SG Americas Securities LLC lifted its stake in shares of Livent Co. (NYSE:LTHM – Get Rating) by 30.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,070 shares of the company’s stock after purchasing an additional 8,321 shares during the quarter. SG Americas Securities LLC’s holdings in Livent were worth $940,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. boosted its position in shares of Livent by 77.7% during the 4th quarter. Bessemer Group Inc. now owns 1,189 shares of the company’s stock worth $29,000 after purchasing an additional 520 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Livent during the 4th quarter worth about $50,000. FNY Investment Advisers LLC bought a new position in shares of Livent during the 1st quarter worth about $88,000. CWM LLC bought a new position in Livent in the 4th quarter valued at about $113,000. Finally, Edmond DE Rothschild Holding S.A. bought a new position in Livent in the 4th quarter valued at about $130,000. Institutional investors own 97.33% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Cowen raised shares of Livent from a “market perform” rating to an “outperform” rating and raised their price target for the company from $25.00 to $33.00 in a research report on Wednesday, May 4th. TheStreet cut shares of Livent from a “b” rating to a “c+” rating in a research report on Thursday, July 7th. Mizuho raised their price target on shares of Livent from $26.00 to $34.00 in a research report on Thursday, May 5th. Cowen raised shares of Livent from a “market perform” rating to an “outperform” rating in a research report on Wednesday, May 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Livent from $29.00 to $24.00 and set a “hold” rating on the stock in a research report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $29.00.
Livent Trading Up 2.6 %
Livent (NYSE:LTHM – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.07. Livent had a net margin of 11.56% and a return on equity of 8.69%. The business had revenue of $143.50 million during the quarter, compared to analyst estimates of $139.92 million. During the same period in the previous year, the business earned $0.02 EPS. Livent’s revenue was up 56.5% compared to the same quarter last year. Sell-side analysts anticipate that Livent Co. will post 1.25 earnings per share for the current year.
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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