Piedmont Lithium Inc. (NASDAQ:PLL) Shares Sold by Williams Jones Wealth Management LLC.

Williams Jones Wealth Management LLC. cut its stake in shares of Piedmont Lithium Inc. (NASDAQ:PLLGet Rating) by 18.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,994 shares of the mineral exploration company’s stock after selling 5,470 shares during the quarter. Williams Jones Wealth Management LLC. owned about 0.14% of Piedmont Lithium worth $1,824,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Piedmont Lithium by 28.0% in the 1st quarter. Vanguard Group Inc. now owns 743,695 shares of the mineral exploration company’s stock valued at $54,283,000 after acquiring an additional 162,476 shares during the last quarter. Van ECK Associates Corp grew its stake in Piedmont Lithium by 64.8% in the 1st quarter. Van ECK Associates Corp now owns 389,680 shares of the mineral exploration company’s stock valued at $28,443,000 after acquiring an additional 153,276 shares during the last quarter. BlackRock Inc. grew its stake in Piedmont Lithium by 11.7% in the 1st quarter. BlackRock Inc. now owns 340,060 shares of the mineral exploration company’s stock valued at $24,822,000 after acquiring an additional 35,614 shares during the last quarter. Principal Financial Group Inc. grew its stake in Piedmont Lithium by 10.3% in the 1st quarter. Principal Financial Group Inc. now owns 239,196 shares of the mineral exploration company’s stock valued at $17,458,000 after acquiring an additional 22,286 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in Piedmont Lithium by 203.8% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 134,136 shares of the mineral exploration company’s stock valued at $7,182,000 after acquiring an additional 89,986 shares during the last quarter. 50.01% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on PLL shares. Cowen started coverage on shares of Piedmont Lithium in a research note on Monday, May 23rd. They issued an “outperform” rating and a $90.00 price objective on the stock. Roth Capital restated a “buy” rating on shares of Piedmont Lithium in a report on Monday, September 5th. Finally, Cowen started coverage on shares of Piedmont Lithium in a report on Monday, May 23rd. They issued an “outperform” rating on the stock. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $96.00.

Insider Transactions at Piedmont Lithium

In other news, CEO Keith D. Phillips sold 3,944 shares of the stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $50.07, for a total transaction of $197,476.08. Following the transaction, the chief executive officer now directly owns 101,544 shares in the company, valued at approximately $5,084,308.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Keith D. Phillips sold 3,944 shares of the stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $50.07, for a total transaction of $197,476.08. Following the transaction, the chief executive officer now directly owns 101,544 shares in the company, valued at approximately $5,084,308.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Jeffrey T. Armstrong acquired 2,500 shares of the business’s stock in a transaction dated Wednesday, June 29th. The shares were bought at an average price of $38.27 per share, for a total transaction of $95,675.00. Following the completion of the acquisition, the director now owns 33,969 shares in the company, valued at $1,299,993.63. The disclosure for this purchase can be found here. Insiders have sold a total of 14,430 shares of company stock worth $808,899 in the last three months. Company insiders own 1.75% of the company’s stock.

Piedmont Lithium Stock Performance

NASDAQ:PLL opened at $62.63 on Monday. Piedmont Lithium Inc. has a 12-month low of $32.08 and a 12-month high of $79.99. The company’s 50-day moving average is $49.26 and its two-hundred day moving average is $57.01.

Piedmont Lithium Profile

(Get Rating)

Piedmont Lithium Inc, an exploration stage company, engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Carolina Lithium Project that include an area of approximately 3,116 acres located within the Carolina Tin-Spodumene Belt situated to the west of Charlotte, North Carolina in the United States.

Further Reading

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Institutional Ownership by Quarter for Piedmont Lithium (NASDAQ:PLL)

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