Lithium Americas Corp. (NYSE:LAC) Holdings Cut by Two Sigma Investments LP

Two Sigma Investments LP lowered its holdings in Lithium Americas Corp. (NYSE:LAC) by 50.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 220,851 shares of the company’s stock after selling 227,451 shares during the period. Two Sigma Investments LP owned about 0.10% of Lithium Americas worth $656,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LAC. Ameriprise Financial Inc. increased its holdings in shares of Lithium Americas by 4.4% in the fourth quarter. Ameriprise Financial Inc. now owns 104,207 shares of the company’s stock valued at $309,000 after buying an additional 4,379 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Lithium Americas by 99.4% in the fourth quarter. Allworth Financial LP now owns 9,814 shares of the company’s stock valued at $31,000 after buying an additional 4,893 shares in the last quarter. Balboa Wealth Partners increased its holdings in shares of Lithium Americas by 15.9% in the fourth quarter. Balboa Wealth Partners now owns 51,118 shares of the company’s stock valued at $152,000 after buying an additional 7,000 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Lithium Americas by 44.1% in the fourth quarter. Toronto Dominion Bank now owns 27,679 shares of the company’s stock valued at $82,000 after buying an additional 8,466 shares in the last quarter. Finally, CoreCap Advisors LLC increased its holdings in shares of Lithium Americas by 134.7% in the fourth quarter. CoreCap Advisors LLC now owns 15,288 shares of the company’s stock valued at $45,000 after buying an additional 8,773 shares in the last quarter.

Lithium Americas Stock Performance

Shares of NYSE:LAC opened at $2.70 on Friday. The stock has a market capitalization of $591.04 million, a PE ratio of -22.50 and a beta of 0.89. Lithium Americas Corp. has a 1 year low of $2.02 and a 1 year high of $5.20. The firm has a fifty day moving average price of $2.79 and a 200 day moving average price of $3.03.

Lithium Americas (NYSE:LAC) last released its earnings results on Thursday, May 15th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.01). On average, sell-side analysts forecast that Lithium Americas Corp. will post -0.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

LAC has been the topic of several research reports. Scotiabank dropped their price target on Lithium Americas from $3.00 to $2.75 and set a “sector perform” rating on the stock in a report on Monday, March 31st. Wedbush reaffirmed a “neutral” rating and issued a $5.00 target price on shares of Lithium Americas in a research report on Friday, May 16th. National Bank Financial cut Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 16th. Evercore ISI initiated coverage on Lithium Americas in a research report on Thursday, April 17th. They issued an “outperform” rating and a $4.50 target price for the company. Finally, National Bankshares cut Lithium Americas from an “outperform” rating to a “sector perform” rating in a research report on Friday, May 16th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $3.88.

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.