Brown Advisory Inc. purchased a new position in shares of Lithium Americas (Argentina) Corp. (NYSE:LAR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 100,636 shares of the company's stock, valued at approximately $215,000. Brown Advisory Inc. owned approximately 0.06% of Lithium Americas (Argentina) as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in the business. D.A. Davidson & CO. bought a new stake in Lithium Americas (Argentina) in the first quarter valued at $57,000. Mutual Advisors LLC bought a new stake in Lithium Americas (Argentina) in the first quarter valued at $103,000. Balboa Wealth Partners bought a new stake in Lithium Americas (Argentina) in the first quarter valued at $90,000. Cambridge Investment Research Advisors Inc. bought a new stake in Lithium Americas (Argentina) in the first quarter valued at $41,000. Finally, Robertson Stephens Wealth Management LLC bought a new stake in shares of Lithium Americas (Argentina) during the 1st quarter valued at $56,000. 49.17% of the stock is owned by hedge funds and other institutional investors.
Lithium Americas (Argentina) Trading Down 1.4%
LAR traded down $0.04 during trading on Friday, reaching $2.73. The company had a trading volume of 1,259,231 shares. The company has a market capitalization of $441.99 million and a PE ratio of -38.99. The business's 50 day moving average is $2.09. Lithium Americas has a 52 week low of $1.71 and a 52 week high of $3.96.
Lithium Americas (Argentina) (NYSE:LAR - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). On average, equities research analysts expect that Lithium Americas will post -0.05 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Separately, Scotiabank reduced their target price on shares of 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 Stock Report on Lithium Americas (Argentina)
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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