Point72 Asset Management L.P. grew its stake in shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC - Free Report) by 76.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 432,813 shares of the company's stock after buying an additional 187,183 shares during the period. Point72 Asset Management L.P. owned 0.27% of Lithium Americas (Argentina) worth $1,134,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in LAAC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Lithium Americas (Argentina) by 64.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,207,350 shares of the company's stock valued at $11,058,000 after buying an additional 1,650,835 shares in the last quarter. CenterBook Partners LP lifted its holdings in Lithium Americas (Argentina) by 20.0% in the 4th quarter. CenterBook Partners LP now owns 3,096,302 shares of the company's stock worth $8,112,000 after purchasing an additional 516,311 shares in the last quarter. MYDA Advisors LLC purchased a new position in Lithium Americas (Argentina) in the 4th quarter worth approximately $406,000. Alberta Investment Management Corp purchased a new position in Lithium Americas (Argentina) in the 4th quarter worth approximately $240,000. Finally, Credit Industriel ET Commercial purchased a new position in Lithium Americas (Argentina) in the 4th quarter worth approximately $236,000. 49.17% of the stock is owned by hedge funds and other institutional investors.
Lithium Americas (Argentina) Stock Up 1.6%
NYSE LAAC traded up $0.03 during trading hours on Tuesday, reaching $1.85. The company's stock had a trading volume of 898,927 shares, compared to its average volume of 1,395,638. The firm's 50-day moving average price is $2.06 and its 200-day moving average price is $2.53. Lithium Americas has a 1 year low of $2.07 and a 1 year high of $4.80. The company has a market capitalization of $299.57 million, a price-to-earnings ratio of 0.24 and a beta of 1.35.
About Lithium Americas (Argentina)
(
Free Report)
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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