Decade Renewable Partners LP Has $1.75 Million Stock Position in Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Decade Renewable Partners LP increased its stake in shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC - Free Report) by 102.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 547,625 shares of the company's stock after acquiring an additional 277,500 shares during the period. Lithium Americas (Argentina) comprises approximately 0.9% of Decade Renewable Partners LP's investment portfolio, making the stock its 29th largest holding. Decade Renewable Partners LP owned 0.34% of Lithium Americas (Argentina) worth $1,752,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. General Motors Holdings LLC acquired a new position in Lithium Americas (Argentina) during the first quarter worth approximately $80,862,000. FIFTHDELTA Ltd bought a new position in Lithium Americas (Argentina) during the fourth quarter worth $32,598,000. Vanguard Group Inc. increased its holdings in shares of Lithium Americas (Argentina) by 0.6% in the first quarter. Vanguard Group Inc. now owns 3,560,536 shares of the company's stock valued at $19,191,000 after purchasing an additional 21,456 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Lithium Americas (Argentina) in the second quarter valued at about $10,465,000. Finally, Van ECK Associates Corp lifted its stake in shares of Lithium Americas (Argentina) by 13.2% during the 2nd quarter. Van ECK Associates Corp now owns 2,614,946 shares of the company's stock worth $8,366,000 after buying an additional 304,590 shares during the last quarter. 49.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. HSBC raised shares of Lithium Americas (Argentina) from a "hold" rating to a "buy" rating in a report on Wednesday, August 14th. National Bank Financial upgraded Lithium Americas (Argentina) to a "hold" rating in a research note on Wednesday, June 5th. Scotiabank decreased their price objective on Lithium Americas (Argentina) from $8.00 to $4.25 and set a "sector outperform" rating on the stock in a report on Thursday, August 15th. Hsbc Global Res raised Lithium Americas (Argentina) to a "strong-buy" rating in a report on Wednesday, August 14th. Finally, National Bankshares set a $6.00 price target on shares of Lithium Americas (Argentina) and gave the stock a "sector perform" rating in a research report on Thursday, June 6th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $8.21.

Lithium Americas (Argentina) Stock Performance

Shares of NYSE LAAC traded up $0.40 during trading hours on Thursday, hitting $3.29. 2,767,235 shares of the stock were exchanged, compared to its average volume of 1,458,551. Lithium Americas has a 1-year low of $2.07 and a 1-year high of $8.79. The company has a market cap of $529.64 million, a PE ratio of 0.41 and a beta of 1.32. The company's fifty day simple moving average is $2.65 and its two-hundred day simple moving average is $3.87.

Lithium Americas (Argentina) (NYSE:LAAC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02).

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.