HighTower Advisors LLC Has $73,000 Stock Position in Lithium Americas Corp. $LAC

HighTower Advisors LLC decreased its stake in Lithium Americas Corp. (NYSE:LAC) by 12.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 26,856 shares of the company’s stock after selling 3,718 shares during the quarter. HighTower Advisors LLC’s holdings in Lithium Americas were worth $73,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Lithium Americas by 8.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,254,848 shares of the company’s stock valued at $9,732,000 after purchasing an additional 240,418 shares during the period. Teamwork Financial Advisors LLC boosted its position in shares of Lithium Americas by 20.1% in the 1st quarter. Teamwork Financial Advisors LLC now owns 857,754 shares of the company’s stock valued at $2,325,000 after purchasing an additional 143,373 shares during the period. Koss Olinger Consulting LLC raised its position in Lithium Americas by 67.1% during the first quarter. Koss Olinger Consulting LLC now owns 311,209 shares of the company’s stock valued at $843,000 after buying an additional 124,970 shares during the period. Alps Advisors Inc. raised its position in Lithium Americas by 94.2% during the first quarter. Alps Advisors Inc. now owns 277,782 shares of the company’s stock valued at $753,000 after buying an additional 134,735 shares during the period. Finally, Independent Wealth Network Inc. boosted its position in Lithium Americas by 6.7% during the 1st quarter. Independent Wealth Network Inc. now owns 231,432 shares of the company’s stock worth $627,000 after acquiring an additional 14,459 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wedbush restated a “neutral” rating and set a $5.00 price objective on shares of Lithium Americas in a research report on Friday, May 16th. Cormark upgraded Lithium Americas to a “moderate buy” rating in a research report on Wednesday, August 20th. National Bank Financial lowered Lithium Americas from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 16th. Finally, National Bankshares lowered Lithium Americas from an “outperform” rating to a “sector perform” rating in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.15.

Lithium Americas Stock Up 3.4%

LAC opened at $2.89 on Friday. Lithium Americas Corp. has a fifty-two week low of $2.11 and a fifty-two week high of $5.20. The business has a 50-day moving average of $2.85 and a 200-day moving average of $2.82. The company has a debt-to-equity ratio of 0.33, a current ratio of 9.88 and a quick ratio of 9.88. The company has a market capitalization of $697.19 million, a PE ratio of -12.54 and a beta of 0.70.

Lithium Americas (NYSE:LAC) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Equities research analysts forecast that Lithium Americas Corp. will post -0.12 EPS 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.