Barclays PLC Has $307,000 Stock Holdings in Piedmont Lithium Inc. (NASDAQ:PLL)

Barclays PLC grew its stake in shares of Piedmont Lithium Inc. (NASDAQ:PLL) by 104.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 34,322 shares of the mineral exploration company’s stock after acquiring an additional 17,569 shares during the quarter. Barclays PLC’s holdings in Piedmont Lithium were worth $307,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. National Bank of Canada FI grew its position in Piedmont Lithium by 2,095.4% during the 3rd quarter. National Bank of Canada FI now owns 2,854 shares of the mineral exploration company’s stock worth $25,000 after purchasing an additional 2,724 shares in the last quarter. FMR LLC grew its holdings in shares of Piedmont Lithium by 38.7% during the third quarter. FMR LLC now owns 3,353 shares of the mineral exploration company’s stock valued at $30,000 after buying an additional 936 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Piedmont Lithium during the second quarter valued at $47,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Piedmont Lithium during the 2nd quarter worth about $58,000. Finally, Quantinno Capital Management LP purchased a new position in Piedmont Lithium during the 3rd quarter valued at about $103,000. Institutional investors and hedge funds own 52.23% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on PLL shares. Roth Capital lowered shares of Piedmont Lithium from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $8.00 target price (down previously from $9.00) on shares of Piedmont Lithium in a research note on Monday, October 21st. Macquarie raised shares of Piedmont Lithium from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Roth Mkm cut Piedmont Lithium from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $32.00 to $13.00 in a research report on Wednesday, November 20th. Finally, BMO Capital Markets upped their target price on Piedmont Lithium from $9.50 to $14.00 and gave the stock a “market perform” rating in a research report on Friday, November 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.21.

Insider Buying and Selling

In related news, CEO Keith D. Phillips sold 41,867 shares of Piedmont Lithium stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $12.31, for a total value of $515,382.77. Following the transaction, the chief executive officer now owns 170,616 shares in the company, valued at $2,100,282.96. This trade represents a 19.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.81% of the company’s stock.

Piedmont Lithium Price Performance

Shares of NASDAQ:PLL opened at $9.79 on Friday. The stock has a market capitalization of $190.30 million, a P/E ratio of -2.39 and a beta of 0.72. The business has a 50-day moving average of $11.40 and a two-hundred day moving average of $10.32. Piedmont Lithium Inc. has a fifty-two week low of $6.57 and a fifty-two week high of $26.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.99 and a quick ratio of 1.99.

Piedmont Lithium Company Profile

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.