Geode Capital Management LLC Acquires 17,649 Shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Geode Capital Management LLC grew its holdings in Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 37.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,252 shares of the company’s stock after purchasing an additional 17,649 shares during the period. Geode Capital Management LLC’s holdings in Lithium Americas (Argentina) were worth $214,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in LAAC. Fairscale Capital LLC bought a new position in Lithium Americas (Argentina) in the second quarter valued at approximately $31,000. Legacy Capital Group California Inc. bought a new position in shares of Lithium Americas (Argentina) in the third quarter valued at $36,000. Vanguard Personalized Indexing Management LLC acquired a new position in Lithium Americas (Argentina) during the second quarter worth $36,000. XTX Topco Ltd acquired a new position in Lithium Americas (Argentina) during the third quarter worth $54,000. Finally, Renaissance Technologies LLC bought a new stake in Lithium Americas (Argentina) during the second quarter worth $67,000. Institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Price Performance

Shares of LAAC opened at $2.93 on Wednesday. The company has a market cap of $474.45 million, a PE ratio of 0.38 and a beta of 1.35. The firm has a 50-day moving average of $3.06 and a 200-day moving average of $3.01. Lithium Americas has a one year low of $2.07 and a one year high of $5.79.

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.