CenterBook Partners LP acquired a new stake in shares of Lithium Americas (Argentina) Corp. (NYSE:LAR - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,155,575 shares of the company's stock, valued at approximately $4,613,000. CenterBook Partners LP owned 1.33% of Lithium Americas (Argentina) at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Formidable Asset Management LLC bought a new stake in Lithium Americas (Argentina) in the 1st quarter valued at $779,000. Alps Advisors Inc. bought a new stake in Lithium Americas (Argentina) in the 1st quarter valued at $627,000. Wealth Enhancement Advisory Services LLC bought a new stake in Lithium Americas (Argentina) in the 1st quarter valued at $592,000. Brown Advisory Inc. bought a new stake in Lithium Americas (Argentina) in the 1st quarter valued at $215,000. Finally, Ping Capital Management Inc. bought a new stake in Lithium Americas (Argentina) in the 1st quarter valued at $107,000. 49.17% of the stock is currently owned by institutional investors.
Lithium Americas (Argentina) Price Performance
LAR stock traded down $0.04 during mid-day trading on Friday, reaching $2.73. The company had a trading volume of 1,248,188 shares, compared to its average volume of 997,408. The stock has a market cap of $441.99 million and a P/E ratio of -38.99. The business has a 50 day moving average of $2.07. 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 released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.03). Equities analysts anticipate that Lithium Americas will post -0.05 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Scotiabank reduced their price target on shares of Lithium Americas (Argentina) from $3.50 to $3.00 and set a "sector outperform" rating on the stock in a report on Tuesday, May 20th.
Check Out Our Latest Stock Analysis on Lithium Americas (Argentina)
About Lithium Americas (Argentina)
(
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.
Further Reading
Before you consider Lithium Americas (Argentina), you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lithium Americas (Argentina) wasn't on the list.
While Lithium Americas (Argentina) currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
