Apollon Wealth Management LLC Has $60,000 Stock Position in Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Apollon Wealth Management LLC reduced its holdings in Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 19.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 22,992 shares of the company’s stock after selling 5,615 shares during the quarter. Apollon Wealth Management LLC’s holdings in Lithium Americas (Argentina) were worth $60,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Financial Advocates Investment Management acquired a new stake in shares of Lithium Americas (Argentina) during the fourth quarter worth $93,000. Robertson Stephens Wealth Management LLC increased its stake in shares of 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 acquiring an additional 9,017 shares in the last quarter. Ping Capital Management Inc. boosted its stake 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 acquiring an additional 4,000 shares in the last quarter. Tidal Investments LLC boosted its stake in Lithium Americas (Argentina) by 37.1% during the third 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 in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Lithium Americas (Argentina) during the third quarter worth $40,000. Institutional investors and hedge funds own 49.17% of the company’s stock.

Lithium Americas (Argentina) Price Performance

NYSE:LAAC opened at $2.57 on Friday. Lithium Americas has a one year low of $2.07 and a one year high of $5.79. The company has a market cap of $416.17 million, a PE ratio of 0.33 and a beta of 1.35. The firm has a 50-day moving average of $2.80 and a 200-day moving average of $2.94.

Wall Street Analysts Forecast Growth

Separately, Cormark raised shares of Lithium Americas (Argentina) to a “moderate buy” rating in a research report on Monday, January 20th. Three 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 a consensus price target of $7.19.

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.