Livent Co. (NYSE:LTHM – Get Rating) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 28,340,000 shares, an increase of 9.2% from the December 31st total of 25,950,000 shares. Based on an average daily volume of 3,620,000 shares, the short-interest ratio is presently 7.8 days.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in LTHM. Lindbrook Capital LLC increased its stake in Livent by 2,902.7% in the 2nd quarter. Lindbrook Capital LLC now owns 1,111 shares of the company's stock worth $25,000 after buying an additional 1,074 shares during the period. First Personal Financial Services purchased a new position in Livent in the 3rd quarter worth about $25,000. Credit Agricole S A purchased a new position in Livent in the 2nd quarter worth about $29,000. SeaCrest Wealth Management LLC purchased a new position in Livent in the 2nd quarter worth about $30,000. Finally, Paragon Wealth Strategies LLC purchased a new position in Livent in the 3rd quarter worth about $31,000. Hedge funds and other institutional investors own 90.62% of the company's stock.
Get Livent alerts:Analyst Upgrades and Downgrades
LTHM has been the subject of a number of analyst reports. B. Riley increased their price objective on shares of Livent from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, October 27th. Raymond James upped their target price on shares of Livent from $33.00 to $35.00 and gave the stock an "outperform" rating in a research report on Thursday, October 13th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Livent from $30.00 to $22.00 in a research report on Tuesday, January 10th. Vertical Research upgraded shares of Livent from a "hold" rating to a "buy" rating and set a $30.00 target price for the company in a research report on Wednesday, January 4th. Finally, Bank of America upgraded shares of Livent from an "underperform" rating to a "buy" rating and dropped their target price for the stock from $27.00 to $26.00 in a research report on Wednesday, January 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Livent presently has a consensus rating of "Moderate Buy" and an average target price of $28.78.
Livent Trading Up 2.6 %
Shares of Livent stock traded up $0.65 during trading on Tuesday, hitting $25.96. The stock had a trading volume of 648,631 shares, compared to its average volume of 3,591,251. The firm's fifty day simple moving average is $23.58 and its 200-day simple moving average is $27.39. The stock has a market cap of $4.66 billion, a PE ratio of 25.31 and a beta of 1.76. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.52 and a quick ratio of 2.65. Livent has a 12 month low of $18.26 and a 12 month high of $36.38.Livent (NYSE:LTHM – Get Rating) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The company had revenue of $231.60 million for the quarter, compared to the consensus estimate of $248.19 million. Livent had a net margin of 27.67% and a return on equity of 20.00%. As a group, sell-side analysts expect that Livent will post 1.35 EPS for the current fiscal year.
About Livent
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Livent Corp. engages in the production of performance lithium compounds. Its products include battery-grade lithium hydroxide, butyllithium, and purity lithium metal which are used in various performance applications. It operates through the following geographical segments: North America, Europe, Middle East, and Africa, Latin America, and Asia Pacific.
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