17,291 Shares in Shiloh Industries, Inc. (SHLO) Acquired by Shaker Investments LLC OH
Shaker Investments LLC OH bought a new stake in Shiloh Industries, Inc. (NASDAQ:SHLO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,291 shares of the basic materials company’s stock, valued at approximately $180,000. Shaker Investments LLC OH owned about 0.07% of Shiloh Industries at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of SHLO. Russell Investments Group Ltd. purchased a new position in Shiloh Industries in the second quarter valued at $105,000. Cornerstone Capital Management Holdings LLC. purchased a new position in Shiloh Industries in the second quarter valued at $141,000. Virtu KCG Holdings LLC purchased a new position in Shiloh Industries in the second quarter valued at $157,000. California State Teachers Retirement System purchased a new position in Shiloh Industries in the second quarter valued at $181,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in Shiloh Industries in the second quarter valued at $182,000. 21.66% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Jean Brunol sold 5,000 shares of the company’s 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 51.70% of the stock is owned by corporate insiders.
Shares of Shiloh Industries, Inc. (SHLO) traded down $0.28 during mid-day trading on Friday, hitting $8.86. The company’s stock had a trading volume of 99,550 shares, compared to its average volume of 151,911. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.07 and a current ratio of 1.39. Shiloh Industries, Inc. has a 12 month low of $6.50 and a 12 month high of $16.69. The stock has a market capitalization of $204.88, a price-to-earnings ratio of 9.84 and a beta of 2.16.
Shiloh Industries (NASDAQ:SHLO) last issued its quarterly earnings results on Tuesday, August 29th. The basic materials company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). The firm had revenue of $256.85 million during the quarter, compared to analysts’ expectations of $236.40 million. Shiloh Industries had a return on equity of 10.67% and a net margin of 0.52%. Shiloh Industries’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 earnings per share. research analysts forecast that Shiloh Industries, Inc. will post 0.65 EPS for the current fiscal year.
SHLO has been the topic of several recent analyst reports. Bank of America Corporation initiated coverage on Shiloh Industries in a report on Thursday, September 7th. They issued a “neutral” rating and a $9.50 target price on the stock. ValuEngine lowered Shiloh Industries from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, BMO Capital Markets initiated coverage on Shiloh Industries in a report on Wednesday, August 16th. They issued an “outperform” rating and a $11.00 target price on the stock.
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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.
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