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

William Blair Investment Management LLC raised its holdings in shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,230,750 shares of the company’s stock after purchasing an additional 58,481 shares during the quarter. William Blair Investment Management LLC’s holdings in Lithium Americas (Argentina) were worth $8,465,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LAAC. Virtu Financial LLC acquired a new stake in shares of Lithium Americas (Argentina) in the 3rd quarter valued at approximately $317,000. Tidal Investments LLC raised its holdings in Lithium Americas (Argentina) by 37.1% in the third quarter. Tidal Investments LLC now owns 350,534 shares of the company’s stock worth $1,143,000 after purchasing an additional 94,775 shares during the period. Alberta Investment Management Corp bought a new position in shares of Lithium Americas (Argentina) during the fourth quarter worth $240,000. Old West Investment Management LLC boosted its position in shares of 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 purchasing an additional 64,646 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Lithium Americas (Argentina) in the 3rd quarter valued at $120,000. Institutional investors and hedge funds own 49.17% of the company’s stock.

Analyst Ratings Changes

Separately, Cormark upgraded Lithium Americas (Argentina) to a “moderate buy” rating in a report on Monday, January 20th. Three 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.19.

Lithium Americas (Argentina) Stock Performance

Shares of LAAC opened at $2.51 on Thursday. The firm’s 50 day moving average price is $2.54 and its two-hundred day moving average price is $2.89. Lithium Americas has a twelve month low of $2.07 and a twelve month high of $5.79. The firm has a market cap of $406.45 million, a P/E ratio of 0.32 and a beta of 1.35.

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.