Fintel reports that on March 1, 2024, Wolfe Research initiated coverage of Arcadium Lithium (NYSE:ALTM) with a Peer Perform recommendation.
Analyst Price Forecast Suggests 42.58% Upside
As of February 23, 2024, the average one-year price target for Arcadium Lithium is 7.88. The forecasts range from a low of 4.54 to a high of $13.65. The average price target represents an increase of 42.58% from its latest reported closing price of 5.53.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Arcadium Lithium is 1,668MM, an increase of 89.01%. The projected annual non-GAAP EPS is 0.32.
What is the Fund Sentiment?
There are 189 funds or institutions reporting positions in Arcadium Lithium. This is an increase of 13 owner(s) or 7.39% in the last quarter. Average portfolio weight of all funds dedicated to ALTM is 0.24%, an increase of 6.95%. Total shares owned by institutions increased in the last three months by 20.24% to 8,653K shares. 
The put/call ratio of ALTM is 0.35, indicating a bullish outlook.
What are Other Shareholders Doing?
SMLPX - Westwood Salient MLP & Energy Infrastructure Fund Institutional Shares holds 692K shares representing 0.06% ownership of the company. In it's prior filing, the firm reported owning 61K shares, representing an increase of 91.24%. The firm increased its portfolio allocation in ALTM by 930.14% over the last quarter.
Cohen & Steers Infrastructure Fund holds 634K shares representing 0.06% ownership of the company. In it's prior filing, the firm reported owning 330K shares, representing an increase of 48.00%. The firm increased its portfolio allocation in ALTM by 70.60% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 539K shares representing 0.05% ownership of the company. No change in the last quarter.
PRPAX - PGIM Jennison MLP Fund holds 506K shares representing 0.05% ownership of the company. In it's prior filing, the firm reported owning 501K shares, representing an increase of 0.92%. The firm increased its portfolio allocation in ALTM by 2.66% over the last quarter.
Neuberger Berman Mlp Income Fund holds 476K shares representing 0.04% ownership of the company. No change in the last quarter.
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