What Next for A Schulman Inc Stock After Today’s Bullish Options Activity?

 What Next for A Schulman Inc Stock After Today's Bullish Options Activity?

In today’s session A Schulman Inc (SHLM) registered an unusually high (245) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious SHLM increase. With 245 contracts traded and 1984 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: SHLM161021C00030000 closed last at: $0.8 or 100% up. About 72,247 shares traded hands. A Schulman Inc (NASDAQ:SHLM) has risen 6.65% since March 3, 2016 and is uptrending. It has underperformed by 1.70% the S&P500.

Analysts await A Schulman Inc (NASDAQ:SHLM) to report earnings on October, 26 after the close. They expect $0.44 EPS, down 31.25% or $0.20 from last year’s $0.64 per share. SHLM’s profit will be $13.02 million for 16.60 P/E if the $0.44 EPS becomes a reality. After $0.79 actual EPS reported by A Schulman Inc for the previous quarter, Wall Street now forecasts -44.30% negative EPS growth.

A Schulman Inc (NASDAQ:SHLM) Ratings Coverage

Out of 7 analysts covering Schulman A (NASDAQ:SHLM), 4 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 57% are positive. Schulman A has been the topic of 13 analyst reports since August 13, 2015 according to StockzIntelligence Inc. Sidoti upgraded the stock to “Buy” rating in Tuesday, August 18 report. The firm has “Sector Weight” rating given on Monday, March 14 by KeyBanc Capital Markets. Gabelli upgraded the shares of SHLM in a report on Tuesday, October 4 to “Buy” rating. Longbow downgraded the shares of SHLM in a report on Thursday, August 11 to “Neutral” rating. Northcoast upgraded the shares of SHLM in a report on Friday, August 26 to “Buy” rating. The rating was upgraded by Longbow on Wednesday, January 6 to “Buy”. The company was downgraded on Tuesday, August 25 by TheStreet. KeyBanc Capital Markets maintained A Schulman Inc (NASDAQ:SHLM) rating on Tuesday, September 22. KeyBanc Capital Markets has “Overweight” rating and $43 price target. The stock of A Schulman Inc (NASDAQ:SHLM) has “Accumulate” rating given on Thursday, August 13 by Global Hunter Securities. The stock of A Schulman Inc (NASDAQ:SHLM) has “Hold” rating given on Tuesday, September 22 by Zacks.

According to Zacks Investment Research, “Schulman Inc. operates in one industry segment which is the sale of plastic resins to customers who use the products as raw materials in their manufacturing operations. The Company purchases plastic resins and other materials which either can be sold directly to customers or used by the Company in the manufacture of other products for sale to customers. All of the products which the Company sells are used for the same purpose–as raw material to be molded or extruded by the Company’s customers.”

Insitutional Activity: The institutional sentiment increased to 1.62 in 2016 Q2. Its up 0.15, from 1.47 in 2016Q1. The ratio increased, as 16 funds sold all A Schulman Inc shares owned while 36 reduced positions. 29 funds bought stakes while 55 increased positions. They now own 25.50 million shares or 4.16% less from 26.60 million shares in 2016Q1.
Royal State Bank Of Canada holds 0% of its portfolio in A Schulman Inc (NASDAQ:SHLM) for 20,659 shares. Invesco Ltd last reported 0% of its portfolio in the stock. Envestnet Asset Management Inc holds 0% or 5,827 shares in its portfolio. Blackrock owns 8,112 shares or 0% of their US portfolio. Manufacturers Life Insur The owns 19,654 shares or 0% of their US portfolio. Moreover, First Bancorp Of Omaha has 0.05% invested in A Schulman Inc (NASDAQ:SHLM) for 27,450 shares. Independent Port Consultants has invested 0.2% of its portfolio in A Schulman Inc (NASDAQ:SHLM). Geode Llc reported 213,721 shares or 0% of all its holdings. Prudential Inc last reported 0.01% of its portfolio in the stock. Millennium Mngmt Limited Liability Co has 244,979 shares for 0.01% of their US portfolio. Arbor Mgmt Limited Com, a Minnesota-based fund reported 57,356 shares. Citadel Advsrs Limited Liability Company has 135,493 shares for 0% of their US portfolio. Lombardia Cap Prns Ltd Limited Liability Company has 0.04% invested in the company for 26,012 shares. Thrivent Financial For Lutherans owns 14,050 shares or 0% of their US portfolio. The New York-based Tower Ltd Liability Com (Trc) has invested 0% in A Schulman Inc (NASDAQ:SHLM).

Insider Transactions: Since July 6, 2016, the stock had 2 insider purchases, and 1 insider sale for $1.67 million net activity. Another trade for 25,000 shares valued at $609,593 was made by MITAROTONDA JAMES A on Tuesday, August 23. Another trade for 1,500 shares valued at $37,545 was sold by Mishic Patricia M..

A. Schulman, Inc. is a supplier of plastic formulations, resins and services. The company has a market cap of $864.15 million. The Company’s divisions include Europe, Middle East and Africa ; United States & Canada (USCAN); Latin America (LATAM); Asia Pacific (APAC), and Engineered Composites (EC). It has a 20.42 P/E ratio. The Firm operates in six product families: custom performance colors (CPC), engineered composites, masterbatch solutions, engineered plastics, specialty powders and distribution services.

SHLM Company Profile

A. Schulman, Inc., incorporated on August 20, 1969, is a supplier of plastic formulations, resins, and services. The Company’s divisions include Europe, Middle East and Africa (EMEA); United States & Canada (USCAN); Latin America (LATAM); Asia Pacific (APAC), and Engineered Composites (EC). The Firm operates in six product families: custom performance colors (CPC), engineered composites, masterbatch solutions, engineered plastics, specialty powders and distribution services.

More notable recent A Schulman Inc (NASDAQ:SHLM) news were published by: Crainscleveland.com which released: “A. Schulman Inc. announces another top-level change by naming new chief …” on October 03, 2016, also Crainscleveland.com with their article: “A. Schulman Inc. names chief operating officer” published on August 22, 2016, Crainscleveland.com published: “Bernard Rzepka out, Joseph Gingo back as CEO at A. Schulman Inc.” on August 19, 2016. More interesting news about A Schulman Inc (NASDAQ:SHLM) were released by: Fool.com and their article: “Why Shares of A. Schulman Inc. Plunged 35% Today” published on August 11, 2016 as well as Crainscleveland.com‘s news article titled: “A. Schulman Inc. to add employees for new Shared Service Center in Akron area” with publication date: May 02, 2016.

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