Shares of Livent Corporation (NASDAQ:LTHM) rose 0.8% during trading on Monday . The company traded as high as $12.81 and last traded at $12.87. Approximately 102,082 shares were traded during mid-day trading, a decline of 97% from the average daily volume of 3,039,771 shares. The stock had previously closed at $12.77.
A number of research firms have recently issued reports on LTHM. Zacks Investment Research cut shares of Livent from a “hold” rating to a “strong sell” rating in a research note on Saturday, February 16th. HSBC began coverage on shares of Livent in a research note on Monday, December 3rd. They set a “buy” rating and a $22.00 target price for the company. Gabelli began coverage on shares of Livent in a research note on Wednesday, February 27th. They set a “buy” rating and a $21.00 target price for the company. Nomura cut shares of Livent from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 15th. Finally, Loop Capital cut their target price on shares of Livent to $18.00 and set a “buy” rating for the company in a research note on Wednesday, February 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $19.21.
Livent (NASDAQ:LTHM) last issued its quarterly earnings results on Monday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.23. The firm had revenue of $119.80 million during the quarter, compared to analyst estimates of $124.70 million.
Hedge funds have recently made changes to their positions in the business. Athena Capital Advisors LLC purchased a new position in shares of Livent in the 4th quarter worth about $28,000. PNC Financial Services Group Inc. bought a new stake in shares of Livent during the 4th quarter valued at about $31,000. Glassman Wealth Services bought a new stake in shares of Livent during the 4th quarter valued at about $33,000. Kwmg LLC bought a new stake in shares of Livent during the 4th quarter valued at about $63,000. Finally, Citigroup Inc. bought a new stake in shares of Livent during the 4th quarter valued at about $85,000.
