Peregrine Capital Management LLC Acquires 10,425 Shares of Livent Corporation (NYSE:LTHM)

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Peregrine Capital Management LLC lifted its holdings in shares of Livent Corporation (NYSE:LTHM) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 728,001 shares of the company’s stock after purchasing an additional 10,425 shares during the period. Peregrine Capital Management LLC owned about 0.50% of Livent worth $4,484,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Magnus Financial Group LLC raised its stake in shares of Livent by 42.1% during the 1st quarter. Magnus Financial Group LLC now owns 22,648 shares of the company’s stock worth $119,000 after purchasing an additional 6,709 shares during the period. Franklin Resources Inc. raised its stake in shares of Livent by 19.7% during the 1st quarter. Franklin Resources Inc. now owns 5,453,587 shares of the company’s stock worth $28,631,000 after purchasing an additional 895,843 shares during the period. APG Asset Management N.V. bought a new stake in Livent in the 1st quarter valued at about $1,888,000. Invesco Ltd. raised its stake in Livent by 74.5% in the 1st quarter. Invesco Ltd. now owns 1,567,240 shares of the company’s stock valued at $8,228,000 after acquiring an additional 668,941 shares during the period. Finally, Advisor Group Holdings Inc. bought a new stake in Livent in the 1st quarter valued at about $108,000. Institutional investors own 98.81% of the company’s stock.

Shares of NYSE LTHM opened at $6.27 on Friday. Livent Corporation has a 12 month low of $3.95 and a 12 month high of $12.29. The company has a current ratio of 3.04, a quick ratio of 1.51 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $916.53 million, a price-to-earnings ratio of 28.50, a PEG ratio of 5.42 and a beta of 2.07. The business has a 50-day moving average of $6.64 and a 200-day moving average of $7.21.

Livent (NYSE:LTHM) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). Livent had a return on equity of 8.52% and a net margin of 8.76%. The business had revenue of $68.50 million for the quarter, compared to analysts’ expectations of $91.77 million. During the same period in the previous year, the firm posted $0.12 EPS. The firm’s revenue for the quarter was down 30.3% compared to the same quarter last year. On average, analysts predict that Livent Corporation will post 0.12 earnings per share for the current year.

A number of equities research analysts recently issued reports on LTHM shares. Credit Suisse Group lowered their price objective on Livent from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 12th. Citigroup lowered their price objective on Livent from $9.00 to $6.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. BMO Capital Markets upped their price target on Livent from $5.50 to $6.50 and gave the company a “market perform” rating in a research report on Tuesday, May 12th. Loop Capital decreased their price target on Livent from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Thursday, July 2nd. Finally, Zacks Investment Research upgraded Livent from a “sell” rating to a “hold” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $6.64.

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.

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Institutional Ownership by Quarter for Livent (NYSE:LTHM)

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