Lithium Americas (Argentina) Corp. $LAR Shares Sold by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lessened its holdings in shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) by 28.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,838 shares of the company’s stock after selling 5,578 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Lithium Americas (Argentina) were worth $29,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of LAR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Lithium Americas (Argentina) in the 1st quarter worth approximately $9,308,000. Hancock Prospecting Pty Ltd acquired a new position in Lithium Americas (Argentina) in the first quarter worth $5,368,000. CenterBook Partners LP acquired a new position in Lithium Americas (Argentina) in the first quarter worth $4,613,000. Woodline Partners LP acquired a new position in shares of Lithium Americas (Argentina) in the 1st quarter valued at about $3,456,000. Finally, Invesco Ltd. acquired a new position in shares of Lithium Americas (Argentina) in the 1st quarter valued at about $3,307,000. Institutional investors and hedge funds own 49.17% of the company’s stock.

Lithium Americas (Argentina) Price Performance

Shares of NYSE LAR opened at $4.51 on Tuesday. Lithium Americas has a 52 week low of $1.71 and a 52 week high of $5.47. The business has a 50 day simple moving average of $3.73 and a 200 day simple moving average of $2.79.

Wall Street Analyst Weigh In

A number of brokerages have commented on LAR. Scotiabank restated a “sector perform” rating and issued a $3.50 target price (up from $3.00) on shares of Lithium Americas (Argentina) in a research note on Wednesday, August 13th. National Bank Financial upgraded Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Lithium Americas (Argentina) in a report on Wednesday, October 8th. National Bankshares raised shares of Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $2.90 to $4.50 in a report on Tuesday, August 12th. Finally, BMO Capital Markets boosted their target price on shares of Lithium Americas (Argentina) from $2.50 to $4.00 and gave the company a “market perform” rating in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Lithium Americas (Argentina) presently has a consensus rating of “Hold” and a consensus target price of $4.00.

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.