Neuburgh Advisers LLC increased its stake in Livent Corporation (NASDAQ:LTHM) by 2.8% during the second quarter, HoldingsChannel reports. The firm owned 88,176 shares of the company’s stock after acquiring an additional 2,442 shares during the period. Neuburgh Advisers LLC’s holdings in Livent were worth $610,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of the stock. American Trust Investment Advisors LLC bought a new position in Livent during the second quarter valued at $116,000. Tiverton Asset Management LLC raised its stake in shares of Livent by 466.5% in the second quarter. Tiverton Asset Management LLC now owns 303,929 shares of the company’s stock valued at $2,103,000 after buying an additional 250,274 shares during the period. Riverhead Capital Management LLC lifted its position in shares of Livent by 109.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 24,300 shares of the company’s stock valued at $168,000 after buying an additional 12,689 shares during the last quarter. Isthmus Partners LLC purchased a new position in shares of Livent during the 2nd quarter valued at $1,285,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Livent by 1.4% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 902,884 shares of the company’s stock valued at $6,248,000 after buying an additional 12,347 shares during the last quarter.
LTHM stock traded up $0.15 during mid-day trading on Wednesday, reaching $6.99. 60,275 shares of the company traded hands, compared to its average volume of 2,567,547. The company has a fifty day moving average price of $6.46 and a 200-day moving average price of $8.83. Livent Corporation has a 52-week low of $5.49 and a 52-week high of $19.90.
Several equities research analysts recently weighed in on LTHM shares. Citigroup set a $8.00 price objective on Livent and gave the stock a “hold” rating in a report on Monday, August 12th. Nomura set a $9.00 price objective on shares of Livent and gave the company a “hold” rating in a report on Wednesday, August 7th. Argus downgraded shares of Livent from a “buy” rating to a “hold” rating and set a $7.58 price objective on the stock. in a report on Thursday, May 16th. Zacks Investment Research lowered shares of Livent from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th. Finally, Bank of America downgraded shares of Livent from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $10.00 to $7.00 in a research note on Monday, August 12th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Livent currently has a consensus rating of “Hold” and a consensus target price of $15.11.
Livent Corporation manufactures and sells performance lithium compounds that are used primarily in energy storage, specialty polymers, and chemical synthesis application. 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 supplies butyllithium, which is used as a synthesizer 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 the production of lightweight materials for aerospace applications and non-rechargeable batteries.
Recommended Story: Calculating net profit and net profit margin ratio
Want to see what other hedge funds are holding LTHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Livent Corporation (NASDAQ:LTHM).
Receive News & Ratings for Livent Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Livent and related companies with MarketBeat.com's FREE daily email newsletter.