Goldman Sachs Group Inc. Sells 9,105 Shares of Standard Lithium Ltd. $SLI

Goldman Sachs Group Inc. lessened its stake in Standard Lithium Ltd. (NYSEAMERICAN:SLI) by 6.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 128,889 shares of the company’s stock after selling 9,105 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.07% of Standard Lithium worth $164,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Stephens Inc. AR raised its holdings in Standard Lithium by 3.4% during the 1st quarter. Stephens Inc. AR now owns 247,005 shares of the company’s stock valued at $314,000 after acquiring an additional 8,150 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Standard Lithium by 7.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 117,757 shares of the company’s stock valued at $150,000 after acquiring an additional 8,340 shares during the period. Sowell Financial Services LLC bought a new stake in Standard Lithium during the 1st quarter valued at $35,000. Naviter Wealth LLC bought a new stake in Standard Lithium during the 1st quarter valued at $36,000. Finally, MAI Capital Management raised its holdings in Standard Lithium by 211.4% during the 1st quarter. MAI Capital Management now owns 57,515 shares of the company’s stock valued at $73,000 after acquiring an additional 39,045 shares during the period. Institutional investors own 16.70% of the company’s stock.

Analysts Set New Price Targets

SLI has been the topic of a number of analyst reports. Raymond James Financial initiated coverage on shares of Standard Lithium in a report on Friday, July 11th. They set an “outperform” rating and a $2.75 target price on the stock. Roth Capital boosted their price target on shares of Standard Lithium from $4.50 to $6.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Standard Lithium in a research report on Monday, September 8th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Standard Lithium has an average rating of “Buy” and an average target price of $4.38.

Standard Lithium Stock Down 9.6%

NYSEAMERICAN SLI opened at $3.39 on Tuesday. The firm has a market cap of $657.46 million, a price-to-earnings ratio of -15.41 and a beta of 1.71. The company has a 50-day simple moving average of $2.86 and a two-hundred day simple moving average of $2.10. Standard Lithium Ltd. has a 12-month low of $1.08 and a 12-month high of $4.08.

Standard Lithium Profile

Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. Its flagship project is the Lanxess project with area of approximately 150,000 acres located in southern Arkansas. The company was formerly known as Patriot Petroleum Corp. and changed its name to Standard Lithium Ltd.