91,500 Shares in Lithium Americas (Argentina) Corp. (NYSE:LAAC) Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp acquired a new stake in shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 91,500 shares of the company’s stock, valued at approximately $240,000.

Other hedge funds also recently bought and sold shares of the company. Quotient Wealth Partners LLC purchased a new stake in shares of Lithium Americas (Argentina) in the fourth quarter valued at approximately $61,000. Financial Advocates Investment Management acquired a new position in Lithium Americas (Argentina) during the fourth quarter worth $93,000. Robertson Stephens Wealth Management LLC grew its holdings in 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 valued at $95,000 after buying an additional 9,017 shares in the last quarter. Ping Capital Management Inc. increased its stake in shares of Lithium Americas (Argentina) by 36.4% in the 4th quarter. Ping Capital Management Inc. now owns 15,000 shares of the company’s stock worth $39,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Tidal Investments LLC raised its holdings in shares of Lithium Americas (Argentina) by 37.1% during the 3rd quarter. Tidal Investments LLC now owns 350,534 shares of the company’s stock worth $1,143,000 after acquiring an additional 94,775 shares during the period. Institutional investors and hedge funds own 49.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Cormark raised shares of Lithium Americas (Argentina) to a “moderate buy” rating in a report on Monday, January 20th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.19.

Lithium Americas (Argentina) Stock Down 5.0 %

NYSE:LAAC opened at $2.46 on Friday. Lithium Americas has a 52 week low of $2.07 and a 52 week high of $5.79. The stock’s fifty day moving average is $2.75 and its two-hundred day moving average is $2.93. The company has a market capitalization of $398.35 million, a P/E ratio of 0.32 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.