Aviva PLC acquired a new position in shares of Livent Co. (NYSE:LTHM – Free Report) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 64,892 shares of the company’s stock, valued at approximately $1,409,000.
Several other hedge funds and other institutional investors have also bought and sold shares of LTHM. Resources Management Corp CT ADV acquired a new position in shares of Livent during the first quarter worth approximately $101,000. Aspire Private Capital LLC acquired a new stake in shares of Livent in the 1st quarter worth about $20,634,000,000. Almanack Investment Partners LLC. acquired a new stake in shares of Livent in the 3rd quarter worth about $35,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Livent in the 1st quarter worth about $31,000. Finally, MUFG Americas Holdings Corp acquired a new stake in shares of Livent in the 3rd quarter worth about $46,000. Institutional investors and hedge funds own 96.76% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently commented on LTHM. HSBC lowered their price target on Livent from $37.00 to $33.50 in a research report on Friday, June 23rd. B. Riley upgraded shares of Livent from a “neutral” rating to a “buy” rating and set a $32.00 price objective for the company in a research note on Thursday, May 11th. Piper Sandler decreased their price objective on shares of Livent from $38.00 to $33.00 and set an “overweight” rating for the company in a research note on Friday, September 1st. Finally, KeyCorp decreased their price objective on shares of Livent from $35.00 to $34.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Livent presently has an average rating of “Moderate Buy” and an average target price of $29.95.
Livent Trading Up 1.7 %
NYSE:LTHM opened at $20.95 on Friday. The company has a current ratio of 3.76, a quick ratio of 2.37 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $3.76 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 0.29 and a beta of 1.83. The firm’s 50 day moving average is $24.32 and its 200 day moving average is $23.67. Livent Co. has a 12 month low of $18.26 and a 12 month high of $36.38.
Livent (NYSE:LTHM – Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.05. Livent had a return on equity of 26.79% and a net margin of 38.85%. The business had revenue of $235.80 million for the quarter, compared to analysts’ expectations of $257.00 million. Sell-side analysts expect that Livent Co. will post 2.15 earnings per share for the current year.
About Livent
Livent Corporation manufactures and sells performance lithium compounds primarily used in lithium-based batteries, specialty polymers, and chemical synthesis applications in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. The company offers lithium compounds for use in applications that have specific performance requirements, including battery-grade lithium hydroxide for use in high performance lithium-ion batteries; and butyllithium, which is used in the production of polymers and pharmaceutical products, as well as a range of specialty lithium compounds, including high purity lithium metal, which is used in non-rechargeable batteries and the production of lightweight materials for aerospace applications.
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