Lithium Americas (Argentina) Corp. (NYSE:LAAC) Shares Sold by Formidable Asset Management LLC

Formidable Asset Management LLC decreased its holdings in Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 409,117 shares of the company’s stock after selling 30,413 shares during the quarter. Formidable Asset Management LLC owned 0.25% of Lithium Americas (Argentina) worth $1,072,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Lithium Americas (Argentina) by 64.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,207,350 shares of the company’s stock valued at $11,058,000 after purchasing an additional 1,650,835 shares during the period. William Blair Investment Management LLC boosted its stake in shares of Lithium Americas (Argentina) by 1.8% in the fourth quarter. William Blair Investment Management LLC now owns 3,230,750 shares of the company’s stock valued at $8,465,000 after purchasing an additional 58,481 shares during the period. CenterBook Partners LP boosted its stake in shares of Lithium Americas (Argentina) by 20.0% in the fourth quarter. CenterBook Partners LP now owns 3,096,302 shares of the company’s stock valued at $8,112,000 after purchasing an additional 516,311 shares during the period. Point72 Asset Management L.P. boosted its stake in shares of Lithium Americas (Argentina) by 76.2% in the fourth quarter. Point72 Asset Management L.P. now owns 432,813 shares of the company’s stock valued at $1,134,000 after purchasing an additional 187,183 shares during the period. Finally, Legal & General Group Plc lifted its stake in 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 last quarter. Hedge funds and other institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Price Performance

Shares of Lithium Americas (Argentina) stock opened at $1.82 on Friday. Lithium Americas has a 52-week low of $2.07 and a 52-week high of $4.80. The company has a 50 day moving average of $2.08 and a 200 day moving average of $2.56. The company has a market capitalization of $294.72 million, a P/E ratio of 0.23 and a beta of 1.35.

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.