Invesco Ltd. Reduces Holdings in Standard Lithium Ltd. $SLI

Key Points

• Invesco Ltd. reduced its holdings in Standard Lithium Ltd. by 10.1%, owning approximately 2.78 million shares valued at $3.53 million following the sale of 312,389 shares.
• Several hedge funds, including Y Intercept Hong Kong Ltd. and Alps Advisors Inc., increased their stakes in Standard Lithium during the first quarter of 2023.
• Analysts have given Standard Lithium a consensus rating of "Strong Buy" with a target price of $3.58, as noted by recent reports from brokerages including BMO Capital Markets.

Invesco Ltd. decreased its holdings in Standard Lithium Ltd. (NYSEAMERICAN:SLI - Free Report) by 10.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,781,693 shares of the company's stock after selling 312,389 shares during the period. Invesco Ltd. owned about 1.43% of Standard Lithium worth $3,533,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of Standard Lithium in the 1st quarter worth $435,000. Stephens Inc. AR boosted its stake in shares of Standard Lithium by 3.4% in the first quarter. Stephens Inc. AR now owns 247,005 shares of the company's stock worth $314,000 after acquiring an additional 8,150 shares during the last quarter. Alps Advisors Inc. increased its holdings in shares of Standard Lithium by 103.6% in the first quarter. Alps Advisors Inc. now owns 316,244 shares of the company's stock valued at $402,000 after purchasing an additional 160,907 shares during the last quarter. Naviter Wealth LLC purchased a new stake in Standard Lithium in the first quarter valued at $36,000. Finally, Sowell Financial Services LLC purchased a new position in Standard Lithium during the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 16.70% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SLI. BMO Capital Markets upgraded shares of Standard Lithium to a "strong-buy" rating in a report on Wednesday, August 6th. Raymond James Financial initiated coverage on Standard Lithium in a research note on Friday, July 11th. They issued an "outperform" rating and a $2.75 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Strong Buy" and a consensus target price of $3.58.

Standard Lithium Stock Down 0.7%

Shares of NYSEAMERICAN SLI opened at $2.94 on Friday. The company has a market cap of $570.18 million, a price-to-earnings ratio of -13.36 and a beta of 1.69. Standard Lithium Ltd. has a 12 month low of $1.08 and a 12 month high of $3.13. The business has a fifty day simple moving average of $2.53 and a 200-day simple moving average of $1.82.

Standard Lithium Company Profile

Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. Its flagship project is the Lanxess project with area of approximately 150,000 acres located in southern Arkansas. The company was formerly known as Patriot Petroleum Corp. and changed its name to Standard Lithium Ltd.

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