Quantbot Technologies LP Buys 152,386 Shares of Lithium Americas (Argentina) Corp. $LAR

Quantbot Technologies LP boosted its stake in shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) by 347.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 196,265 shares of the company’s stock after buying an additional 152,386 shares during the quarter. Quantbot Technologies LP’s holdings in Lithium Americas (Argentina) were worth $656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of LAR. Royal Bank of Canada bought a new stake in Lithium Americas (Argentina) in the first quarter valued at approximately $572,000. Goldman Sachs Group Inc. bought a new position in shares of Lithium Americas (Argentina) in the first quarter worth approximately $1,064,000. Woodline Partners LP bought a new position in shares of Lithium Americas (Argentina) in the first quarter worth approximately $3,456,000. Boston Partners increased its stake in shares of Lithium Americas (Argentina) by 15.3% in the second quarter. Boston Partners now owns 136,505 shares of the company’s stock worth $284,000 after buying an additional 18,096 shares during the period. Finally, JPMorgan Chase & Co. purchased a new position in shares of Lithium Americas (Argentina) in the second quarter worth $37,000. 49.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Scotiabank raised shares of Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $4.25 to $7.75 in a research report on Monday, January 12th. National Bank Financial upped their price objective on shares of Lithium Americas (Argentina) from $4.75 to $6.50 and gave the company an “outperform” rating in a research note on Friday, December 19th. HSBC upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “buy” rating and increased their target price for the stock from $4.75 to $9.60 in a report on Monday, January 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of Lithium Americas (Argentina) in a research note on Wednesday, December 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded Lithium Americas (Argentina) from a “hold” rating to a “buy” rating and set a $8.30 price target on the stock in a report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $7.44.

Lithium Americas (Argentina) Stock Down 2.1%

Lithium Americas (Argentina) stock opened at $6.64 on Friday. Lithium Americas has a fifty-two week low of $1.71 and a fifty-two week high of $8.80. The stock’s 50 day simple moving average is $7.21 and its two-hundred day simple moving average is $5.30.

Lithium Americas (Argentina) Company 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.