Bridgeway Capital Management LLC Cuts Stake in 5E Advanced Materials, Inc. (NASDAQ:FEAM)

Bridgeway Capital Management LLC lowered its position in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) by 61.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 60,600 shares of the company’s stock after selling 95,400 shares during the period. Bridgeway Capital Management LLC’s holdings in 5E Advanced Materials were worth $39,000 as of its most recent SEC filing.

Separately, Geode Capital Management LLC increased its stake in shares of 5E Advanced Materials by 11.8% during the third quarter. Geode Capital Management LLC now owns 487,922 shares of the company’s stock valued at $264,000 after buying an additional 51,668 shares during the period.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on FEAM. Weiss Ratings restated a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Saturday. Maxim Group cut their price target on 5E Advanced Materials from $23.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, February 19th.

5E Advanced Materials Price Performance

Shares of FEAM stock opened at $4.40 on Wednesday. 5E Advanced Materials, Inc. has a 1-year low of $2.82 and a 1-year high of $45.89. The stock’s 50-day moving average is $4.14 and its 200 day moving average is $7.95. The company has a market cap of $79.18 million, a P/E ratio of -0.18 and a beta of 1.61. The company has a debt-to-equity ratio of 35.91, a current ratio of 0.15 and a quick ratio of 0.15.

5E Advanced Materials (NASDAQ:FEAM) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($4.83) earnings per share for the quarter. Research analysts predict that 5E Advanced Materials, Inc. will post -9.22 earnings per share for the current fiscal year.

5E Advanced Materials Company Profile

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.