Standard Lithium Ltd. (NYSE:SLI) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lowered its holdings in shares of Standard Lithium Ltd. (NYSE:SLI) by 15.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,232 shares of the company’s stock after selling 13,425 shares during the period. HighTower Advisors LLC’s holdings in Standard Lithium were worth $120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of SLI. MBA Advisors LLC purchased a new stake in shares of Standard Lithium in the third quarter valued at about $37,000. Legacy Capital Wealth Partners LLC acquired a new position in Standard Lithium in the 2nd quarter valued at about $74,000. XTX Topco Ltd purchased a new stake in Standard Lithium during the 2nd quarter valued at approximately $78,000. Nwam LLC acquired a new stake in Standard Lithium during the 3rd quarter worth approximately $80,000. Finally, Simmons Bank grew its stake in shares of Standard Lithium by 29.4% in the 3rd quarter. Simmons Bank now owns 56,476 shares of the company’s stock valued at $91,000 after purchasing an additional 12,840 shares during the last quarter. 16.77% of the stock is owned by hedge funds and other institutional investors.

Standard Lithium Trading Down 0.6 %

Shares of SLI stock opened at $1.53 on Friday. The stock has a 50 day simple moving average of $1.83 and a 200-day simple moving average of $1.53. The company has a market cap of $264.31 million, a price-to-earnings ratio of 2.59 and a beta of 1.63. Standard Lithium Ltd. has a 12-month low of $1.05 and a 12-month high of $2.64.

Standard Lithium (NYSE:SLI) last released its quarterly earnings data on Tuesday, September 24th. The company reported ($0.04) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.04). On average, equities analysts forecast that Standard Lithium Ltd. will post -0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their price target on Standard Lithium from $3.90 to $4.40 and gave the stock a “speculative buy” rating in a report on Monday, November 25th.

About Standard Lithium

Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. Its flagship project is the Lanxess project with area of approximately 150,000 acres located in southern Arkansas. The company was formerly known as Patriot Petroleum Corp. and changed its name to Standard Lithium Ltd.