Lithium Americas (Argentina) Corp. (NYSE:LAAC) Shares Sold by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC trimmed its holdings in Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 18.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 74,521 shares of the company’s stock after selling 17,080 shares during the period. Koss Olinger Consulting LLC’s holdings in Lithium Americas (Argentina) were worth $195,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Old West Investment Management LLC increased its holdings in shares of Lithium Americas (Argentina) by 193.6% in the 3rd quarter. Old West Investment Management LLC now owns 98,032 shares of the company’s stock valued at $320,000 after acquiring an additional 64,646 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Lithium Americas (Argentina) in the 3rd quarter valued at approximately $54,000. Public Employees Retirement System of Ohio bought a new stake in shares of Lithium Americas (Argentina) in the 3rd quarter valued at approximately $120,000. Barclays PLC increased its holdings in shares of Lithium Americas (Argentina) by 30.1% in the 3rd 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. Finally, Geode Capital Management LLC increased its holdings in shares of Lithium Americas (Argentina) by 37.1% in the 3rd quarter. Geode Capital Management LLC now owns 65,252 shares of the company’s stock valued at $214,000 after acquiring an additional 17,649 shares during the last quarter. 49.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Cormark upgraded 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $7.19.

Lithium Americas (Argentina) Price Performance

Shares of LAAC opened at $2.51 on Thursday. The company has a market cap of $406.45 million, a P/E ratio of 0.32 and a beta of 1.35. The stock has a fifty day moving average price of $2.54 and a 200 day moving average price of $2.89. Lithium Americas has a 12 month low of $2.07 and a 12 month high of $5.79.

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.