Lithium Americas (Argentina) Corp. $LAR Shares Sold by M&G PLC

M&G PLC cut its holdings in shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) by 1.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,457,176 shares of the company’s stock after selling 24,679 shares during the period. M&G PLC’s holdings in Lithium Americas (Argentina) were worth $2,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in LAR. Boston Partners grew its position in Lithium Americas (Argentina) by 15.3% during the 2nd quarter. Boston Partners now owns 136,505 shares of the company’s stock worth $284,000 after purchasing an additional 18,096 shares during the period. Stratos Wealth Advisors LLC purchased a new stake in shares of Lithium Americas (Argentina) in the second quarter worth about $28,000. Ping Capital Management Inc. grew its holdings in Lithium Americas (Argentina) by 141.8% during the second quarter. Ping Capital Management Inc. now owns 120,920 shares of the company’s stock worth $252,000 after acquiring an additional 70,920 shares during the period. Perigon Wealth Management LLC acquired a new stake in Lithium Americas (Argentina) during the second quarter worth about $41,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in Lithium Americas (Argentina) by 23.8% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 342,513 shares of the company’s stock valued at $712,000 after acquiring an additional 65,783 shares in the last quarter. 49.17% of the stock is owned by hedge funds and other institutional investors.

Lithium Americas (Argentina) Trading Up 3.6%

Shares of NYSE:LAR opened at $4.34 on Friday. The business’s 50 day moving average price is $3.93 and its 200-day moving average price is $2.97. Lithium Americas has a 1 year low of $1.71 and a 1 year high of $5.47.

Lithium Americas (Argentina) (NYSE:LAR) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Research analysts predict that Lithium Americas will post -0.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on LAR. National Bank Financial upgraded Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 11th. Cormark upgraded shares of Lithium Americas (Argentina) to a “moderate buy” rating in a research note on Wednesday, August 20th. Zacks Research upgraded shares of Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lithium Americas (Argentina) in a report on Wednesday, October 8th. Finally, National Bankshares upgraded shares of Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $2.90 to $4.50 in a research report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.25.

Lithium Americas (Argentina) 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.