Lithium Americas (Argentina) Corp. (NYSE:LAAC) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its position in Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 20.0% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,150 shares of the company’s stock after selling 6,800 shares during the quarter. D.A. Davidson & CO.’s holdings in Lithium Americas (Argentina) were worth $71,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of LAAC. Quotient Wealth Partners LLC acquired a new stake in shares of Lithium Americas (Argentina) in the fourth quarter valued at about $61,000. Financial Advocates Investment Management purchased a new position in Lithium Americas (Argentina) in the fourth quarter valued at about $93,000. Robertson Stephens Wealth Management LLC lifted its position in shares of Lithium Americas (Argentina) by 33.2% during 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 during the period. Ping Capital Management Inc. boosted its stake in shares of Lithium Americas (Argentina) by 36.4% during the 4th 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. Finally, Tidal Investments LLC grew its holdings in shares of Lithium Americas (Argentina) by 37.1% in the 3rd 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 during the period. Hedge funds and other institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Stock Performance

Shares of LAAC opened at $2.32 on Friday. Lithium Americas has a one year low of $2.07 and a one year high of $5.79. The stock has a 50-day moving average price of $2.72 and a 200 day moving average price of $2.93. The company has a market capitalization of $375.68 million, a P/E ratio of 0.30 and a beta of 1.35.

Wall Street Analyst Weigh In

Separately, Cormark upgraded shares of Lithium Americas (Argentina) to a “moderate buy” rating in a report on Monday, January 20th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus 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.