Arcadium Lithium plc (NYSE:ALTM) Receives $11.00 Average Target Price from Analysts

Arcadium Lithium plc (NYSE:ALTM) has earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. Ten research analysts have rated the stock with a hold recommendation. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $11.00.

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

Arcadium Lithium Trading Up 0.1 %

Shares of ALTM opened at $5.85 on Tuesday. Arcadium Lithium has a 12-month low of $2.19 and a 12-month high of $5.87. The firm has a 50-day moving average price of $5.75 and a 200 day moving average price of $4.87. The firm has a market capitalization of $6.29 billion, a P/E ratio of 73.06 and a beta of 1.48.

Arcadium Lithium (NYSE:ALTM) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). The company had revenue of $289.00 million for the quarter, compared to analysts’ expectations of $250.96 million.

Insiders Place Their Bets

In other news, CEO Paul W. Graves sold 234,038 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $5.82, for a total transaction of $1,362,101.16. Following the sale, the chief executive officer now owns 1,332,430 shares of the company’s stock, valued at approximately $7,754,742.60. This represents a 14.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is currently owned by insiders.

Institutional Trading of 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) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,050 shares of the company’s stock, valued at approximately $82,000. Hedge funds and other 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.