HighTower Advisors LLC Raises Stock Holdings in Lithium Americas Corp. (NYSE:LAC)

HighTower Advisors LLC lifted its holdings in shares of Lithium Americas Corp. (NYSE:LAC) by 13.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,473 shares of the company’s stock after acquiring an additional 5,952 shares during the quarter. HighTower Advisors LLC’s holdings in Lithium Americas were worth $138,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of LAC. Fairscale Capital LLC purchased a new position in shares of Lithium Americas during the second quarter valued at approximately $27,000. Quent Capital LLC increased its position in Lithium Americas by 100.0% in the third quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $27,000 after buying an additional 5,000 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in Lithium Americas during the second quarter valued at approximately $27,000. AE Wealth Management LLC bought a new position in shares of Lithium Americas in the second quarter worth approximately $27,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Lithium Americas in the second quarter worth $30,000.

Lithium Americas Trading Down 0.3 %

Shares of Lithium Americas stock opened at $3.16 on Thursday. The stock has a 50 day moving average price of $3.68 and a 200-day moving average price of $2.98. Lithium Americas Corp. has a one year low of $2.02 and a one year high of $7.71.

Analyst Ratings Changes

LAC has been the subject of a number of analyst reports. BMO Capital Markets upgraded Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Wedbush assumed coverage on shares of Lithium Americas in a report on Thursday, December 19th. They set a “neutral” rating and a $5.00 price objective for the company. Scotiabank cut their price objective on Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating for the company in a research report on Friday, October 18th. National Bank Financial upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 17th. Finally, B. Riley lifted their price objective on Lithium Americas from $4.50 to $5.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.56.

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.