Boston Partners Sells 91,316 Shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Boston Partners lowered its holdings in shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 42.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 122,262 shares of the company’s stock after selling 91,316 shares during the period. Boston Partners’ holdings in Lithium Americas (Argentina) were worth $320,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in shares of Lithium Americas (Argentina) during the 3rd quarter worth approximately $40,000. Banco Santander S.A. acquired a new stake in Lithium Americas (Argentina) during the 4th quarter valued at $37,000. Ping Capital Management Inc. boosted its position 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 worth $39,000 after purchasing an additional 4,000 shares during the period. McCarthy Asset Management Inc. acquired a new position in shares of Lithium Americas (Argentina) in the third quarter valued at $49,000. Finally, XTX Topco Ltd bought a new position in shares of Lithium Americas (Argentina) in the third quarter valued at about $54,000. Institutional investors and hedge funds own 49.17% of the company’s stock.

Lithium Americas (Argentina) Stock Performance

Shares of Lithium Americas (Argentina) stock opened at $2.34 on Monday. The firm has a 50-day moving average of $2.52 and a 200-day moving average of $2.90. Lithium Americas has a 52-week low of $2.07 and a 52-week high of $5.73. The stock has a market cap of $378.92 million, a PE ratio of 0.30 and a beta of 1.35.

Analyst Ratings Changes

Separately, Cormark raised shares of Lithium Americas (Argentina) to a “moderate buy” rating in a report on Monday, January 20th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Lithium Americas (Argentina) has an average rating of “Moderate Buy” and an average price target of $7.42.

About Lithium Americas (Argentina)

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.