Arcadium Lithium plc (NYSE:ALTM) Receives Consensus Rating of "Hold" from Analysts

Shares of Arcadium Lithium plc (NYSE:ALTM - Get Free Report) have been assigned an average rating of "Hold" from the ten brokerages that are presently covering the company, MarketBeat.com reports. Ten investment analysts have rated the stock with a hold rating. The average 1 year price target among brokers that have issued a report 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 research report on Thursday, December 12th.

Arcadium Lithium Trading Up 0.1 %

Shares of Arcadium Lithium stock traded up $0.01 during trading hours on Tuesday, reaching $5.85. 93,149,574 shares of the company's stock were exchanged, compared to its average volume of 20,077,770. Arcadium Lithium has a 52-week low of $2.19 and a 52-week high of $5.87. The company has a fifty day moving average of $5.75 and a 200-day moving average of $4.87. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of 73.06 and a beta of 1.48.

Arcadium Lithium (NYSE:ALTM - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.03). The company had revenue of $289.00 million during the quarter, compared to analysts' expectations of $250.96 million.

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Insider Buying and Selling

In other news, CEO Paul W. Graves sold 234,038 shares of the company's 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 completion of the transaction, the chief executive officer now directly owns 1,332,430 shares in the company, 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 this link. 0.39% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Arcadium Lithium

An institutional investor recently bought a new position in Arcadium Lithium stock. Comprehensive Money Management Services LLC purchased a new position in Arcadium Lithium plc (NYSE:ALTM - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 16,050 shares of the company's stock, valued at approximately $82,000. 27.00% of the stock is owned by institutional investors and hedge funds.

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.