Cwm LLC Purchases 25,241 Shares of Piedmont Lithium Inc. (NASDAQ:PLL)

Cwm LLC lifted its holdings in Piedmont Lithium Inc. (NASDAQ:PLL) by 40.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,851 shares of the mineral exploration company’s stock after purchasing an additional 25,241 shares during the quarter. Cwm LLC’s holdings in Piedmont Lithium were worth $2,480,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PLL. Mirae Asset Global Investments Co. Ltd. lifted its position in Piedmont Lithium by 107.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 390,064 shares of the mineral exploration company’s stock valued at $11,012,000 after purchasing an additional 201,881 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Piedmont Lithium by 11.3% in the 3rd quarter. Invesco Ltd. now owns 570,392 shares of the mineral exploration company’s stock worth $22,645,000 after buying an additional 58,012 shares during the last quarter. SG Americas Securities LLC raised its position in shares of Piedmont Lithium by 83.5% during the 4th quarter. SG Americas Securities LLC now owns 23,542 shares of the mineral exploration company’s stock valued at $665,000 after buying an additional 10,713 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Piedmont Lithium by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,021,517 shares of the mineral exploration company’s stock valued at $40,554,000 after acquiring an additional 44,335 shares during the last quarter. Finally, Boston Partners grew its position in Piedmont Lithium by 251.4% in the third quarter. Boston Partners now owns 71,453 shares of the mineral exploration company’s stock worth $2,837,000 after acquiring an additional 51,118 shares in the last quarter. Institutional investors own 52.23% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PLL shares. BMO Capital Markets started coverage on Piedmont Lithium in a research report on Friday, February 16th. They set a “market perform” rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on Piedmont Lithium from $25.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, February 8th. TD Cowen downgraded Piedmont Lithium from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $55.00 to $20.00 in a research report on Monday, January 29th. DA Davidson reiterated a “buy” rating and set a $60.00 price objective on shares of Piedmont Lithium in a research report on Tuesday, April 16th. Finally, BTIG Research lowered shares of Piedmont Lithium from a “buy” rating to a “neutral” rating in a report on Friday, February 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $65.67.

Piedmont Lithium Trading Up 2.8 %

PLL stock opened at $11.42 on Friday. Piedmont Lithium Inc. has a twelve month low of $10.82 and a twelve month high of $65.72. The business’s fifty day simple moving average is $13.16 and its two-hundred day simple moving average is $21.04.

Piedmont Lithium (NASDAQ:PLL) last posted its quarterly earnings results on Thursday, February 22nd. The mineral exploration company reported ($1.23) EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($1.61). The firm had revenue of ($7.31) million for the quarter, compared to analysts’ expectations of $32.76 million. Analysts forecast that Piedmont Lithium Inc. will post -0.43 EPS for the current year.

About Piedmont Lithium

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.