1 week Ago By ABMN Staff
Invesco Ltd. lessened its holdings in Piedmont Lithium Inc. ( NASDAQ:PLL – Free Report ) by 26.
5% during the fourth quarter, Holdings Channel.com reports. The firm owned 524,954 shares of the mineral exploration company’s stock after selling 188,833 shares during the quarter.
Invesco Ltd.’s holdings in Piedmont Lithium were worth $4,588,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also made changes to their positions in PLL.
Geode Capital Management LLC boosted its position in shares of Piedmont Lithium by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 413,366 shares of the mineral exploration company’s stock worth $3,614,000 after purchasing an additional 4,505 shares in the last quarter.
Bank of New York Mellon Corp boosted its holdings in Piedmont Lithium by 2.7% in the fourth quarter. Bank of New York Mellon Corp now owns 70,082 shares of the mineral exploration company’s stock worth $613,000 after acquiring an additional 1,855 shares in the last quarter.
Barclays PLC boosted its holdings in Piedmont Lithium by 104.9% in the third quarter. Barclays PLC now owns 34,322 shares of the mineral exploration company’s stock worth $307,000 after acquiring an additional 17,569 shares in the last quarter.
JPMorgan Chase & Co. grew its stake in shares of Piedmont Lithium by 6.0% in the fourth quarter.
JPMorgan Chase & Co. now owns 32,938 shares of the mineral exploration company’s stock worth $288,000 after acquiring an additional 1,878 shares during the last quarter. Finally, American Century Companies Inc.
bought a new position in shares of Piedmont Lithium during the fourth quarter valued at $109,000. Institutional investors own 52.23% of the company’s stock.
Analyst Ratings Changes Separately, Roth Mkm dropped their price target on shares of Piedmont Lithium from $13.00 to $8.25 and set a “neutral” rating on the stock in a research note on Friday, February 21st.
One analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.
75. Piedmont Lithium Stock Down 4.9 % PLL stock opened at $8.
47 on Friday. The stock has a market capitalization of $185.87 million, a P/E ratio of -2.
55 and a beta of 0.55. The company has a debt-to-equity ratio of 0.
01, a current ratio of 2.23 and a quick ratio of 1.99.
Piedmont Lithium Inc. has a 1-year low of $5.15 and a 1-year high of $16.
59. The business has a fifty day moving average price of $6.89 and a 200-day moving average price of $9.
32. Piedmont Lithium ( NASDAQ:PLL – Get Free Report ) last issued its earnings results on Thursday, February 20th. The mineral exploration company reported ($0.
55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.12).
The business had revenue of $45.59 million during the quarter, compared to analysts’ expectations of $52.60 million.
Piedmont Lithium had a negative return on equity of 17.74% and a negative net margin of 64.84%.
Equities analysts forecast that Piedmont Lithium Inc. will post -0.91 earnings per share for the current fiscal year.
Piedmont Lithium Company Profile ( Free Report ) Piedmont Lithium Inc, a development stage company, engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Carolina Lithium Project that include an area of approximately 3,706 acres located within the Carolina Tin-Spodumene Belt situated to the northwest of Charlotte, North Carolina in the United States. Further Reading Want to see what other hedge funds are holding PLL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Piedmont Lithium Inc. ( NASDAQ:PLL – Free Report ). Receive News & Ratings for Piedmont Lithium Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Piedmont Lithium and related companies with MarketBeat.
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