Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Piedmont Lithium Inc. (NASDAQ:PLL – Get Rating) by 13.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,166 shares of the mineral exploration company’s stock after buying an additional 1,927 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Piedmont Lithium were worth $865,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of PLL. Optimum Investment Advisors bought a new stake in shares of Piedmont Lithium in the 3rd quarter worth $27,000. Geneos Wealth Management Inc. bought a new stake in shares of Piedmont Lithium in the 1st quarter worth $36,000. Citigroup Inc. grew its stake in shares of Piedmont Lithium by 112.3% in the 1st quarter. Citigroup Inc. now owns 620 shares of the mineral exploration company’s stock worth $45,000 after acquiring an additional 328 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Piedmont Lithium during the second quarter valued at about $51,000. Finally, Captrust Financial Advisors grew its position in Piedmont Lithium by 7.9% during the second quarter. Captrust Financial Advisors now owns 2,038 shares of the mineral exploration company’s stock valued at $74,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 48.23% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently weighed in on PLL. B. Riley restated a “buy” rating on shares of Piedmont Lithium in a research report on Thursday, January 5th. DA Davidson increased their price target on shares of Piedmont Lithium from $85.00 to $90.00 in a research report on Friday, December 2nd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $95.00.
Piedmont Lithium Trading Up 6.1 %
Piedmont Lithium (NASDAQ:PLL – Get Rating) last issued its earnings results on Friday, November 4th. The mineral exploration company reported ($0.36) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.37) by $0.01. As a group, sell-side analysts anticipate that Piedmont Lithium Inc. will post -1.7 EPS for the current fiscal year.
Insider Transactions at Piedmont Lithium
In other news, CEO Keith D. Phillips sold 705 shares of the stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $50.36, for a total value of $35,503.80. Following the sale, the chief executive officer now directly owns 128,277 shares of the company’s stock, valued at $6,460,029.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Keith D. Phillips sold 705 shares of the stock in a transaction dated Friday, January 6th. The shares were sold at an average price of $50.36, for a total value of $35,503.80. Following the sale, the chief executive officer now directly owns 128,277 shares of the company’s stock, valued at $6,460,029.72. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Keith D. Phillips sold 7,324 shares of the stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $62.64, for a total transaction of $458,775.36. Following the completion of the sale, the chief executive officer now directly owns 128,982 shares in the company, valued at $8,079,432.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,051 shares of company stock valued at $545,708. 1.75% of the stock is currently owned by corporate insiders.
Piedmont Lithium Profile
Piedmont Lithium Inc, an exploration 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 3,116 acres located within the Carolina Tin-Spodumene Belt situated to the west of Charlotte, North Carolina in the United States.
- Get a free copy of the StockNews.com research report on Piedmont Lithium (PLL)
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