LPL Financial LLC Has $1 Million Stock Holdings in Lithium Americas Corp. (NYSE:LAC)

LPL Financial LLC trimmed its position in Lithium Americas Corp. (NYSE:LAC - Free Report) by 29.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 336,632 shares of the company's stock after selling 138,639 shares during the quarter. LPL Financial LLC owned approximately 0.15% of Lithium Americas worth $1,000,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LAC. Sage Investment Counsel LLC acquired a new stake in shares of Lithium Americas during the fourth quarter worth $30,000. Allworth Financial LP boosted its holdings in Lithium Americas by 99.4% during the fourth quarter. Allworth Financial LP now owns 9,814 shares of the company's stock worth $31,000 after buying an additional 4,893 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of Lithium Americas during the 4th quarter worth about $37,000. Perigon Wealth Management LLC increased its stake in shares of Lithium Americas by 46.2% in the 4th quarter. Perigon Wealth Management LLC now owns 15,824 shares of the company's stock valued at $47,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Quotient Wealth Partners LLC acquired a new stake in shares of Lithium Americas in the 4th quarter valued at approximately $49,000.

Lithium Americas Stock Performance

Lithium Americas stock traded up $0.06 during midday trading on Wednesday, reaching $2.76. The stock had a trading volume of 4,725,935 shares, compared to its average volume of 5,573,711. The stock has a market capitalization of $609.09 million, a P/E ratio of -23.00 and a beta of 1.01. The firm's fifty day simple moving average is $2.80 and its 200-day simple moving average is $3.19. Lithium Americas Corp. has a 1-year low of $2.02 and a 1-year high of $5.20.

Lithium Americas (NYSE:LAC - Get Free Report) last posted its quarterly earnings data on Friday, March 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.09). On average, sell-side analysts anticipate that Lithium Americas Corp. will post -0.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

LAC has been the subject of a number of analyst reports. National Bankshares restated an "outperform" rating on shares of Lithium Americas in a report on Wednesday, April 2nd. Piper Sandler lowered their price objective on shares of Lithium Americas from $3.90 to $3.50 and set a "neutral" rating for the company in a research report on Tuesday, January 7th. Evercore ISI initiated coverage on Lithium Americas in a report on Thursday, April 17th. They set an "outperform" rating and a $4.50 target price on the stock. Scotiabank decreased their target price on Lithium Americas from $3.00 to $2.75 and set a "sector perform" rating for the company in a research note on Monday, March 31st. Finally, Cormark raised Lithium Americas to a "moderate buy" rating in a research report on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Lithium Americas currently has an average rating of "Moderate Buy" and an average target price of $4.75.

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.