Boston Partners Has $284,000 Position in Lithium Americas (Argentina) Corp. $LAR

Boston Partners increased its holdings in shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) by 15.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,505 shares of the company’s stock after acquiring an additional 18,096 shares during the quarter. Boston Partners owned about 0.08% of Lithium Americas (Argentina) worth $284,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Stratos Wealth Advisors LLC bought a new stake in shares of Lithium Americas (Argentina) in the second quarter valued at approximately $28,000. Ping Capital Management Inc. increased its stake in shares of Lithium Americas (Argentina) by 141.8% in the second quarter. Ping Capital Management Inc. now owns 120,920 shares of the company’s stock valued at $252,000 after buying an additional 70,920 shares during the period. Perigon Wealth Management LLC bought a new stake in shares of Lithium Americas (Argentina) in the 2nd quarter valued at $41,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Lithium Americas (Argentina) by 23.8% in the 2nd 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. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Lithium Americas (Argentina) during the first quarter worth approximately $1,064,000. 49.17% of the stock is currently owned by institutional investors and hedge funds.

Lithium Americas (Argentina) Trading Up 2.3%

Shares of LAR stock opened at $4.45 on Monday. The stock has a fifty day simple moving average of $3.95 and a two-hundred day simple moving average of $3.00. Lithium Americas has a twelve month low of $1.71 and a twelve month high of $5.47. The stock has a market capitalization of $722.24 million and a price-to-earnings ratio of -8.90.

Lithium Americas (Argentina) (NYSE:LAR) last released 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 fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on LAR shares. National Bankshares upgraded Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from $2.90 to $4.50 in a research note on Tuesday, August 12th. Zacks Research raised shares of Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Cormark upgraded shares of Lithium Americas (Argentina) to a “moderate buy” rating in a report on Wednesday, August 20th. Scotiabank increased their price objective on shares of Lithium Americas (Argentina) from $3.50 to $4.25 and gave the company a “sector perform” rating in a research report on Wednesday, November 12th. Finally, National Bank Financial upgraded shares of Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $4.25.

About Lithium Americas (Argentina)

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.