SG Americas Securities LLC Raises Stock Holdings in Piedmont Lithium Inc. (NASDAQ:PLL)

SG Americas Securities LLC raised its stake in Piedmont Lithium Inc. (NASDAQ:PLLFree Report) by 83.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 23,542 shares of the mineral exploration company’s stock after buying an additional 10,713 shares during the quarter. SG Americas Securities LLC’s holdings in Piedmont Lithium were worth $665,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Tucker Asset Management LLC acquired a new position in shares of Piedmont Lithium during the second quarter worth $29,000. Geneos Wealth Management Inc. acquired a new position in Piedmont Lithium during the 1st quarter valued at about $36,000. Money Concepts Capital Corp purchased a new stake in Piedmont Lithium in the fourth quarter valued at about $37,000. Point72 Middle East FZE acquired a new stake in Piedmont Lithium in the fourth quarter worth about $38,000. Finally, ICA Group Wealth Management LLC purchased a new stake in shares of Piedmont Lithium during the fourth quarter worth about $44,000. 52.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PLL has been the subject of several research analyst reports. BMO Capital Markets began coverage on shares of Piedmont Lithium in a research report on Friday, February 16th. They issued a “market perform” rating and a $20.00 price objective for the company. TD Cowen downgraded shares of Piedmont Lithium from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $55.00 to $20.00 in a research note on Monday, January 29th. JPMorgan Chase & Co. dropped their price target on Piedmont Lithium from $25.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Finally, BTIG Research cut Piedmont Lithium from a “buy” rating to a “neutral” rating in a research note on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $71.67.

Get Our Latest Stock Report on PLL

Piedmont Lithium Price Performance

Shares of Piedmont Lithium stock opened at $13.27 on Thursday. The stock has a market cap of $256.92 million, a PE ratio of -11.54 and a beta of 0.78. The firm has a fifty day moving average price of $13.80 and a 200 day moving average price of $23.81. Piedmont Lithium Inc. has a 1 year low of $11.27 and a 1 year high of $65.72.

Piedmont Lithium (NASDAQ:PLLGet Free Report) last released its quarterly earnings data on Thursday, February 22nd. The mineral exploration company reported ($1.23) earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($1.61). The business had revenue of ($7.31) million during the quarter, compared to analyst estimates of $32.76 million. As a group, equities analysts expect that Piedmont Lithium Inc. will post -0.2 EPS for the current year.

Piedmont Lithium Profile

(Free Report)

Piedmont Lithium Inc, a development 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 3,706 acres located within the Carolina Tin-Spodumene Belt situated to the northwest of Charlotte, North Carolina in the United States.

Featured Articles

Want to see what other hedge funds are holding PLL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Piedmont Lithium Inc. (NASDAQ:PLLFree Report).

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

Receive News & Ratings for Piedmont Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piedmont Lithium and related companies with MarketBeat.com's FREE daily email newsletter.