Wells Fargo & Company MN boosted its holdings in shares of Livent Corporation (NASDAQ:LTHM) by 22.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 648,525 shares of the company’s stock after acquiring an additional 118,005 shares during the period. Wells Fargo & Company MN owned 0.44% of Livent worth $4,487,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LTHM. Bank of America Corp DE purchased a new stake in Livent during the 4th quarter valued at about $305,000. Deutsche Bank AG purchased a new stake in Livent during the 4th quarter valued at about $419,000. Bank of Montreal Can purchased a new stake in Livent during the 1st quarter valued at about $310,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Livent during the 1st quarter valued at about $134,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Livent during the 1st quarter valued at about $306,000.

NASDAQ:LTHM traded up $0.05 on Thursday, hitting $7.17. The stock had a trading volume of 5,769 shares, compared to its average volume of 2,565,037. The company has a fifty day moving average price of $6.56 and a two-hundred day moving average price of $8.62. Livent Corporation has a 1-year low of $5.49 and a 1-year high of $19.90.

Livent (NASDAQ:LTHM) last posted its earnings results on Tuesday, August 6th. The company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $114.00 million during the quarter, compared to analyst estimates of $108.85 million. The company’s revenue for the quarter was up 5.7% on a year-over-year basis.

Several brokerages recently issued reports on LTHM. Zacks Investment Research cut shares of Livent from a “hold” rating to a “sell” rating in a research note on Thursday, August 15th. Nomura set a $9.00 price objective on shares of Livent and gave the company a “hold” rating in a research note on Wednesday, August 7th. Citigroup set a $8.00 target price on shares of Livent and gave the company a “hold” rating in a report on Monday, August 12th. Finally, Bank of America lowered shares of Livent from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $10.00 to $7.00 in a report on Monday, August 12th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.11.

Livent 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 (NASDAQ:LTHM)

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