Russell Investments Group Ltd. grew its position in shares of Livent Co. (NYSE:LTHM – Get Rating) by 132.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,442 shares of the company’s stock after buying an additional 114,326 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.12% of Livent worth $5,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in the company. State Street Corp lifted its holdings in shares of Livent by 2.7% during the 4th quarter. State Street Corp now owns 4,999,506 shares of the company’s stock valued at $121,888,000 after buying an additional 131,031 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Livent by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 2,693,089 shares of the company’s stock valued at $65,657,000 after buying an additional 93,089 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Livent by 35.8% during the 4th quarter. Renaissance Technologies LLC now owns 2,486,900 shares of the company’s stock valued at $60,631,000 after buying an additional 656,100 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Livent by 0.4% during the 4th quarter. Northern Trust Corp now owns 2,423,714 shares of the company’s stock valued at $59,090,000 after buying an additional 10,483 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Livent by 4.7% during the 4th quarter. Invesco Ltd. now owns 2,089,652 shares of the company’s stock valued at $50,947,000 after buying an additional 93,331 shares during the last quarter. 97.33% of the stock is currently owned by institutional investors and hedge funds.
Livent Stock Performance
Shares of NYSE:LTHM opened at $26.42 on Wednesday. The business’s fifty day moving average price is $24.06 and its two-hundred day moving average price is $24.29. Livent Co. has a fifty-two week low of $19.35 and a fifty-two week high of $34.61. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 48.04 and a beta of 2.02. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.60 and a quick ratio of 1.55.
Livent (NYSE:LTHM – Get Rating) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.07. Livent had a return on equity of 14.62% and a net margin of 18.36%. During the same period in the previous year, the business earned $0.04 EPS. As a group, analysts predict that Livent Co. will post 1.38 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the company. Cowen upgraded Livent from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $25.00 to $33.00 in a report on Wednesday, May 4th. Mizuho reduced their target price on Livent from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, August 4th. TheStreet lowered Livent from a “b” rating to a “c+” rating in a report on Thursday, July 7th. CICC Research assumed coverage on Livent in a report on Monday. They set an “outperform” rating and a $27.30 price target for the company. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Livent from $29.00 to $24.00 and set a “hold” rating for the company in a report on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.25.
Livent Company Profile
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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