CenterBook Partners LP Acquires New Stake in Lithium Americas (Argentina) Corp. (NYSE:LAAC)

CenterBook Partners LP bought a new position in Lithium Americas (Argentina) Corp. (NYSE:LAACFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,088,197 shares of the company’s stock, valued at approximately $6,877,000. Lithium Americas (Argentina) accounts for 0.8% of CenterBook Partners LP’s investment portfolio, making the stock its 15th largest holding. CenterBook Partners LP owned approximately 0.68% of Lithium Americas (Argentina) as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP bought a new stake in Lithium Americas (Argentina) during the fourth quarter worth about $32,000. Quent Capital LLC acquired a new stake in shares of Lithium Americas (Argentina) in the 4th quarter valued at approximately $34,000. Fifth Third Bancorp acquired a new stake in shares of Lithium Americas (Argentina) in the 4th quarter valued at approximately $53,000. FNY Investment Advisers LLC bought a new position in shares of Lithium Americas (Argentina) in the fourth quarter valued at $62,000. Finally, International Assets Investment Management LLC acquired a new position in Lithium Americas (Argentina) during the fourth quarter worth $69,000. Institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Stock Down 1.4 %

Shares of Lithium Americas (Argentina) stock traded down $0.06 during trading on Friday, reaching $4.11. The company’s stock had a trading volume of 1,199,325 shares, compared to its average volume of 1,010,649. Lithium Americas has a 52 week low of $3.84 and a 52 week high of $8.79. The firm has a market cap of $662.57 million, a PE ratio of 0.51 and a beta of 1.37. The business’s 50-day moving average price is $5.01 and its 200-day moving average price is $5.12.

Lithium Americas (Argentina) (NYSE:LAACGet Free Report) last announced its earnings results on Monday, May 13th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.10). During the same period in the previous year, the business posted ($0.04) EPS. Equities analysts predict that Lithium Americas will post 0.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. BMO Capital Markets decreased their price objective on shares of Lithium Americas (Argentina) from $7.00 to $6.50 and set a “market perform” rating for the company in a research report on Friday, March 22nd. Scotiabank upgraded Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and set a $8.00 price target for the company in a report on Friday, March 22nd. Stifel Nicolaus dropped their price objective on Lithium Americas (Argentina) from $18.50 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, May 21st. National Bankshares set a $6.00 target price on Lithium Americas (Argentina) and gave the stock a “sector perform” rating in a research note on Thursday. Finally, National Bank Financial upgraded Lithium Americas (Argentina) to a “hold” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Lithium Americas (Argentina) has an average rating of “Hold” and an average price target of $8.83.

View Our Latest Stock Report on LAAC

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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Institutional Ownership by Quarter for Lithium Americas (Argentina) (NYSE:LAAC)

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