Panview Asian Equity Master Fund Buys Shares of 883,551 Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Panview Asian Equity Master Fund purchased a new stake in Lithium Americas (Argentina) Corp. (NYSE:LAAC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 883,551 shares of the company’s stock, valued at approximately $5,584,000. Lithium Americas (Argentina) makes up 3.7% of Panview Asian Equity Master Fund’s holdings, making the stock its 8th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Lithium Americas (Argentina) during the 4th quarter valued at about $254,000. Flputnam Investment Management Co. acquired a new position in shares of Lithium Americas (Argentina) in the fourth quarter worth $136,000. Canton Hathaway LLC purchased a new stake in shares of Lithium Americas (Argentina) in the fourth quarter valued at $126,000. Mackenzie Financial Corp acquired a new stake in shares of Lithium Americas (Argentina) during the fourth quarter valued at $363,000. Finally, Ingalls & Snyder LLC purchased a new stake in Lithium Americas (Argentina) during the 4th quarter worth about $160,000. Institutional investors and hedge funds own 49.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on LAAC. Scotiabank raised shares of Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and set a $8.00 price target on the stock in a research note on Friday, March 22nd. 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 for the company in a research note on Friday, March 22nd. Finally, Deutsche Bank Aktiengesellschaft lowered Lithium Americas (Argentina) from a “buy” rating to a “hold” rating and reduced their price target for the stock from $9.00 to $6.50 in a research note on Thursday, January 11th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Lithium Americas (Argentina) has an average rating of “Moderate Buy” and a consensus price target of $10.70.

Lithium Americas (Argentina) Trading Up 4.1 %

Shares of LAAC stock traded up $0.20 during trading hours on Tuesday, hitting $5.07. 969,714 shares of the company were exchanged, compared to its average volume of 1,700,863. The firm has a fifty day moving average of $4.94 and a 200 day moving average of $5.41. The company has a quick ratio of 9.16, a current ratio of 9.16 and a debt-to-equity ratio of 0.24. Lithium Americas has a 1 year low of $3.84 and a 1 year high of $8.79. The firm has a market cap of $815.10 million, a PE ratio of 0.63 and a beta of 1.31.

Lithium Americas (Argentina) (NYSE:LAAC) last posted its quarterly earnings results on Wednesday, March 20th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.05. Analysts expect that Lithium Americas will post 0.46 earnings per share for the current year.

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.