William Blair Investment Management LLC Buys 58,481 Shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC)

William Blair Investment Management LLC raised its stake in Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,230,750 shares of the company’s stock after acquiring an additional 58,481 shares during the period. William Blair Investment Management LLC owned about 2.00% of Lithium Americas (Argentina) worth $8,465,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Tidal Investments LLC boosted its stake 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 valued at $1,143,000 after purchasing an additional 94,775 shares in the last quarter. Sprott Inc. boosted its position in Lithium Americas (Argentina) by 13.6% in the fourth quarter. Sprott Inc. now owns 201,358 shares of the company’s stock valued at $528,000 after buying an additional 24,068 shares in the last quarter. Old West Investment Management LLC grew its stake in Lithium Americas (Argentina) by 193.6% during the third quarter. Old West Investment Management LLC now owns 98,032 shares of the company’s stock worth $320,000 after buying an additional 64,646 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Lithium Americas (Argentina) during the third quarter worth approximately $317,000. Finally, Barclays PLC raised its stake in shares of Lithium Americas (Argentina) by 30.1% in the third quarter. Barclays PLC now owns 92,438 shares of the company’s stock valued at $301,000 after acquiring an additional 21,388 shares during the last quarter. 49.17% of the stock is currently owned by institutional investors.

Lithium Americas (Argentina) Trading Up 9.1 %

LAAC opened at $2.51 on Thursday. Lithium Americas has a 1-year low of $2.07 and a 1-year high of $5.79. The firm has a 50-day moving average price of $2.54 and a two-hundred day moving average price of $2.89. The stock has a market capitalization of $406.45 million, a PE ratio of 0.32 and a beta of 1.35.

Analyst Upgrades and Downgrades

Separately, Cormark upgraded Lithium Americas (Argentina) to a “moderate buy” rating in a research report on Monday, January 20th. Three equities research 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $7.19.

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.