3,825,273 Shares in Lithium Americas Corp. (NYSE:LAC) Bought by Marshall Wace LLP

Marshall Wace LLP purchased a new stake in shares of Lithium Americas Corp. (NYSE:LAC) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,825,273 shares of the company’s stock, valued at approximately $10,252,000. Marshall Wace LLP owned about 1.74% of Lithium Americas at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Scotia Capital Inc. boosted its position in shares of Lithium Americas by 17.5% during the 4th quarter. Scotia Capital Inc. now owns 442,641 shares of the company’s stock valued at $2,826,000 after purchasing an additional 66,032 shares in the last quarter. ROI Financial Advisors LLC acquired a new position in Lithium Americas in the fourth quarter valued at approximately $252,000. General Motors Holdings LLC boosted its holdings in shares of Lithium Americas by 100.0% during the 4th quarter. General Motors Holdings LLC now owns 30,004,488 shares of the company’s stock worth $190,829,000 after buying an additional 15,002,245 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Lithium Americas during the 4th quarter worth approximately $217,000. Finally, Mather Group LLC. bought a new stake in shares of Lithium Americas in the 1st quarter valued at $26,000.

Lithium Americas Stock Down 2.2 %

Shares of NYSE:LAC opened at $2.66 on Friday. The business’s 50 day moving average is $2.48 and its 200 day moving average is $3.74. Lithium Americas Corp. has a 12-month low of $2.02 and a 12-month high of $12.38.

Lithium Americas (NYSE:LAC) last posted its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). Analysts forecast that Lithium Americas Corp. will post -0.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on LAC. B. Riley cut their target price on shares of Lithium Americas from $4.50 to $4.00 and set a “buy” rating on the stock in a research note on Friday, August 16th. Scotiabank cut their price objective on shares of Lithium Americas from $5.50 to $3.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 15th. National Bank Financial raised Lithium Americas to a “hold” rating in a research report on Wednesday, June 5th. Deutsche Bank Aktiengesellschaft cut their price target on Lithium Americas from $3.00 to $2.50 and set a “hold” rating on the stock in a report on Friday, August 16th. Finally, Piper Sandler began coverage on Lithium Americas in a report on Monday, July 29th. They set a “neutral” rating and a $3.90 price objective for the company. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $6.61.

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.