Point72 Asset Management L.P. Grows Stock Holdings in Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Point72 Asset Management L.P. grew its stake in Lithium Americas (Argentina) Corp. (NYSE:LAAC - Free Report) by 76.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 432,813 shares of the company's stock after purchasing an additional 187,183 shares during the period. Point72 Asset Management L.P. owned approximately 0.27% of Lithium Americas (Argentina) worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Ping Capital Management Inc. lifted its position in Lithium Americas (Argentina) by 36.4% during the fourth quarter. Ping Capital Management Inc. now owns 15,000 shares of the company's stock worth $39,000 after buying an additional 4,000 shares in the last quarter. Robertson Stephens Wealth Management LLC increased its stake in shares of Lithium Americas (Argentina) by 33.2% in the 4th quarter. Robertson Stephens Wealth Management LLC now owns 36,185 shares of the company's stock worth $95,000 after acquiring an additional 9,017 shares during the last quarter. Barclays PLC raised its holdings in shares of Lithium Americas (Argentina) by 12.0% during the 4th quarter. Barclays PLC now owns 103,522 shares of the company's stock worth $271,000 after acquiring an additional 11,084 shares during the period. Mariner LLC acquired a new position in shares of Lithium Americas (Argentina) during the 4th quarter valued at about $32,000. Finally, Legal & General Group Plc grew its holdings in shares of Lithium Americas (Argentina) by 6.1% in the fourth quarter. Legal & General Group Plc now owns 227,215 shares of the company's stock valued at $597,000 after purchasing an additional 13,031 shares during the period. 49.17% of the stock is currently owned by hedge funds and other institutional investors.

Lithium Americas (Argentina) Stock Performance

Lithium Americas (Argentina) stock opened at $1.91 on Thursday. The company has a 50-day moving average price of $2.09 and a 200 day moving average price of $2.57. Lithium Americas has a 12-month low of $2.07 and a 12-month high of $5.03. The stock has a market cap of $309.29 million, a P/E ratio of 0.25 and a beta of 1.35.

Lithium Americas (Argentina) Profile

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.

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