Ancora Advisors LLC increased its position in shares of Shiloh Industries, Inc. (NASDAQ:SHLO) by 29.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,972 shares of the basic materials company’s stock after purchasing an additional 27,664 shares during the period. Ancora Advisors LLC owned approximately 0.52% of Shiloh Industries worth $1,331,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in the stock. Hartford Investment Management Co. purchased a new position in Shiloh Industries during the 2nd quarter worth $202,000. Acadian Asset Management LLC purchased a new position in Shiloh Industries during the 2nd quarter worth $1,401,000. Towle & Co. raised its position in Shiloh Industries by 7.0% during the 2nd quarter. Towle & Co. now owns 1,311,734 shares of the basic materials company’s stock worth $11,412,000 after buying an additional 85,972 shares during the last quarter. Weber Alan W raised its position in Shiloh Industries by 1.7% during the 2nd quarter. Weber Alan W now owns 596,679 shares of the basic materials company’s stock worth $5,191,000 after buying an additional 10,000 shares during the last quarter. Finally, Royce & Associates LP purchased a new position in Shiloh Industries during the 2nd quarter worth $218,000. 44.79% of the stock is owned by institutional investors and hedge funds.
NASDAQ:SHLO opened at $7.97 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.11 and a current ratio of 1.42. Shiloh Industries, Inc. has a fifty-two week low of $6.45 and a fifty-two week high of $12.28. The firm has a market cap of $186.49 million, a PE ratio of 15.04 and a beta of 1.61.
Shiloh Industries (NASDAQ:SHLO) last posted its quarterly earnings results on Friday, September 7th. The basic materials company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.08. Shiloh Industries had a net margin of 1.72% and a return on equity of 8.78%. The business had revenue of $294.88 million for the quarter. As a group, equities research analysts expect that Shiloh Industries, Inc. will post 0.75 earnings per share for the current fiscal year.
A number of equities analysts have commented on the stock. BidaskClub downgraded shares of Shiloh Industries from a “hold” rating to a “sell” rating in a research report on Thursday, October 11th. Bank of America downgraded shares of Shiloh Industries from a “neutral” rating to an “underperform” rating and set a $10.00 price objective for the company. in a research report on Monday, October 1st. They noted that the move was a valuation call. ValuEngine downgraded shares of Shiloh Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. Finally, BMO Capital Markets set a $14.00 price objective on shares of Shiloh Industries and gave the stock a “buy” rating in a research report on Monday, September 17th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $12.00.
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About Shiloh Industries
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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