Wellington Management Co. LLP has recently announced that it has increased stake in Arcadium Lithium plc (NYSE:ALTM) by 0.92%. After grabbing 12.6 million shares, the institutional investor is now in possession of 0.11 million shares of the Basic Materials Company. The new investment brought the stake of investor firm to 7.01% having worth around $173.44 million. Moreover, SSgA Funds Management, Inc. increased its share by 0.14 million to have a control over 6.26 million shares. And Grantham, Mayo, Van Otterloo & Co raised its holdings to 1.98 million shares by acquiring 5.08 million shares or 2.83% of the stake.
Arcadium Lithium plc (ALTM) concluded trading on 01/04/24 at a closing price of $6.81, with 129.75 million shares of worth about $883.62 million changed hands on the day.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Arcadium Lithium plc iShares Core S&P Small Cap ETF is currently holding 12.03 million shares of worth totaling $165.48 million. The company recently came buying 5838.0 shares which brought its stake up to 6.69% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 7729.0 shares, after which its hold over company’s outstanding shares expand to 3.13%, leaving 5.62 million shares with the mutual fund that have a worth of about $77.4 million. Vanguard Small Cap Index Fund, after buying 4.65 million shares, have now control over 2.59% of the stake in the company. It holds 14264.0 shares of worth $64.01 million.
Wellington Management Co. LLP acquired 12.6 million shares of Arcadium Lithium plc having value of about $173.44 million. Data submitted at the U.S SEC by Wellington Management Co. LLP revealed that the firm now holds 0.11 million shares in the company valued at close to $778961.85, or have control over 0.92% stake in the company. Holding of mutual funds in the company is about 67.30% while other institutional holders and individual stake holders have control over 69.29% and 38.87% of the stake respectively.
Analysts are in expectations that Arcadium Lithium plc (ALTM) stock would likely to be making an EPS of $0.99 in the current quarter, while forecast for next quarter EPS is $1.39 and it is $5.53 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.96 which is $1.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$4.87 in the same quarter a year ago.
Analysts at 1 brokerage firms have issued recommendations for the Arcadium Lithium plc (ALTM)’s stock out of those 1 Wall Street analysts, 1 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
