Sanctuary Advisors LLC Acquires New Holdings in Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Sanctuary Advisors LLC bought a new position in shares of Lithium Americas (Argentina) Corp. (NYSE:LAAC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,891 shares of the company’s stock, valued at approximately $40,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in Lithium Americas (Argentina) by 13.2% in the 2nd quarter. Van ECK Associates Corp now owns 2,614,946 shares of the company’s stock valued at $8,366,000 after purchasing an additional 304,590 shares during the last quarter. TD Asset Management Inc raised its position in shares of Lithium Americas (Argentina) by 3.5% in the second quarter. TD Asset Management Inc now owns 122,775 shares of the company’s stock valued at $391,000 after buying an additional 4,173 shares during the last quarter. Koss Olinger Consulting LLC purchased a new position in shares of Lithium Americas (Argentina) during the second quarter valued at approximately $333,000. Johnson Investment Counsel Inc. acquired a new stake in Lithium Americas (Argentina) during the second quarter worth approximately $44,000. Finally, William Blair Investment Management LLC acquired a new stake in Lithium Americas (Argentina) during the second quarter worth approximately $10,465,000. Hedge funds and other institutional investors own 49.17% of the company’s stock.

Lithium Americas (Argentina) Stock Down 3.0 %

Shares of NYSE:LAAC opened at $2.62 on Wednesday. The company has a market cap of $424.25 million, a P/E ratio of 0.34 and a beta of 1.31. The business has a fifty day simple moving average of $3.19 and a 200-day simple moving average of $3.04. Lithium Americas has a 52 week low of $2.07 and a 52 week high of $6.50.

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.