Lithium Americas Corp. (NYSE:LAC) Shares Sold by LPL Financial LLC

LPL Financial LLC decreased its position in shares of Lithium Americas Corp. (NYSE:LAC) by 29.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 336,632 shares of the company’s stock after selling 138,639 shares during the period. LPL Financial LLC’s holdings in Lithium Americas were worth $1,000,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in LAC. Teamwork Financial Advisors LLC lifted its stake in Lithium Americas by 79.2% during the fourth quarter. Teamwork Financial Advisors LLC now owns 714,381 shares of the company’s stock valued at $2,122,000 after purchasing an additional 315,621 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Lithium Americas by 31.8% during the 3rd quarter. Tidal Investments LLC now owns 379,078 shares of the company’s stock valued at $1,024,000 after acquiring an additional 91,353 shares during the last quarter. Alberta Investment Management Corp acquired a new stake in shares of Lithium Americas during the 4th quarter valued at $686,000. Independent Wealth Network Inc. boosted its stake in shares of Lithium Americas by 133.4% during the 4th quarter. Independent Wealth Network Inc. now owns 216,973 shares of the company’s stock worth $644,000 after acquiring an additional 123,993 shares in the last quarter. Finally, Koss Olinger Consulting LLC grew its holdings in shares of Lithium Americas by 44.1% in the 4th quarter. Koss Olinger Consulting LLC now owns 186,239 shares of the company’s stock worth $553,000 after acquiring an additional 57,028 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have recently commented on LAC. Piper Sandler reduced their target price on Lithium Americas from $3.90 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Cormark upgraded shares of Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th. Scotiabank cut their price target on shares of Lithium Americas from $3.00 to $2.75 and set a “sector perform” rating on the stock in a report on Monday, March 31st. Evercore ISI started coverage on shares of Lithium Americas in a research note on Thursday. They issued an “outperform” rating and a $4.50 price objective for the company. Finally, National Bankshares reissued an “outperform” rating on shares of Lithium Americas in a research note on Wednesday, April 2nd. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $4.75.

Lithium Americas Stock Down 0.6 %

Lithium Americas stock opened at $2.69 on Monday. Lithium Americas Corp. has a 12 month low of $2.02 and a 12 month high of $5.20. The stock has a market cap of $592.54 million, a P/E ratio of -22.38 and a beta of 1.01. The company’s fifty day simple moving average is $2.82 and its 200-day simple moving average is $3.20.

Lithium Americas (NYSE:LAC) last issued its earnings results on Friday, March 28th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.09). On average, equities research analysts expect that Lithium Americas Corp. will post -0.12 earnings per share for the current fiscal year.

Lithium Americas Profile

Lithium Americas Corp. engages in the exploration and development of lithium properties in the United States and Canada. It holds a 100% interest in the Thacker Pass project located in northern Nevada, as well as investments in exploration properties in the United States and Canada. Lithium Americas Corp.