Arcadium Lithium plc (NYSE:ALTM) Given Average Rating of “Hold” by Brokerages

Shares of Arcadium Lithium plc (NYSE:ALTM) have been assigned an average rating of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat reports. Ten investment analysts have rated the stock with a hold recommendation. The average twelve-month target price among analysts that have covered the stock in the last year is $11.00.

Separately, Argus downgraded Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 12th.

Arcadium Lithium Stock Up 0.1 %

Shares of NYSE:ALTM opened at $5.85 on Tuesday. The company’s 50-day moving average price is $5.77 and its 200 day moving average price is $4.94. The company has a market cap of $6.29 billion, a PE ratio of 73.06 and a beta of 1.48. Arcadium Lithium has a fifty-two week low of $2.19 and a fifty-two week high of $5.87.

Arcadium Lithium (NYSE:ALTM) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.01 earnings per share 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 the consensus estimate of $250.96 million.

Insider Buying and Selling at Arcadium Lithium

In related news, CEO Paul W. Graves sold 234,038 shares of Arcadium Lithium stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $5.82, for a total transaction of $1,362,101.16. Following the transaction, the chief executive officer now directly owns 1,332,430 shares of the company’s stock, valued at $7,754,742.60. The trade was a 14.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.39% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Arcadium Lithium

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

About Arcadium Lithium

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.