Two Sigma Investments LP cut its stake in shares of Shiloh Industries, Inc. (NASDAQ:SHLO) by 14.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,770 shares of the basic materials company’s stock after selling 13,353 shares during the quarter. Two Sigma Investments LP’s holdings in Shiloh Industries were worth $671,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the stock. Alambic Investment Management L.P. grew its holdings in shares of Shiloh Industries by 4.9% during the 4th quarter. Alambic Investment Management L.P. now owns 158,930 shares of the basic materials company’s stock valued at $1,303,000 after purchasing an additional 7,400 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of Shiloh Industries by 47.8% during the 4th quarter. Two Sigma Advisers LP now owns 23,800 shares of the basic materials company’s stock valued at $195,000 after purchasing an additional 7,700 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Shiloh Industries by 50.6% during the 3rd quarter. California State Teachers Retirement System now owns 23,200 shares of the basic materials company’s stock valued at $241,000 after purchasing an additional 7,800 shares during the last quarter. Strs Ohio grew its holdings in shares of Shiloh Industries by 14.6% during the 4th quarter. Strs Ohio now owns 76,800 shares of the basic materials company’s stock valued at $629,000 after purchasing an additional 9,800 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. grew its holdings in shares of Shiloh Industries by 14.7% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 83,990 shares of the basic materials company’s stock valued at $689,000 after purchasing an additional 10,790 shares during the last quarter. 42.94% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research lowered shares of Shiloh Industries from a “hold” rating to a “sell” rating in a report on Tuesday, March 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $10.25.
NASDAQ:SHLO opened at $8.87 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.09 and a current ratio of 1.42. Shiloh Industries, Inc. has a one year low of $6.45 and a one year high of $14.97. The company has a market cap of $211.96, a P/E ratio of 16.74 and a beta of 1.70.
Shiloh Industries (NASDAQ:SHLO) last issued its quarterly earnings results on Thursday, March 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.14. The firm had revenue of $247.67 million for the quarter, compared to the consensus estimate of $233.10 million. Shiloh Industries had a net margin of 0.59% and a return on equity of 7.93%. The company’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.03) EPS. analysts expect that Shiloh Industries, Inc. will post 0.7 earnings per share for the current fiscal year.
Shiloh Industries Profile
Shiloh Industries, Inc, together with its subsidiaries, provides lightweighting, noise, and vibration solutions to automotive, commercial vehicle, and other industrial markets worldwide. The company produces body systems components, including shock towers, instrument panel/cross car beams, torque boxes, tunnel supports, seat supports, seat back frames, hinge pillars, lift gates, door inners, roof supports/roof panels, dashpanels, body sides, and B and C pillars; and chassis systems components, such as cross members, frame rails, axle carriers, bearing caps, axle covers and housings, clutch housings, PTU covers, axle tubes, rack and pinion housings, steering column housings, knuckles, links, wheel hubs, calipers, master cylinders, steering pumps, brake components, wheel blanks, and flanges.
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