Quadrature Capital Ltd Lowers Holdings in Lithium Americas Corp. (NYSE:LAC)

Quadrature Capital Ltd cut its holdings in shares of Lithium Americas Corp. (NYSE:LAC - Free Report) by 62.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,147 shares of the company's stock after selling 141,231 shares during the period. Quadrature Capital Ltd's holdings in Lithium Americas were worth $224,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LAC. Van ECK Associates Corp boosted its holdings in Lithium Americas by 69.8% during the second quarter. Van ECK Associates Corp now owns 3,953,127 shares of the company's stock worth $10,591,000 after purchasing an additional 1,625,149 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Lithium Americas in the second quarter valued at approximately $10,252,000. Point72 Asset Management L.P. grew its holdings in shares of Lithium Americas by 580.1% in the second quarter. Point72 Asset Management L.P. now owns 1,857,193 shares of the company's stock valued at $4,977,000 after acquiring an additional 1,584,123 shares in the last quarter. Teamwork Financial Advisors LLC lifted its holdings in Lithium Americas by 2,274.3% during the third quarter. Teamwork Financial Advisors LLC now owns 398,760 shares of the company's stock worth $1,077,000 after acquiring an additional 381,965 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Lithium Americas by 41.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 373,380 shares of the company's stock valued at $1,008,000 after purchasing an additional 108,993 shares during the period.

Wall Street Analyst Weigh In

A number of equities research 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. Scotiabank reduced their target price on shares of 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. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Lithium Americas from $3.00 to $2.50 and set a "hold" rating on the stock in a report on Friday, August 16th. B. Riley increased their price objective on Lithium Americas from $4.50 to $5.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Finally, National Bank Financial upgraded Lithium Americas from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 17th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $5.63.

Lithium Americas Price Performance

Shares of Lithium Americas stock traded down $0.21 during trading hours on Wednesday, reaching $3.37. The company had a trading volume of 4,437,851 shares, compared to its average volume of 5,407,892. The firm has a market cap of $743.71 million and a PE ratio of -29.83. Lithium Americas Corp. has a one year low of $2.02 and a one year high of $7.71. The business has a fifty day simple moving average of $3.57 and a 200 day simple moving average of $3.00.

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.