Brown Advisory Inc. Takes Position in Lithium Americas (Argentina) Corp. (NYSE:LAR)

Brown Advisory Inc. bought a new position in Lithium Americas (Argentina) Corp. (NYSE:LAR - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 100,636 shares of the company's stock, valued at approximately $215,000. Brown Advisory Inc. owned about 0.06% of Lithium Americas (Argentina) at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LAR. Cambridge Investment Research Advisors Inc. bought a new position in shares of Lithium Americas (Argentina) in the first quarter worth about $41,000. Robertson Stephens Wealth Management LLC bought a new stake in shares of Lithium Americas (Argentina) during the first quarter worth approximately $56,000. D.A. Davidson & CO. bought a new stake in shares of Lithium Americas (Argentina) during the first quarter worth approximately $57,000. Balboa Wealth Partners bought a new stake in shares of Lithium Americas (Argentina) during the first quarter worth approximately $90,000. Finally, Mutual Advisors LLC bought a new stake in shares of Lithium Americas (Argentina) during the first quarter worth approximately $103,000. 49.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. National Bankshares dropped their price target on shares of Lithium Americas (Argentina) from $3.75 to $3.50 and set a "sector perform" rating for the company in a research note on Wednesday, March 19th. Scotiabank dropped their price target on shares of Lithium Americas (Argentina) from $3.50 to $3.00 and set a "sector outperform" rating for the company in a research note on Tuesday, May 20th.

Lithium Americas (Argentina) Price Performance

Shares of LAR traded up $0.23 on Thursday, reaching $2.77. 1,996,459 shares of the company's stock were exchanged, compared to its average volume of 997,891. The stock has a market cap of $448.46 million and a PE ratio of -39.57. The stock's 50 day simple moving average is $2.06. Lithium Americas has a 12 month low of $1.71 and a 12 month high of $3.96.

Lithium Americas (Argentina) (NYSE:LAR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03). As a group, equities analysts forecast that Lithium Americas will post -0.05 EPS for the current fiscal year.

About Lithium Americas (Argentina)

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.