Lithium Americas (Argentina) Corp. (NYSE:LAAC) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Lithium Americas (Argentina) Corp. (NYSE:LAAC) by 18.1% during the third quarter, Holdings Channel.com reports. The firm owned 103,410 shares of the company’s stock after selling 22,887 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Lithium Americas (Argentina) were worth $337,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Fairscale Capital LLC acquired a new position in Lithium Americas (Argentina) in the second quarter valued at about $31,000. Fifth Third Bancorp increased its position in shares of Lithium Americas (Argentina) by 67.9% during the second quarter. Fifth Third Bancorp now owns 9,895 shares of the company’s stock valued at $32,000 after acquiring an additional 4,000 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Lithium Americas (Argentina) in the 2nd quarter worth approximately $36,000. Legacy Capital Group California Inc. purchased a new position in shares of Lithium Americas (Argentina) during the 3rd quarter worth approximately $36,000. Finally, Johnson Investment Counsel Inc. acquired a new stake in Lithium Americas (Argentina) in the 2nd quarter valued at approximately $44,000. Institutional investors and hedge funds own 49.17% of the company’s stock.

Lithium Americas (Argentina) Stock Down 1.1 %

Shares of NYSE LAAC opened at $2.72 on Friday. The business’s 50 day moving average is $3.30 and its two-hundred day moving average is $3.11. Lithium Americas has a 52-week low of $2.07 and a 52-week high of $6.69. The firm has a market cap of $440.45 million, a price-to-earnings ratio of 0.35 and a beta of 1.31.

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.