Quantbot Technologies LP Has $656,000 Stake in Lithium Americas (Argentina) Corp. $LAR

Quantbot Technologies LP grew its stake in shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) by 347.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 196,265 shares of the company’s stock after purchasing an additional 152,386 shares during the period. Quantbot Technologies LP owned about 0.12% of Lithium Americas (Argentina) worth $656,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. CenterBook Partners LP grew its position in Lithium Americas (Argentina) by 102.1% in the 3rd quarter. CenterBook Partners LP now owns 4,200,238 shares of the company’s stock worth $14,029,000 after purchasing an additional 2,122,035 shares in the last quarter. Woodline Partners LP bought a new position in shares of Lithium Americas (Argentina) in the first quarter valued at approximately $3,456,000. Invesco Ltd. grew its stake in Lithium Americas (Argentina) by 42.3% in the 2nd quarter. Invesco Ltd. now owns 2,198,736 shares of the company’s stock valued at $4,573,000 after purchasing an additional 653,351 shares during the period. Goldman Sachs Group Inc. bought a new position in Lithium Americas (Argentina) in the 1st quarter valued at $1,064,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Lithium Americas (Argentina) by 9.3% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,786,166 shares of the company’s stock valued at $9,975,000 after buying an additional 408,065 shares during the period. 49.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on LAR. Weiss Ratings restated a “sell (d+)” rating on shares of Lithium Americas (Argentina) in a research note on Wednesday, December 24th. National Bank Financial increased their target price on shares of Lithium Americas (Argentina) from $4.75 to $6.50 and gave the stock an “outperform” rating in a research report on Friday, December 19th. Deutsche Bank Aktiengesellschaft raised shares of Lithium Americas (Argentina) from a “hold” rating to a “buy” rating and set a $8.30 target price on the stock in a report on Tuesday, January 13th. TD Securities upgraded Lithium Americas (Argentina) to a “strong-buy” rating in a research note on Monday, February 9th. Finally, Scotiabank upgraded shares of Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and increased their target price for the stock from $4.25 to $7.75 in a research note on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.44.

Lithium Americas (Argentina) Trading Down 2.1%

Shares of NYSE LAR opened at $6.64 on Friday. Lithium Americas has a one year low of $1.71 and a one year high of $8.80. The firm’s 50 day simple moving average is $7.21 and its two-hundred day simple moving average is $5.30.

Lithium Americas (Argentina) Profile

Lithium Americas (Argentina) is a subsidiary of Lithium Americas Corp. focused on the exploration, development and production of lithium brine resources in the Jujuy province of northwest Argentina. The company’s principal asset is the Cauchari-Olaroz project, situated within the Lithium Triangle, one of the world’s richest regions for lithium-bearing brines. Through its Argentine operations, Lithium Americas aims to supply battery-grade lithium carbonate critical to electric vehicle and energy-storage markets.

The Cauchari-Olaroz project encompasses concessions on the Salar de Cauchari and Salar de Olaroz salt flats, where detailed drilling programs and pilot‐scale evaporation ponds have demonstrated favorable lithium concentrations.