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2 days Ago By Defense World Staff
Commonwealth Equity Services LLC raised its holdings in Lithium Americas (Argentina) Corp. (NYSE:LAAC – Free Report) by 59.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC.
The fund owned 38,425 shares of the company’s stock after buying an additional 14,377 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Lithium Americas (Argentina) were worth $101,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors have also recently modified their holdings of LAAC.
Banco Santander S.A. acquired a new position in shares of Lithium Americas (Argentina) in the 4th quarter valued at about $37,000.
Ping Capital Management Inc. lifted its stake in Lithium Americas (Argentina) by 36.4% in the 4th quarter.
Ping Capital Management Inc. now owns 15,000 shares of the company’s stock valued at $39,000 after buying an additional 4,000 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Lithium Americas (Argentina) in the third quarter worth approximately $40,000.
XTX Topco Ltd acquired a new stake in Lithium Americas (Argentina) during the 3rd quarter worth $54,000. Finally, Jones Financial Companies Lllp grew its stake in Lithium Americas (Argentina) by 177.9% during the 4th quarter.
Jones Financial Companies Lllp now owns 20,694 shares of the company’s stock valued at $54,000 after acquiring an additional 13,247 shares in the last quarter. 49.17% of the stock is owned by hedge funds and other institutional investors.
Lithium Americas (Argentina) Price PerformanceNYSE LAAC opened at $1.99 on Friday. The stock has a market capitalization of $322.
24 million, a P/E ratio of 0.26 and a beta of 1.35.
Lithium Americas has a 12 month low of $2.07 and a 12 month high of $5.68.
The firm’s 50-day moving average is $2.28 and its two-hundred day moving average is $2.84.
Analyst Upgrades and DowngradesSeparately, Cormark upgraded Lithium Americas (Argentina) to a “moderate buy” rating in a report on Monday, January 20th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.
42.Get Our Latest Analysis on Lithium Americas (Argentina)Lithium Americas (Argentina) Profile (Free Report)Lithium Americas (Argentina) Corp. operates as a resource company.
The company explores for lithium deposits. The company owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina. It also has a pipeline of development and exploration stage projects, including the Pastos Grandes project and the Sal de la Puna project located in Salta Province in northwestern Argentina.
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