Counterpoint Mutual Funds LLC Makes New $481,000 Investment in Lithium Americas (Argentina) Corp. $LAR

Counterpoint Mutual Funds LLC acquired a new stake in shares of Lithium Americas (Argentina) Corp. (NYSE:LAR) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 144,019 shares of the company’s stock, valued at approximately $481,000. Counterpoint Mutual Funds LLC owned about 0.09% of Lithium Americas (Argentina) as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. CenterBook Partners LP grew its position in Lithium Americas (Argentina) by 102.1% during the third quarter. CenterBook Partners LP now owns 4,200,238 shares of the company’s stock worth $14,029,000 after buying an additional 2,122,035 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Lithium Americas (Argentina) by 58.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,728 shares of the company’s stock worth $93,000 after purchasing an additional 10,176 shares in the last quarter. Cibc World Market Inc. increased its position in shares of Lithium Americas (Argentina) by 2.3% during the third quarter. Cibc World Market Inc. now owns 128,053 shares of the company’s stock valued at $428,000 after purchasing an additional 2,940 shares during the period. Envestnet Asset Management Inc. bought a new stake in shares of Lithium Americas (Argentina) during the third quarter valued at approximately $130,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Lithium Americas (Argentina) by 59.0% in the third quarter. Jones Financial Companies Lllp now owns 59,444 shares of the company’s stock valued at $210,000 after purchasing an additional 22,050 shares in the last quarter. Institutional investors own 49.17% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on LAR shares. TD Securities raised shares of Lithium Americas (Argentina) to a “strong-buy” rating in a report on Monday, February 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Lithium Americas (Argentina) in a research report on Wednesday, December 24th. Stifel Nicolaus increased their price target on shares of Lithium Americas (Argentina) from $6.00 to $8.50 and gave the stock a “buy” rating in a research report on Wednesday, January 7th. Scotiabank raised Lithium Americas (Argentina) from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $4.25 to $7.75 in a report on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded Lithium Americas (Argentina) from a “hold” rating to a “buy” rating and set a $8.30 price objective on the stock in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $7.44.

Lithium Americas (Argentina) Stock Up 9.2%

Shares of LAR stock opened at $7.82 on Wednesday. Lithium Americas has a 12-month low of $1.71 and a 12-month high of $8.80. The company has a market capitalization of $1.27 billion and a P/E ratio of -15.64. The firm has a 50-day moving average price of $6.88 and a 200 day moving average price of $5.09.

About Lithium Americas (Argentina)

Lithium Americas (Argentina) is a subsidiary of Lithium Americas Corp. focused on the exploration, development and production of lithium brine resources in the Jujuy province of northwest Argentina. The company’s principal asset is the Cauchari-Olaroz project, situated within the Lithium Triangle, one of the world’s richest regions for lithium-bearing brines. Through its Argentine operations, Lithium Americas aims to supply battery-grade lithium carbonate critical to electric vehicle and energy-storage markets.

The Cauchari-Olaroz project encompasses concessions on the Salar de Cauchari and Salar de Olaroz salt flats, where detailed drilling programs and pilot‐scale evaporation ponds have demonstrated favorable lithium concentrations.