Arcadium Lithium plc (NYSE:ALTM) Given Consensus Recommendation of “Hold” by Brokerages

Arcadium Lithium plc (NYSE:ALTM) has received a consensus recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $11.00.

ALTM has been the subject of a number of analyst reports. Scotiabank lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. B. Riley lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Argus lowered Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research report on Thursday, December 12th.

Insider Activity at Arcadium Lithium

In related news, CEO Paul W. Graves sold 234,038 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $5.82, for a total value of $1,362,101.16. Following the transaction, the chief executive officer now directly owns 1,332,430 shares in the company, valued at approximately $7,754,742.60. This represents a 14.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.39% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Arcadium Lithium stock. Comprehensive Money Management Services LLC purchased a new position in shares of Arcadium Lithium plc (NYSE:ALTM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,050 shares of the company’s stock, valued at approximately $82,000. 27.00% of the stock is owned by institutional investors and hedge funds.

Arcadium Lithium Trading Up 0.1 %

NYSE:ALTM opened at $5.85 on Tuesday. The stock has a 50 day moving average of $5.70 and a two-hundred day moving average of $4.83. The firm has a market cap of $6.29 billion, a P/E ratio of 73.06 and a beta of 1.48. Arcadium Lithium has a 12 month low of $2.19 and a 12 month high of $5.87.

Arcadium Lithium (NYSE:ALTM) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The firm had revenue of $289.00 million during the quarter, compared to analyst estimates of $250.96 million.

Arcadium Lithium Company Profile

Arcadium Lithium plc engages in the production of lithium chemicals products in the Asia Pacific, North America, Europe, the Middle East, Africa, and Latin America. It offers battery-grade lithium hydroxide, lithium carbonate, butyllithium and high purity lithium metal for electric vehicles, electronics, agricultural, industrial, greases, polymers, pharmaceutical, battery, and aerospace applications.