Mariner LLC Purchases New Holdings in Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Mariner LLC acquired a new position in shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,041 shares of the company’s stock, valued at approximately $32,000.

A number of other hedge funds have also recently bought and sold shares of LAAC. CenterBook Partners LP lifted its holdings in Lithium Americas (Argentina) by 20.0% in the fourth quarter. CenterBook Partners LP now owns 3,096,302 shares of the company’s stock valued at $8,112,000 after buying an additional 516,311 shares during the period. Alberta Investment Management Corp acquired a new position in shares of Lithium Americas (Argentina) in the 4th quarter valued at $240,000. Wells Fargo & Company MN boosted its position in shares of Lithium Americas (Argentina) by 67.8% in the 4th quarter. Wells Fargo & Company MN now owns 221,772 shares of the company’s stock worth $581,000 after purchasing an additional 89,591 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Lithium Americas (Argentina) by 439.3% in the 4th quarter. American Century Companies Inc. now owns 103,603 shares of the company’s stock worth $272,000 after purchasing an additional 84,391 shares during the last quarter. Finally, William Blair Investment Management LLC grew its stake in shares of Lithium Americas (Argentina) by 1.8% during the fourth quarter. William Blair Investment Management LLC now owns 3,230,750 shares of the company’s stock worth $8,465,000 after purchasing an additional 58,481 shares during the period. 49.17% of the stock is currently owned by institutional investors.

Lithium Americas (Argentina) Stock Performance

LAAC opened at $2.11 on Friday. Lithium Americas has a twelve month low of $2.07 and a twelve month high of $5.60. The firm has a market cap of $341.68 million, a PE ratio of 0.27 and a beta of 1.35. The firm’s fifty day moving average is $2.12 and its two-hundred day moving average is $2.66.

Wall Street Analyst Weigh In

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

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.