Robertson Stephens Wealth Management LLC Sells 9,095 Shares of Lithium Americas (Argentina) Corp. $LAR

Robertson Stephens Wealth Management LLC lessened its holdings in Lithium Americas (Argentina) Corp. (NYSE:LAR) by 35.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,890 shares of the company’s stock after selling 9,095 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Lithium Americas (Argentina) were worth $35,000 at the end of the most recent quarter.

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

Lithium Americas (Argentina) Price Performance

Lithium Americas (Argentina) stock opened at $4.48 on Monday. The stock’s 50 day moving average is $3.43 and its 200 day moving average is $2.60. The firm has a market cap of $727.10 million and a P/E ratio of -40.73. Lithium Americas has a one year low of $1.71 and a one year high of $5.34.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LAR shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Lithium Americas (Argentina) in a research report on Wednesday, October 8th. National Bankshares raised Lithium Americas (Argentina) from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $2.90 to $4.50 in a research note on Tuesday, August 12th. Scotiabank reissued a “sector perform” rating and set a $3.50 price target (up from $3.00) on shares of Lithium Americas (Argentina) in a research note on Wednesday, August 13th. National Bank Financial raised Lithium Americas (Argentina) from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 11th. Finally, Zacks Research raised Lithium Americas (Argentina) from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $4.00.

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.