Robertson Stephens Wealth Management LLC Has $35,000 Holdings in Lithium Americas (Argentina) Corp. $LAR

Robertson Stephens Wealth Management LLC trimmed its position in shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) by 35.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,890 shares of the company’s stock after selling 9,095 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Lithium Americas (Argentina) were worth $35,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CenterBook Partners LP acquired a new position in shares of Lithium Americas (Argentina) during the first quarter worth approximately $4,613,000. Goldman Sachs Group Inc. acquired a new position in shares of Lithium Americas (Argentina) during the first quarter worth approximately $1,064,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Lithium Americas (Argentina) during the first quarter worth approximately $592,000. D.A. Davidson & CO. acquired a new position in shares of Lithium Americas (Argentina) during the first quarter worth approximately $57,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of Lithium Americas (Argentina) during the first quarter worth approximately $41,000. 49.17% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LAR. National Bank Financial raised Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 11th. Cormark raised Lithium Americas (Argentina) to a “moderate buy” rating in a research report on Wednesday, August 20th. Scotiabank reiterated a “sector perform” rating and set a $3.50 price target (up previously from $3.00) on shares of Lithium Americas (Argentina) in a report on Wednesday, August 13th. Zacks Research upgraded Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Finally, National Bankshares upgraded Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $2.90 to $4.50 in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Lithium Americas (Argentina) has a consensus rating of “Hold” and an average target price of $4.00.

Lithium Americas (Argentina) Trading Down 7.6%

Shares of Lithium Americas (Argentina) stock opened at $4.48 on Monday. The company has a market capitalization of $727.10 million and a P/E ratio of -40.73. The stock has a fifty day simple moving average of $3.43 and a 200 day simple moving average of $2.60. Lithium Americas has a 12-month low of $1.71 and a 12-month high of $5.34.

Lithium Americas (Argentina) Company Profile

Lithium Argentina AG, a resource and materials company, focuses on advancing lithium projects in Argentina. The company owns interests in the Cauchari-Olaroz project located in Jujuy province; and the Pastos Grandes project located in Salta Province of Argentina. The company was formerly known as Lithium Americas (Argentina) Corp.