Virtu Financial LLC Buys New Stake in Lithium Americas (Argentina) Corp. (NYSE:LAAC)

Virtu Financial 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 Form 13F filing with the SEC. The fund bought 97,349 shares of the company’s stock, valued at approximately $317,000.

A number of other hedge funds also recently bought and sold shares of LAAC. Barclays PLC lifted its holdings in shares of Lithium Americas (Argentina) by 30.1% during the third quarter. Barclays PLC now owns 92,438 shares of the company’s stock worth $301,000 after buying an additional 21,388 shares during the last quarter. McCarthy Asset Management Inc. bought a new position in Lithium Americas (Argentina) during the third quarter worth $49,000. Geode Capital Management LLC raised its stake in Lithium Americas (Argentina) by 37.1% during the 3rd quarter. Geode Capital Management LLC now owns 65,252 shares of the company’s stock valued at $214,000 after purchasing an additional 17,649 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in Lithium Americas (Argentina) in the 3rd quarter valued at $120,000. Finally, XTX Topco Ltd acquired a new stake in Lithium Americas (Argentina) in the 3rd quarter worth $54,000. 49.17% of the stock is currently owned by institutional investors.

Lithium Americas (Argentina) Stock Performance

Shares of LAAC opened at $3.06 on Tuesday. The company has a 50-day simple moving average of $3.36 and a 200-day simple moving average of $3.16. Lithium Americas has a 52 week low of $2.07 and a 52 week high of $6.69. The firm has a market capitalization of $495.50 million, a P/E ratio of 0.39 and a beta of 1.31.

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.