 12 month high of $39.05. The company has a market cap of $852.59 million, a PE ratio of 20.17 and a beta of 1.74.

SHLM has been the subject of a number of analyst reports. TheStreet raised shares of A. Schulman from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Zacks Investment Research cut shares of A. Schulman from a “buy” rating to a “hold” rating in a report on Thursday, June 16th. Northcoast Research upgraded shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday, August 26th. Gabelli upgraded shares of A. Schulman from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Longbow Research cut shares of A. Schulman from a “buy” rating to a “neutral” rating in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $35.40.

In other A. Schulman news, Director James A. Mitarotonda acquired 25,000 shares of the business’s stock in a transaction dated Tuesday, August 23rd. The stock was bought at an average price of $24.38 per share, with a total value of $609,500.00. Following the purchase, the director now owns 30,426 shares of the company’s stock, valued at $741,785.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James A. Mitarotonda acquired 50,000 shares of the business’s stock in a transaction dated Friday, August 12th. The stock was acquired at an average cost of $21.95 per share, with a total value of $1,097,500.00. Following the purchase, the director now directly owns 30,426 shares in the company, valued at approximately $667,850.70. The disclosure for this purchase can be found here. 3.44% of the stock is currently owned by insiders.

About A. Schulman

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.

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