Two Sigma Investments LP Trims Stock Holdings in Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Two Sigma Investments LP lowered its position in Lithium Americas (Argentina) Corp. (NYSE:LAAC - Free Report) by 87.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,313 shares of the company's stock after selling 148,007 shares during the period. Two Sigma Investments LP's holdings in Lithium Americas (Argentina) were worth $53,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Mariner LLC bought a new position in Lithium Americas (Argentina) in the 4th quarter valued at $32,000. Banco Santander S.A. purchased a new stake in Lithium Americas (Argentina) during the fourth quarter worth about $37,000. Jones Financial Companies Lllp raised its position in Lithium Americas (Argentina) by 177.9% in the fourth quarter. Jones Financial Companies Lllp now owns 20,694 shares of the company's stock worth $54,000 after acquiring an additional 13,247 shares during the period. Raymond James Financial Inc. purchased a new position in Lithium Americas (Argentina) in the fourth quarter valued at about $62,000. Finally, Commonwealth Equity Services LLC boosted its stake in Lithium Americas (Argentina) by 59.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 38,425 shares of the company's stock valued at $101,000 after acquiring an additional 14,377 shares during the last quarter. 49.17% of the stock is owned by institutional investors.

Lithium Americas (Argentina) Trading Up 3.5%

Shares of LAAC stock traded up $0.07 during trading hours on Tuesday, hitting $2.08. 852,666 shares of the company were exchanged, compared to its average volume of 1,418,102. The stock has a market capitalization of $336.82 million, a price-to-earnings ratio of 0.27 and a beta of 1.35. The firm has a fifty day simple moving average of $1.98 and a 200 day simple moving average of $2.38. Lithium Americas has a 52-week low of $2.07 and a 52-week high of $3.96.

Lithium Americas (Argentina) Company 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.