Janney Montgomery Scott LLC grew its stake in Livent Co. (NYSE:LTHM – Get Rating) by 13.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 36,330 shares of the company’s stock after acquiring an additional 4,349 shares during the period. Janney Montgomery Scott LLC’s holdings in Livent were worth $1,114,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in LTHM. BlackRock Inc. raised its stake in shares of Livent by 3.2% in the 1st quarter. BlackRock Inc. now owns 25,674,467 shares of the company’s stock valued at $669,334,000 after acquiring an additional 797,187 shares during the period. First Republic Investment Management Inc. raised its stake in shares of Livent by 5,080.3% in the 2nd quarter. First Republic Investment Management Inc. now owns 660,384 shares of the company’s stock valued at $14,984,000 after acquiring an additional 647,636 shares during the period. Wellington Management Group LLP grew its holdings in shares of Livent by 5.7% in the first quarter. Wellington Management Group LLP now owns 7,824,996 shares of the company’s stock valued at $203,997,000 after purchasing an additional 421,082 shares in the last quarter. Ruffer LLP increased its stake in Livent by 325.4% during the 2nd quarter. Ruffer LLP now owns 532,023 shares of the company’s stock worth $12,080,000 after buying an additional 406,964 shares during the period. Finally, Driehaus Capital Management LLC lifted its holdings in Livent by 37.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,303,315 shares of the company’s stock worth $29,572,000 after buying an additional 352,839 shares in the last quarter. 90.62% of the stock is owned by hedge funds and other institutional investors.
Livent Stock Up 1.1 %
LTHM opened at $24.07 on Wednesday. The business’s 50-day simple moving average is $24.55 and its 200-day simple moving average is $27.15. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.65 and a current ratio of 3.52. Livent Co. has a one year low of $18.26 and a one year high of $36.38. The stock has a market capitalization of $4.32 billion, a P/E ratio of 24.07 and a beta of 1.76.
Analyst Ratings Changes
A number of research firms have recently weighed in on LTHM. Mizuho cut their price objective on Livent from $31.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, January 12th. JPMorgan Chase & Co. initiated coverage on Livent in a report on Monday, October 17th. They issued a “neutral” rating and a $28.00 target price for the company. B. Riley lifted their target price on Livent from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, October 27th. Piper Sandler decreased their target price on Livent from $42.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, December 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Livent from $30.00 to $22.00 in a report on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.78.
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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