Gilberto Antoniazzi Sells 3,635 Shares of Livent Co. (NYSE:LTHM) Stock

Livent Co. (NYSE:LTHMGet Rating) CFO Gilberto Antoniazzi sold 3,635 shares of Livent stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $32.54, for a total value of $118,282.90. Following the transaction, the chief financial officer now directly owns 62,582 shares in the company, valued at $2,036,418.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Livent Stock Performance

Shares of Livent stock opened at $33.58 on Thursday. Livent Co. has a one year low of $19.35 and a one year high of $36.38. The firm has a market capitalization of $6.02 billion, a price-to-earnings ratio of 61.05 and a beta of 1.88. The business has a 50-day simple moving average of $28.71 and a 200 day simple moving average of $26.29. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.60 and a quick ratio of 1.55.

Livent (NYSE:LTHMGet Rating) last issued its earnings results on Tuesday, August 2nd. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.07. Livent had a return on equity of 14.62% and a net margin of 18.36%. During the same period last year, the business posted $0.04 earnings per share. On average, research analysts anticipate that Livent Co. will post 1.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

LTHM has been the topic of several recent research reports. CICC Research initiated coverage on Livent in a report on Monday, August 8th. They set an “outperform” rating and a $27.30 target price on the stock. Piper Sandler reissued an “overweight” rating and issued a $42.00 price objective on shares of Livent in a research note on Tuesday. Mizuho dropped their price objective on Livent from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, August 4th. Citigroup boosted their price objective on Livent to $27.00 in a research note on Tuesday, August 9th. Finally, Vertical Research downgraded Livent from a “buy” rating to a “hold” rating and boosted their price objective for the company from $33.00 to $35.00 in a research note on Monday, September 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $30.85.

Institutional Trading of Livent

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LTHM. Lindbrook Capital LLC increased its holdings in Livent by 2,902.7% during the 2nd quarter. Lindbrook Capital LLC now owns 1,111 shares of the company’s stock worth $25,000 after purchasing an additional 1,074 shares in the last quarter. Oliver Lagore Vanvalin Investment Group bought a new stake in Livent during the 1st quarter worth approximately $26,000. Credit Agricole S A bought a new stake in Livent during the 2nd quarter worth approximately $29,000. SeaCrest Wealth Management LLC bought a new stake in Livent during the 2nd quarter worth approximately $30,000. Finally, GoalVest Advisory LLC bought a new stake in Livent during the 1st quarter worth approximately $39,000. 87.57% of the stock is owned by institutional investors.

About Livent

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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.

Further Reading

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