Brown Advisory Inc. Takes $215,000 Position in Lithium Americas (Argentina) Corp. (NYSE:LAR)

Brown Advisory Inc. acquired a new position in Lithium Americas (Argentina) Corp. (NYSE:LAR) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 100,636 shares of the company’s stock, valued at approximately $215,000. Brown Advisory Inc. owned approximately 0.06% of Lithium Americas (Argentina) at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Lithium Americas (Argentina) during the 1st quarter valued at $41,000. Robertson Stephens Wealth Management LLC purchased a new stake in shares of Lithium Americas (Argentina) during the first quarter worth $56,000. D.A. Davidson & CO. purchased a new stake in shares of Lithium Americas (Argentina) during the first quarter worth $57,000. Balboa Wealth Partners purchased a new stake in shares of Lithium Americas (Argentina) during the first quarter worth $90,000. Finally, Mutual Advisors LLC bought a new position in Lithium Americas (Argentina) during the first quarter valued at about $103,000. 49.17% of the stock is currently owned by institutional investors and hedge funds.

Lithium Americas (Argentina) Stock Down 1.2%

NYSE:LAR opened at $2.53 on Thursday. Lithium Americas has a 1 year low of $1.71 and a 1 year high of $3.96. The firm has a 50 day moving average price of $2.06. The company has a market capitalization of $409.61 million and a PE ratio of -36.14.

Lithium Americas (Argentina) (NYSE:LAR) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). On average, analysts anticipate that Lithium Americas will post -0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Scotiabank lowered their price target on Lithium Americas (Argentina) from $3.50 to $3.00 and set a “sector outperform” rating on the stock in a research report on Tuesday, May 20th. National Bankshares decreased their price objective on Lithium Americas (Argentina) from $3.75 to $3.50 and set a “sector perform” rating on the stock in a report on Wednesday, March 19th.

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.