Great Valley Advisor Group Inc. Boosts Stake in Livent Co. (NYSE:LTHM)

Great Valley Advisor Group Inc. raised its position in shares of Livent Co. (NYSE:LTHMFree Report) by 17.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,074 shares of the company’s stock after acquiring an additional 6,745 shares during the period. Great Valley Advisor Group Inc.’s holdings in Livent were worth $830,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kornitzer Capital Management Inc. KS purchased a new stake in shares of Livent in the second quarter worth about $222,000. Commonwealth Equity Services LLC boosted its position in shares of Livent by 51.0% in the third quarter. Commonwealth Equity Services LLC now owns 257,824 shares of the company’s stock worth $4,747,000 after buying an additional 87,113 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Livent by 11.3% in the second quarter. Envestnet Asset Management Inc. now owns 133,670 shares of the company’s stock worth $3,667,000 after buying an additional 13,595 shares during the period. Portside Wealth Group LLC acquired a new position in shares of Livent in the second quarter worth about $276,000. Finally, Vontobel Holding Ltd. lifted its stake in shares of Livent by 65.4% in the third quarter. Vontobel Holding Ltd. now owns 223,395 shares of the company’s stock worth $4,113,000 after acquiring an additional 88,344 shares in the last quarter. Hedge funds and other institutional investors own 96.76% of the company’s stock.

Livent Price Performance

Shares of Livent stock opened at $16.51 on Wednesday. The company has a current ratio of 3.46, a quick ratio of 1.99 and a debt-to-equity ratio of 0.14. The business’s 50 day simple moving average is $16.01 and its 200-day simple moving average is $18.24. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 9.22, a PEG ratio of 0.51 and a beta of 1.76. Livent Co. has a twelve month low of $12.76 and a twelve month high of $29.17.

Livent (NYSE:LTHMGet Free Report) last announced its quarterly earnings results on Tuesday, October 31st. The company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). The company had revenue of $211.40 million for the quarter, compared to analyst estimates of $264.41 million. Livent had a return on equity of 25.60% and a net margin of 40.77%. The firm’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. Equities research analysts forecast that Livent Co. will post 1.89 earnings per share for the current year.

Analysts Set New Price Targets

LTHM has been the topic of several recent analyst reports. TheStreet cut Livent from a “b-” rating to a “c+” rating in a research note on Thursday, November 9th. Piper Sandler cut Livent from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $18.00 to $15.00 in a research note on Tuesday, December 5th. JPMorgan Chase & Co. cut their price target on Livent from $25.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 29th. BMO Capital Markets cut their price target on Livent from $24.00 to $20.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 1st. Finally, Mizuho upped their price objective on Livent from $15.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, December 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.59.

Read Our Latest Report on LTHM

Livent Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Livent (NYSE:LTHM)

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