Lithium Americas Corp. (NYSE:LAC) Shares Acquired by Independent Wealth Network Inc.

Independent Wealth Network Inc. raised its position in Lithium Americas Corp. (NYSE:LAC - Free Report) by 133.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,973 shares of the company's stock after purchasing an additional 123,993 shares during the quarter. Independent Wealth Network Inc. owned 0.10% of Lithium Americas worth $644,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of LAC. Creative Financial Designs Inc. ADV grew its holdings in Lithium Americas by 39.5% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 13,040 shares of the company's stock valued at $35,000 after purchasing an additional 3,693 shares in the last quarter. National Bank of Canada FI increased its position in shares of Lithium Americas by 13.2% during the third quarter. National Bank of Canada FI now owns 37,129 shares of the company's stock worth $100,000 after acquiring an additional 4,340 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Lithium Americas by 12.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 41,943 shares of the company's stock worth $112,000 after acquiring an additional 4,504 shares in the last quarter. Quent Capital LLC boosted its holdings in Lithium Americas by 100.0% in the third quarter. Quent Capital LLC now owns 10,000 shares of the company's stock valued at $27,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its stake in Lithium Americas by 37.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 21,926 shares of the company's stock valued at $59,000 after purchasing an additional 5,930 shares in the last quarter.

Lithium Americas Stock Performance

Shares of NYSE:LAC traded up $0.08 during trading hours on Thursday, hitting $3.19. The stock had a trading volume of 3,056,031 shares, compared to its average volume of 5,002,250. The stock's fifty day simple moving average is $3.43 and its 200 day simple moving average is $3.05. The firm has a market capitalization of $702.87 million, a price-to-earnings ratio of -26.54 and a beta of 1.67. Lithium Americas Corp. has a 1-year low of $2.02 and a 1-year high of $7.71.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LAC shares. BMO Capital Markets upgraded Lithium Americas to a "hold" rating in a research note on Wednesday, October 23rd. B. Riley raised their price objective on shares of Lithium Americas from $4.50 to $5.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Scotiabank cut their price objective on Lithium Americas from $3.00 to $2.50 and set a "sector perform" rating on the stock in a research note on Friday, October 18th. Wedbush assumed coverage on Lithium Americas in a report on Thursday, December 19th. They issued a "neutral" rating and a $5.00 price target for the company. Finally, National Bank Financial upgraded Lithium Americas from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $5.51.

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.