Unusual Call Option Trade in Livent Worth $412.09K

On May 16, 2023 at 15:31:36 ET an unusually large $412.09K block of Call contracts in Livent (LTHM) was sold, with a strike price of $20.00 / share, expiring in 3 day(s) (on May 19, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 3.12 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in LTHM options.

This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 846 funds or institutions reporting positions in Livent. This is an increase of 14 owner(s) or 1.68% in the last quarter. Average portfolio weight of all funds dedicated to LTHM is 0.33%, an increase of 17.41%. Total shares owned by institutions increased in the last three months by 4.23% to 203,794K shares. The put/call ratio of LTHM is 0.95, indicating a bullish outlook.

Analyst Price Forecast Suggests 32.14% Upside

As of May 11, 2023, the average one-year price target for Livent is 33.50. The forecasts range from a low of 26.26 to a high of $47.25. The average price target represents an increase of 32.14% from its latest reported closing price of 25.35.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Livent is 1,138MM, an increase of 23.27%. The projected annual non-GAAP EPS is 1.88.

What are Other Shareholders Doing?

IJR – iShares Core S&P Small-Cap ETF holds 13,291K shares representing 7.40% ownership of the company. In it’s prior filing, the firm reported owning 13,109K shares, representing an increase of 1.37%. The firm decreased its portfolio allocation in LTHM by 40.20% over the last quarter.

Wellington Management Group Llp holds 7,573K shares representing 4.21% ownership of the company. In it’s prior filing, the firm reported owning 7,824K shares, representing a decrease of 3.31%. The firm decreased its portfolio allocation in LTHM by 85.24% over the last quarter.

Grantham, Mayo, Van Otterloo & Co. holds 5,879K shares representing 3.27% ownership of the company. In it’s prior filing, the firm reported owning 2,946K shares, representing an increase of 49.89%. The firm increased its portfolio allocation in LTHM by 108.29% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 5,440K shares representing 3.03% ownership of the company. In it’s prior filing, the firm reported owning 5,342K shares, representing an increase of 1.80%. The firm decreased its portfolio allocation in LTHM by 39.04% over the last quarter.

Capital International Investors holds 4,944K shares representing 2.75% ownership of the company.

Livent Background Information
(This description is provided by the company.)

For nearly eight decades, Livent has partnered with its customers to safely and sustainably use lithium to power the world. Livent is one of only a small number of companies with the capability, reputation, and know-how to produce high-quality finished lithium compounds that are helping meet the growing demand for lithium. The company has one of the broadest product portfolios in the industry, powering demand for green energy, modern mobility, the mobile economy, and specialized innovations, including light alloys and lubricants. Livent employs approximately 800 people throughout the world and operates manufacturing sites in the United States, England, India, China and Argentina.

Key filings for this company:

This article originally appeared on Fintel

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