Published on 19 Nov 2023 on Insider Monkey via Yahoo Finance
Livent Corporation (LTHM) Declined With Lithium Prices
Investment management company First Pacific Advisors recently released its “FPA Queens Road Small Cap Value Fund” third quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund returned -2.25% compared to a -2.96% return for the Russell 2000 Value Index. The Fund returned 2.57% YTD compared to -0.53% for the index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
FPA Queens Road Small Cap Value Fund highlighted stocks like Livent Corporation (NYSE:LTHM) in the third quarter 2023 investor letter. Headquartered in Philadelphia, Pennsylvania, Livent Corporation (NYSE:LTHM) is a performance lithium compounds manufacturer and distributor. On November 17, 2023, Livent Corporation (NYSE:LTHM) stock closed at $13.73 per share. One-month return of Livent Corporation (NYSE:LTHM) was -9.13%, and its shares lost 52.16% of their value over the last 52 weeks. Livent Corporation (NYSE:LTHM) has a market capitalization of $2.468 billion.
FPA Queens Road Small Cap Value Fund made the following comment about Livent Corporation (NYSE:LTHM) in its Q3 2023 investor letter: