Millennium Management LLC Sells 556,877 Shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Millennium Management LLC decreased its holdings in Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 72.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 213,709 shares of the company’s stock after selling 556,877 shares during the period. Millennium Management LLC owned about 0.13% of Lithium Americas (Argentina) worth $560,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC increased its holdings in shares of Lithium Americas (Argentina) by 12.0% in the 4th quarter. Barclays PLC now owns 103,522 shares of the company’s stock worth $271,000 after purchasing an additional 11,084 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Lithium Americas (Argentina) in the fourth quarter worth $62,000. Wells Fargo & Company MN grew its holdings in shares of Lithium Americas (Argentina) by 67.8% in the fourth quarter. Wells Fargo & Company MN now owns 221,772 shares of the company’s stock worth $581,000 after acquiring an additional 89,591 shares during the period. Legal & General Group Plc grew its holdings in shares of Lithium Americas (Argentina) by 6.1% in the fourth quarter. Legal & General Group Plc now owns 227,215 shares of the company’s stock worth $597,000 after acquiring an additional 13,031 shares during the period. Finally, American Century Companies Inc. grew its holdings in shares of Lithium Americas (Argentina) by 439.3% in the fourth quarter. American Century Companies Inc. now owns 103,603 shares of the company’s stock worth $272,000 after acquiring an additional 84,391 shares during the period. Institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Price Performance

Shares of LAAC opened at $1.95 on Monday. Lithium Americas has a one year low of $2.07 and a one year high of $4.17. The firm has a market capitalization of $315.77 million, a P/E ratio of 0.25 and a beta of 1.35. The business has a fifty day moving average of $1.98 and a 200 day moving average of $2.44.

Lithium Americas (Argentina) 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.