Quotient Wealth Partners LLC Makes New Investment in Lithium Americas (Argentina) Corp. (NYSE:LAAC)

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

Several other hedge funds have also recently made changes to their positions in the business. Renaissance Technologies LLC purchased a new position in shares of Lithium Americas (Argentina) during the second quarter valued at about $67,000. Cubist Systematic Strategies LLC bought a new stake in Lithium Americas (Argentina) during the 2nd quarter valued at approximately $102,000. Sterling Investment Counsel LLC purchased a new position in shares of Lithium Americas (Argentina) during the 3rd quarter worth approximately $90,000. Legacy Capital Group California Inc. bought a new position in shares of Lithium Americas (Argentina) in the 3rd quarter worth approximately $36,000. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Lithium Americas (Argentina) by 31.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 347,933 shares of the company’s stock valued at $1,134,000 after purchasing an additional 83,560 shares during the period. 49.17% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Cormark raised shares of 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 assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.19.

Lithium Americas (Argentina) Trading Down 1.6 %

Lithium Americas (Argentina) stock opened at $2.50 on Tuesday. Lithium Americas has a 12 month low of $2.07 and a 12 month high of $5.79. The company has a market capitalization of $404.83 million, a price-to-earnings ratio of 0.32 and a beta of 1.35. The business’s fifty day simple moving average is $2.87 and its two-hundred day simple moving average is $2.95.

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.