883,551 Shares in Lithium Americas (Argentina) Corp. (NYSE:LAAC) Purchased by Panview Asian Equity Master Fund

Panview Asian Equity Master Fund purchased a new position in Lithium Americas (Argentina) Corp. (NYSE:LAAC) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 883,551 shares of the company’s stock, valued at approximately $5,584,000. Lithium Americas (Argentina) accounts for approximately 3.7% of Panview Asian Equity Master Fund’s holdings, making the stock its 8th biggest position. Panview Asian Equity Master Fund owned about 0.55% of Lithium Americas (Argentina) at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Lithium Americas (Argentina) during the 4th quarter worth about $254,000. Flputnam Investment Management Co. purchased a new position in Lithium Americas (Argentina) during the fourth quarter valued at approximately $136,000. Canton Hathaway LLC acquired a new position in Lithium Americas (Argentina) in the fourth quarter valued at approximately $126,000. Mackenzie Financial Corp acquired a new position in Lithium Americas (Argentina) in the fourth quarter valued at approximately $363,000. Finally, Ingalls & Snyder LLC purchased a new stake in Lithium Americas (Argentina) in the 4th quarter worth approximately $160,000. 49.17% of the stock is owned by hedge funds and other institutional investors.

Lithium Americas (Argentina) Price Performance

NYSE LAAC traded up $0.20 on Tuesday, hitting $5.07. The company had a trading volume of 969,714 shares, compared to its average volume of 1,700,863. The company has a debt-to-equity ratio of 0.24, a current ratio of 9.16 and a quick ratio of 9.16. The company’s fifty day moving average price is $4.94 and its 200-day moving average price is $5.41. The company has a market capitalization of $815.10 million, a PE ratio of 0.63 and a beta of 1.31. Lithium Americas has a 12-month low of $3.84 and a 12-month high of $8.79.

Lithium Americas (Argentina) (NYSE:LAAC) last announced its earnings results on Wednesday, March 20th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. As a group, analysts predict that Lithium Americas will post 0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

LAAC has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Lithium Americas (Argentina) from a “buy” rating to a “hold” rating and decreased their target price for the company from $9.00 to $6.50 in a research note on Thursday, January 11th. Scotiabank raised shares of Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and set a $8.00 price objective for the company in a report on Friday, March 22nd. Finally, BMO Capital Markets lowered their target price on shares of Lithium Americas (Argentina) from $7.00 to $6.50 and set a “market perform” rating on the stock in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $10.70.

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.