Barclays PLC Grows Stake in Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Barclays PLC lifted its stake in Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 12.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 103,522 shares of the company’s stock after acquiring an additional 11,084 shares during the period. Barclays PLC’s holdings in Lithium Americas (Argentina) were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. CenterBook Partners LP raised its position in shares of Lithium Americas (Argentina) by 20.0% in the 4th quarter. CenterBook Partners LP now owns 3,096,302 shares of the company’s stock valued at $8,112,000 after purchasing an additional 516,311 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Lithium Americas (Argentina) during the fourth quarter valued at $62,000. Renaissance Technologies LLC purchased a new stake in shares of Lithium Americas (Argentina) during the fourth quarter valued at $149,000. Legal & General Group Plc grew its holdings in shares of Lithium Americas (Argentina) by 6.1% during the fourth quarter. Legal & General Group Plc now owns 227,215 shares of the company’s stock valued at $597,000 after buying an additional 13,031 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Lithium Americas (Argentina) by 67.8% during the fourth quarter. Wells Fargo & Company MN now owns 221,772 shares of the company’s stock valued at $581,000 after buying an additional 89,591 shares during the last quarter. 49.17% of the stock is owned by hedge funds and other institutional investors.

Lithium Americas (Argentina) Stock Performance

NYSE:LAAC opened at $2.13 on Monday. Lithium Americas has a one year low of $2.07 and a one year high of $5.44. The firm has a market cap of $344.92 million, a price-to-earnings 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 $2.65.

Wall Street Analyst Weigh In

Separately, Cormark upgraded 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.42.

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.