APG Asset Management N.V. Invests $1.89 Million in Livent Corporation (NYSE:LTHM)

APG Asset Management N.V. bought a new stake in Livent Corporation (NYSE:LTHM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 172,672 shares of the company’s stock, valued at approximately $1,888,000. APG Asset Management N.V. owned 0.12% of Livent as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LTHM. Islay Capital Management LLC acquired a new position in Livent during the 4th quarter worth about $27,000. NewSquare Capital LLC acquired a new position in shares of Livent in the first quarter valued at approximately $32,000. Veritas Investment Management LLP acquired a new stake in Livent during the 1st quarter worth approximately $46,000. Chevy Chase Trust Holdings Inc. purchased a new position in Livent in the 4th quarter valued at approximately $50,000. Finally, Marshall Wace LLP purchased a new stake in shares of Livent during the first quarter worth $52,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

Livent stock opened at $6.00 on Wednesday. The business has a 50 day simple moving average of $6.71 and a 200-day simple moving average of $7.53. Livent Corporation has a 12 month low of $3.95 and a 12 month high of $12.29. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.04 and a quick ratio of 1.51. The stock has a market capitalization of $900.47 million, a PE ratio of 27.27, a price-to-earnings-growth ratio of 19.13 and a beta of 2.08.

Livent (NYSE:LTHM) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.02). The firm had revenue of $68.50 million during the quarter, compared to analyst estimates of $91.77 million. Livent had a net margin of 8.76% and a return on equity of 8.52%. Livent’s revenue for the quarter was down 30.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 EPS. As a group, equities research analysts anticipate that Livent Corporation will post 0.1 EPS for the current year.

Several research firms recently commented on LTHM. Zacks Investment Research upgraded Livent from a “sell” rating to a “hold” rating in a report on Wednesday, June 24th. Credit Suisse Group decreased their price objective on shares of Livent from $6.00 to $5.00 and set a “neutral” rating for the company in a research report on Tuesday, May 12th. Citigroup cut their price target on Livent from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Vertical Research raised Livent from a “sell” rating to a “hold” rating in a research report on Thursday, March 26th. Finally, BMO Capital Markets increased their price target on shares of Livent from $5.50 to $6.50 and gave the company a “market perform” rating in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a sell rating and ten have issued a hold rating to the stock. Livent presently has an average rating of “Hold” and an average price target of $6.42.

Livent Company Profile

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.

Further Reading: Neutral Rating

Institutional Ownership by Quarter for Livent (NYSE:LTHM)

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