Arcadium Lithium plc (NYSE:ALTM) Receives $11.00 Consensus PT from Analysts

Shares of Arcadium Lithium plc (NYSE:ALTM) have received a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat reports. Ten analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $11.00.

Separately, Argus cut shares of Arcadium Lithium from a “strong-buy” rating to a “hold” rating in a report on Thursday, December 12th.

Insider Transactions at Arcadium Lithium

In related news, CEO Paul W. Graves sold 234,038 shares of Arcadium Lithium stock in a transaction on Monday, February 24th. The shares were sold at an average price of $5.82, for a total value of $1,362,101.16. Following the transaction, the chief executive officer now directly owns 1,332,430 shares in the company, valued at $7,754,742.60. This trade represents a 14.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.39% of the company’s stock.

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 stake in Arcadium Lithium plc (NYSE:ALTM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,050 shares of the company’s stock, valued at approximately $82,000. 27.00% of the stock is owned by hedge funds and other institutional investors.

Arcadium Lithium Trading Up 0.1 %

ALTM stock opened at $5.85 on Tuesday. Arcadium Lithium has a twelve month low of $2.19 and a twelve month high of $5.87. The company’s 50 day moving average is $5.75 and its two-hundred day moving average is $4.87. The stock has a market cap of $6.29 billion, a P/E ratio of 73.06 and a beta of 1.48.

Arcadium Lithium (NYSE:ALTM) last released its quarterly earnings data 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 business had revenue of $289.00 million for the quarter, compared to the consensus estimate of $250.96 million.

Arcadium Lithium Company Profile

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.