68,444 Shares in 5E Advanced Materials, Inc. (NASDAQ:FEAM) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new position in shares of 5E Advanced Materials, Inc. (NASDAQ:FEAM) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 68,444 shares of the company’s stock, valued at approximately $83,000.

A number of other institutional investors also recently added to or reduced their stakes in FEAM. AQR Capital Management LLC acquired a new position in shares of 5E Advanced Materials in the 2nd quarter worth approximately $27,000. Bleakley Financial Group LLC acquired a new position in 5E Advanced Materials during the first quarter worth $42,000. Leo Wealth LLC bought a new position in shares of 5E Advanced Materials during the fourth quarter valued at $60,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of 5E Advanced Materials in the 2nd quarter valued at $61,000.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FEAM. DA Davidson reiterated a “buy” rating and set a $10.00 target price on shares of 5E Advanced Materials in a research report on Thursday, September 5th. Maxim Group dropped their price objective on shares of 5E Advanced Materials from $4.00 to $1.25 and set a “buy” rating for the company in a report on Thursday, September 12th.

5E Advanced Materials Stock Performance

5E Advanced Materials stock opened at $0.63 on Wednesday. The stock has a 50-day simple moving average of $0.66 and a 200 day simple moving average of $1.06. The stock has a market capitalization of $39.71 million, a price-to-earnings ratio of -0.56 and a beta of 1.93. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 6.37. 5E Advanced Materials, Inc. has a 12-month low of $0.40 and a 12-month high of $3.15.

5E Advanced Materials (NASDAQ:FEAM) last announced its earnings results on Monday, September 9th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.16). On average, research analysts anticipate that 5E Advanced Materials, Inc. will post -0.4 earnings per share for the current fiscal year.

About 5E Advanced Materials

5E Advanced Materials, Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in the Mojave Desert region in eastern San Bernardino County, California.