A. Schulman, Inc. (SHLM) Holdings Reduced by Citigroup Inc.

Citigroup Inc. lowered its stake in A. Schulman, Inc. (NASDAQ:SHLM) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,171 shares of the basic materials company’s stock after selling 1,047 shares during the quarter. Citigroup Inc. owned about 0.10% of A. Schulman worth $934,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. GSA Capital Partners LLP lifted its position in A. Schulman by 11.4% in the second quarter. GSA Capital Partners LLP now owns 50,936 shares of the basic materials company’s stock valued at $1,630,000 after buying an additional 5,203 shares during the last quarter. Thrivent Financial For Lutherans lifted its position in A. Schulman by 7.6% in the second quarter. Thrivent Financial For Lutherans now owns 17,920 shares of the basic materials company’s stock valued at $573,000 after buying an additional 1,270 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in A. Schulman by 1.0% in the second quarter. PNC Financial Services Group Inc. now owns 4,854 shares of the basic materials company’s stock valued at $156,000 after buying an additional 50 shares during the last quarter. Laurion Capital Management LP acquired a new position in A. Schulman in the second quarter valued at about $251,000. Finally, Stevens Capital Management LP lifted its position in A. Schulman by 5.6% in the second quarter. Stevens Capital Management LP now owns 22,619 shares of the basic materials company’s stock valued at $724,000 after buying an additional 1,198 shares during the last quarter. 84.22% of the stock is currently owned by institutional investors.

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Several analysts have recently issued reports on the stock. Zacks Investment Research raised shares of A. Schulman from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. ValuEngine raised shares of A. Schulman from a “hold” rating to a “buy” rating in a research report on Saturday, August 12th. BidaskClub raised shares of A. Schulman from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 17th. Finally, Longbow Research raised shares of A. Schulman from a “neutral” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Friday, August 25th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $35.00.

Shares of A. Schulman, Inc. (NASDAQ:SHLM) opened at 36.65 on Friday. A. Schulman, Inc. has a 12 month low of $25.00 and a 12 month high of $39.85. The firm’s market cap is $1.08 billion. The stock’s 50 day moving average is $32.20 and its 200 day moving average is $30.08.

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.

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Institutional Ownership by Quarter for A. Schulman (NASDAQ:SHLM)

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