Lithium Americas (Argentina) Corp. (NYSE:LAAC) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its position in shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 27.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,720 shares of the company’s stock after selling 9,358 shares during the period. HighTower Advisors LLC’s holdings in Lithium Americas (Argentina) were worth $65,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Old West Investment Management LLC grew its position in shares of Lithium Americas (Argentina) by 193.6% in the third quarter. Old West Investment Management LLC now owns 98,032 shares of the company’s stock valued at $320,000 after purchasing an additional 64,646 shares during the last quarter. XTX Topco Ltd acquired a new stake in Lithium Americas (Argentina) during the 3rd quarter valued at $54,000. Public Employees Retirement System of Ohio purchased a new position in Lithium Americas (Argentina) during the third quarter worth $120,000. Barclays PLC raised its holdings in shares of Lithium Americas (Argentina) by 30.1% in the third quarter. Barclays PLC now owns 92,438 shares of the company’s stock worth $301,000 after acquiring an additional 21,388 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Lithium Americas (Argentina) by 37.1% in the third quarter. Geode Capital Management LLC now owns 65,252 shares of the company’s stock valued at $214,000 after acquiring an additional 17,649 shares in the last quarter. 49.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Cormark upgraded Lithium Americas (Argentina) to a “moderate buy” rating in a research report on Monday, January 20th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Lithium Americas (Argentina) has a consensus rating of “Moderate Buy” and an average price target of $7.42.

Lithium Americas (Argentina) Stock Performance

Shares of LAAC opened at $2.03 on Friday. Lithium Americas has a fifty-two week low of $2.07 and a fifty-two week high of $5.68. The company has a market capitalization of $328.72 million, a PE ratio of 0.26 and a beta of 1.35. The stock has a fifty day moving average of $2.39 and a two-hundred day moving average of $2.88.

About Lithium Americas (Argentina)

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.