Invesco Ltd. decreased its position in Lithium Americas (Argentina) Corp. (NYSE:LAAC - Free Report) by 10.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,664,078 shares of the company's stock after selling 185,753 shares during the period. Invesco Ltd. owned approximately 1.03% of Lithium Americas (Argentina) worth $4,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of Lithium Americas (Argentina) by 30.1% in the 3rd quarter. Barclays PLC now owns 92,438 shares of the company's stock worth $301,000 after acquiring an additional 21,388 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Lithium Americas (Argentina) by 37.1% in the 3rd quarter. Geode Capital Management LLC now owns 65,252 shares of the company's stock valued at $214,000 after purchasing an additional 17,649 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Lithium Americas (Argentina) during the 3rd quarter worth $317,000. Sanctuary Advisors LLC acquired a new position in shares of Lithium Americas (Argentina) during the third quarter worth $40,000. Finally, Tidal Investments LLC increased its holdings in Lithium Americas (Argentina) by 37.1% in the third quarter. Tidal Investments LLC now owns 350,534 shares of the company's stock valued at $1,143,000 after buying an additional 94,775 shares during the last quarter. 49.17% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Cormark raised Lithium Americas (Argentina) to a "moderate buy" rating in a research report on Monday, January 20th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $7.42.
View Our Latest Stock Analysis on Lithium Americas (Argentina)
Lithium Americas (Argentina) Stock Down 0.9 %
LAAC stock traded down $0.02 during mid-day trading on Thursday, reaching $2.10. The company had a trading volume of 626,321 shares, compared to its average volume of 1,362,604. Lithium Americas has a one year low of $2.07 and a one year high of $5.60. The stock has a market capitalization of $340.06 million, a P/E ratio of 0.27 and a beta of 1.35. The stock's 50-day simple moving average is $2.16 and its two-hundred day simple moving average is $2.73.
Lithium Americas (Argentina) Company Profile
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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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