Gamco Investors INC. ET AL Takes $766,000 Position in Livent Corporation (LTHM)
Gamco Investors INC. ET AL purchased a new position in Livent Corporation (NASDAQ:LTHM) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,352 shares of the company’s stock, valued at approximately $766,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. NJ State Employees Deferred Compensation Plan bought a new stake in Livent during the fourth quarter valued at approximately $552,000. New Jersey Better Educational Savings Trust bought a new stake in Livent during the fourth quarter valued at approximately $248,000. State of New Jersey Common Pension Fund D bought a new stake in Livent during the fourth quarter valued at approximately $4,968,000. Supplemental Annuity Collective Trust of NJ bought a new stake in Livent during the fourth quarter valued at approximately $138,000. Finally, RWC Asset Management LLP bought a new stake in Livent during the fourth quarter valued at approximately $5,365,000.
LTHM stock opened at $7.70 on Thursday. Livent Corporation has a one year low of $7.56 and a one year high of $19.90.
Several brokerages recently issued reports on LTHM. Credit Suisse Group restated an “outperform” rating and set a $12.00 target price (down from $18.00) on shares of Livent in a research report on Thursday, May 9th. Vertical Research lowered shares of Livent from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. Loop Capital cut their target price on shares of Livent to $12.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Zacks Investment Research upgraded shares of Livent from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th. Finally, Gabelli lowered shares of Livent from a “buy” rating to a “sell” rating in a research report on Thursday, May 9th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $17.43.
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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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