Banco Santander S.A. Acquires New Holdings in Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Banco Santander S.A. acquired a new stake in shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC) during the 4th quarter, HoldingsChannel reports. The institutional investor acquired 14,050 shares of the company’s stock, valued at approximately $37,000.

Several other institutional investors also recently bought and sold shares of the business. Ping Capital Management Inc. increased its holdings in Lithium Americas (Argentina) by 36.4% during the fourth quarter. Ping Capital Management Inc. now owns 15,000 shares of the company’s stock valued at $39,000 after buying an additional 4,000 shares during the period. Apollon Wealth Management LLC increased its holdings in Lithium Americas (Argentina) by 25.8% during the third quarter. Apollon Wealth Management LLC now owns 28,607 shares of the company’s stock valued at $93,000 after buying an additional 5,870 shares during the period. Robertson Stephens Wealth Management LLC increased its holdings in Lithium Americas (Argentina) by 33.2% during the fourth 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 during the period. Sanctuary Advisors LLC purchased a new position in Lithium Americas (Argentina) in the third quarter worth $40,000. Finally, Jones Financial Companies Lllp grew its holdings 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 purchasing an additional 13,247 shares during the last quarter. 49.17% of the stock is owned by hedge funds and other institutional investors.

Lithium Americas (Argentina) Trading Down 1.7 %

NYSE LAAC opened at $2.25 on Tuesday. Lithium Americas has a 12-month low of $2.07 and a 12-month high of $5.79. The firm’s fifty day simple moving average is $2.63 and its two-hundred day simple moving average is $2.92. The firm has a market capitalization of $364.35 million, a P/E ratio of 0.29 and a beta of 1.35.

Analyst Upgrades and Downgrades

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

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.