Alps Advisors Inc. bought a new stake in shares of Lithium Americas (Argentina) Corp. (NYSE:LAR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 293,134 shares of the company's stock, valued at approximately $627,000. Alps Advisors Inc. owned 0.18% of Lithium Americas (Argentina) as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. bought a new stake in Lithium Americas (Argentina) during the 1st quarter valued at approximately $41,000. Quotient Wealth Partners LLC acquired a new position in Lithium Americas (Argentina) in the 1st quarter valued at approximately $49,000. Robertson Stephens Wealth Management LLC acquired a new position in shares of Lithium Americas (Argentina) in the 1st quarter worth approximately $56,000. D.A. Davidson & CO. acquired a new stake in Lithium Americas (Argentina) during the 1st quarter valued at $57,000. Finally, Balboa Wealth Partners acquired a new stake in Lithium Americas (Argentina) during the 1st quarter valued at $90,000. Institutional investors own 49.17% of the company's stock.
Lithium Americas (Argentina) Stock Performance
Shares of NYSE:LAR traded down $0.06 during midday trading on Friday, reaching $2.71. The company had a trading volume of 766,349 shares, compared to its average volume of 995,984. The company's 50 day moving average is $2.07. The firm has a market capitalization of $438.75 million and a PE ratio of -38.71. Lithium Americas has a 1-year low of $1.71 and a 1-year high of $3.96.
Lithium Americas (Argentina) (NYSE:LAR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.03). On average, analysts expect that Lithium Americas will post -0.05 earnings per share for the current year.
Wall Street Analyst Weigh In
Separately, Scotiabank reduced their price target on Lithium Americas (Argentina) from $3.50 to $3.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, May 20th.
Read Our Latest Research Report on LAR
Lithium Americas (Argentina) Company Profile
(
Free Report)
Lithium Argentina AG, a resource and materials company, focuses on advancing lithium projects in Argentina. The company owns interests in the Cauchari-Olaroz project located in Jujuy province; and the Pastos Grandes project located in Salta Province of Argentina. The company was formerly known as Lithium Americas (Argentina) Corp.
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