155,000 Shares in Lithium Americas (Argentina) Corp. (NYSE:LAAC) Purchased by MYDA Advisors LLC

MYDA Advisors LLC acquired a new stake in shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 155,000 shares of the company’s stock, valued at approximately $406,000. MYDA Advisors LLC owned approximately 0.10% of Lithium Americas (Argentina) as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LAAC. Sanctuary Advisors LLC bought a new position in Lithium Americas (Argentina) during the third quarter worth $40,000. Mariner LLC bought a new position in shares of Lithium Americas (Argentina) in the 4th quarter worth about $32,000. Banco Santander S.A. acquired a new position in shares of Lithium Americas (Argentina) in the 4th quarter valued at about $37,000. Ping Capital Management Inc. grew its position in shares of Lithium Americas (Argentina) by 36.4% during the 4th quarter. Ping Capital Management Inc. now owns 15,000 shares of the company’s stock valued at $39,000 after buying an additional 4,000 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Lithium Americas (Argentina) during the third quarter worth about $54,000. Institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Trading Down 1.0 %

NYSE LAAC opened at $2.04 on Friday. The company has a 50-day moving average price of $2.23 and a two-hundred day moving average price of $2.80. The stock has a market cap of $330.34 million, a price-to-earnings ratio of 0.26 and a beta of 1.35. Lithium Americas has a 52 week low of $2.07 and a 52 week high of $5.60.

Wall Street Analysts Forecast Growth

Separately, Cormark upgraded Lithium Americas (Argentina) to a “moderate buy” rating in a research note on Monday, January 20th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Lithium Americas (Argentina) presently has an average rating of “Moderate Buy” and a consensus price target of $7.42.

About Lithium Americas (Argentina)

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.