Quotient Wealth Partners LLC Purchases Shares of 23,100 Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Quotient Wealth Partners LLC bought a new position in Lithium Americas (Argentina) Corp. (NYSE:LAAC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 23,100 shares of the company’s stock, valued at approximately $61,000.

Several other institutional investors also recently modified their holdings of LAAC. Ping Capital Management Inc. lifted 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 purchasing an additional 4,000 shares during the last quarter. Apollon Wealth Management LLC lifted its position in Lithium Americas (Argentina) by 25.8% in the 3rd quarter. Apollon Wealth Management LLC now owns 28,607 shares of the company’s stock worth $93,000 after buying an additional 5,870 shares during the last quarter. Robertson Stephens Wealth Management LLC boosted its stake in Lithium Americas (Argentina) by 33.2% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 36,185 shares of the company’s stock worth $95,000 after buying an additional 9,017 shares in the last quarter. Legacy Capital Group California Inc. bought a new position in Lithium Americas (Argentina) during the third quarter valued at approximately $36,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Lithium Americas (Argentina) during the third quarter worth approximately $40,000. 49.17% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Cormark raised shares of Lithium Americas (Argentina) to a “moderate buy” rating in a research note on Monday, January 20th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $7.19.

Lithium Americas (Argentina) Stock Performance

NYSE:LAAC opened at $2.50 on Tuesday. Lithium Americas has a fifty-two week low of $2.07 and a fifty-two week high of $5.79. The firm has a market cap of $404.83 million, a PE ratio of 0.32 and a beta of 1.35. The business has a 50 day moving average price of $2.87 and a 200-day moving average price of $2.95.

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.