22,243 Shares in 5E Advanced Materials, Inc. (NASDAQ:FEAM) Purchased by AQR Capital Management LLC

AQR Capital Management LLC bought a new position in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 22,243 shares of the company’s stock, valued at approximately $27,000.

Other institutional investors have also added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in 5E Advanced Materials during the second quarter valued at approximately $83,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in 5E Advanced Materials during the second quarter valued at approximately $61,000. Finally, Bleakley Financial Group LLC acquired a new stake in 5E Advanced Materials during the first quarter valued at approximately $42,000.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Maxim Group reduced their target price on 5E Advanced Materials from $4.00 to $1.25 and set a “buy” rating on the stock in a report on Thursday, September 12th. DA Davidson reissued a “buy” rating and issued a $10.00 target price on shares of 5E Advanced Materials in a report on Thursday, September 5th.

5E Advanced Materials Stock Down 3.9 %

Shares of FEAM opened at $0.60 on Friday. The company has a debt-to-equity ratio of 6.37, a current ratio of 0.70 and a quick ratio of 0.70. The business’s 50 day simple moving average is $0.65 and its 200-day simple moving average is $1.05. 5E Advanced Materials, Inc. has a one year low of $0.40 and a one year high of $2.82. The company has a market capitalization of $38.03 million, a P/E ratio of -0.54 and a beta of 1.93.

5E Advanced Materials (NASDAQ:FEAM) last posted its quarterly earnings data on Monday, September 9th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.16). As a group, sell-side analysts predict that 5E Advanced Materials, Inc. will post -0.4 EPS for the current fiscal year.

5E Advanced Materials 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.