Barclays PLC Raises Holdings in Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Barclays PLC raised its holdings in shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 30.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 92,438 shares of the company’s stock after purchasing an additional 21,388 shares during the period. Barclays PLC owned approximately 0.06% of Lithium Americas (Argentina) worth $301,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new stake in Lithium Americas (Argentina) during the 3rd quarter valued at $120,000. XTX Topco Ltd purchased a new stake in Lithium Americas (Argentina) during the 3rd quarter valued at $54,000. Apollon Wealth Management LLC boosted its stake in Lithium Americas (Argentina) by 25.8% during the 3rd quarter. Apollon Wealth Management LLC now owns 28,607 shares of the company’s stock valued at $93,000 after purchasing an additional 5,870 shares during the last quarter. General Motors Holdings LLC bought a new position in shares of Lithium Americas (Argentina) during the 3rd quarter valued at $48,907,000. Finally, M&G PLC lifted its holdings in shares of Lithium Americas (Argentina) by 11.2% during the 3rd quarter. M&G PLC now owns 1,530,176 shares of the company’s stock valued at $4,591,000 after buying an additional 154,067 shares during the period. 49.17% of the stock is currently owned by hedge funds and other institutional investors.

Lithium Americas (Argentina) Price Performance

NYSE LAAC opened at $2.86 on Monday. The business’s fifty day moving average price is $3.14 and its 200-day moving average price is $3.03. The stock has a market capitalization of $463.12 million, a price-to-earnings ratio of 0.37 and a beta of 1.35. Lithium Americas has a 1-year low of $2.07 and a 1-year high of $6.22.

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.