5,817 Shares in Lithium Americas Corp. (NYSE:LAC) Bought by Allworth Financial LP

Allworth Financial LP bought a new position in Lithium Americas Corp. (NYSE:LAC) during the fourth quarter, Holdings Channel reports. The fund bought 5,817 shares of the company’s stock, valued at approximately $37,000.

A number of other hedge funds have also modified their holdings of the stock. Legal & General Group Plc grew its holdings in shares of Lithium Americas by 0.6% in the 4th quarter. Legal & General Group Plc now owns 65,285 shares of the company’s stock worth $1,237,000 after acquiring an additional 410 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Lithium Americas by 0.7% in the 2nd quarter. CIBC Asset Management Inc now owns 98,379 shares of the company’s stock worth $1,992,000 after acquiring an additional 644 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Lithium Americas by 725.0% during 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 in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of Lithium Americas by 16.8% during the first quarter. Great West Life Assurance Co. Can now owns 5,414 shares of the company’s stock valued at $222,000 after buying an additional 780 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Lithium Americas by 224.9% during the first quarter. Captrust Financial Advisors now owns 1,212 shares of the company’s stock valued at $47,000 after buying an additional 839 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on LAC shares. Evercore ISI lowered their price target on Lithium Americas from $13.00 to $9.00 and set an “outperform” rating on the stock in a report on Friday, March 15th. Scotiabank downgraded Lithium Americas from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $15.00 to $7.00 in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. lifted their price target on Lithium Americas from $5.50 to $7.00 and gave the company a “neutral” rating in a report on Monday, March 18th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Lithium Americas currently has a consensus rating of “Moderate Buy” and an average target price of $14.94.

Lithium Americas Price Performance

LAC opened at $7.08 on Monday. Lithium Americas Corp. has a 1 year low of $3.81 and a 1 year high of $12.38. The stock has a fifty day moving average price of $5.59 and a 200 day moving average price of $6.61.

Lithium Americas (NYSE:LAC) last released its quarterly earnings data on Friday, March 15th. The company reported ($0.08) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.08). Research analysts expect that Lithium Americas Corp. will post -0.15 earnings per share for the current fiscal year.

About Lithium Americas

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.