Schweitzer-Mauduit International (SWM) : Advisory Services Network added new position in Schweitzer-Mauduit International during the most recent quarter end. The investment management firm now holds 4,269 shares of Schweitzer-Mauduit International which is valued at $161,880 , the company said in a statement filed on Oct 7, 2016 with the SEC.Schweitzer-Mauduit International makes up approximately 0.03% of Advisory Services Network’s portfolio.
Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa reduced its stake in SWM by selling 4,867 shares or 45.73% in the most recent quarter. The Hedge Fund company now holds 5,775 shares of SWM which is valued at $221,471.Eqis Capital Management boosted its stake in SWM in the latest quarter, The investment management firm added 207 additional shares and now holds a total of 7,186 shares of Schweitzer-Mauduit International which is valued at $275,583. Schweitzer-Mauduit International makes up approx 0.02% of Eqis Capital Management’s portfolio.
Schweitzer-Mauduit International closed down -1.12 points or -2.87% at $37.92 with 1,74,310 shares getting traded on Friday. Post opening the session at $39.06, the shares hit an intraday low of $37.52 and an intraday high of $39.06 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Schweitzer-Mauduit International reported $0.93 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.82. The company had revenue of $217.30 million for the quarter, compared to analysts expectations of $209.50 million. The company’s revenue was up 19.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.
Schweitzer-Mauduit International Inc. (SWM) is a producer of specialty papers and resin-based products. The Company manufactures and sells specialty papers which are used in manufacturing ventilated cigarettes and banded papers for the production of lower ignition propensity (LIP) cigarettes and producer of reconstituted tobacco leaf (RTL) used in producing blended cigarettes. The Company operates in three segments: Paper Reconstituted Tobacco and Filtration. It also manufactures resin-based plastic netting through an extrusion process as well as certain meltblown products and machined plastic core tubes. It also manufactures and sells thermoplastic nets nonwovens laminates and extruded components. SWM conducts its business in over 90 countries and operate 16 production locations with facilities in the United States United Kingdom Canada France Luxembourg Russia Brazil China and Poland.