Raymond James Financial Services Advisors Inc. Has $2.97 Million Stock Holdings in Lithium Americas Corp. (NYSE:LAC)

Raymond James Financial Services Advisors Inc. increased its position in shares of Lithium Americas Corp. (NYSE:LAC – Get Rating) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,567 shares of the company’s stock after acquiring an additional 3,351 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.12% of Lithium Americas worth $2,967,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Castle Wealth Management LLC lifted its stake in shares of Lithium Americas by 100.0% during the third quarter. Castle Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $26,000 after acquiring an additional 500 shares during the period. CWM LLC lifted its stake in shares of Lithium Americas by 47.9% during the fourth quarter. CWM LLC now owns 1,544 shares of the company’s stock valued at $29,000 after acquiring an additional 500 shares during the period. PNC Financial Services Group Inc. lifted its stake in Lithium Americas by 725.0% in the first quarter. PNC Financial Services Group Inc. now owns 825 shares of the company’s stock valued at $32,000 after buying an additional 725 shares during the period. Parallel Advisors LLC lifted its stake in Lithium Americas by 1,367.5% in the fourth quarter. Parallel Advisors LLC now owns 1,805 shares of the company’s stock valued at $34,000 after buying an additional 1,682 shares during the period. Finally, Geneos Wealth Management Inc. lifted its stake in Lithium Americas by 38.1% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,829 shares of the company’s stock valued at $35,000 after buying an additional 505 shares during the period. Institutional investors and hedge funds own 21.88% of the company’s stock.

Lithium Americas Trading Down 2.9 %

NYSE LAC opened at $22.27 on Monday. The firm has a market cap of $3.55 billion, a P/E ratio of -57.10 and a beta of 1.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 10.00 and a quick ratio of 18.13. The stock’s 50-day moving average is $20.48 and its 200-day moving average is $22.18. Lithium Americas Corp. has a one year low of $17.58 and a one year high of $33.10.

Lithium Americas (NYSE:LAC – Get Rating) last posted its quarterly earnings data on Friday, March 31st. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.06. Sell-side analysts anticipate that Lithium Americas Corp. will post 0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LAC shares. Deutsche Bank Aktiengesellschaft cut their target price on Lithium Americas from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Thursday, April 20th. B. Riley increased their target price on Lithium Americas from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Piper Sandler cut their target price on Lithium Americas from $36.00 to $33.00 in a research note on Thursday, April 6th. Pi Financial reissued a “buy” rating on shares of Lithium Americas in a research note on Wednesday, March 8th. Finally, National Bankshares increased their target price on Lithium Americas from $38.50 to $42.50 and gave the company an “outperform” rating in a research note on Wednesday, February 8th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $38.13.

About Lithium Americas

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Lithium Americas Corp. is a resource company, which engages in lithium development projects. Its projects include: Thacker Pass and Caucharí-Olaroz. The company was founded by Raymond Edward Flood, Jr. on November 27, 2007 and is headquartered in Vancouver, Canada.