Do You Think Livent Corporation (LTHM) is an Attractive Investment?

Investment management company First Pacific Advisors recently released its “FPA Queens Road Small Cap Value Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the quarter, the fund returned -5.72% compared to a -4.61 % return for the Russell 2000 Value Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

In the third-quarter letter, FPA discussed stocks like Livent Corporation (NYSE:LTHM). Headquartered in Philadelphia, Pennsylvania, Livent Corporation (NYSE:LTHM) is a manufacturer of performance lithium compounds. On October 28, 2022, Livent Corporation (NYSE:LTHM) stock closed at $31.27 per share. One-month return of Livent Corporation (NYSE:LTHM) was 2.06% and its shares gained 7.35% of their value over the last 52 weeks. Livent Corporation (NYSE:LTHM) has a market capitalization of $5.606 billion.

FPA made the following comment about Livent Corporation (NYSE:LTHM) in its Q3 2022 investor letter:

“Livent Corporation (NYSE:LTHM) is an integrated, low-cost lithium miner and processor that was spun out of FMC Corporation in 2018.9 Lithium is an essential component of electric vehicle batteries, is chronically undersupplied and spot Lithium Carbonate continues to hit new highs even as other commodity prices have come down. 10 Livent is currently running at roughly breakeven profitability, but our work suggests they will benefit from rising Lithium prices and credible capacity expansion plans. This is an unusual investment for us – we are generally wary of our ability to forecast commodity markets and we have sized the Livent position commensurately.”

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Livent Corporation (NYSE:LTHM) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 30 hedge fund portfolios held Livent Corporation (NYSE:LTHM) at the end of the second quarter, which was 25 in the previous quarter.

We discussed Livent Corporation (NYSE:LTHM) in another article and shared 10 American stocks that will benefit from the new Cold War. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.