Lithium Americas Corp. (NYSE:LAC) Shares Bought by Quinn Opportunity Partners LLC

Quinn Opportunity Partners LLC grew its stake in Lithium Americas Corp. (NYSE:LAC - Free Report) by 1,132.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 811,632 shares of the company's stock after acquiring an additional 745,777 shares during the period. Quinn Opportunity Partners LLC owned 0.37% of Lithium Americas worth $2,411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of LAC. National Bank of Canada FI raised its position in Lithium Americas by 13.2% during the 3rd quarter. National Bank of Canada FI now owns 37,129 shares of the company's stock valued at $100,000 after purchasing an additional 4,340 shares in the last quarter. Allworth Financial LP lifted its stake in Lithium Americas by 99.4% in the fourth quarter. Allworth Financial LP now owns 9,814 shares of the company's stock worth $31,000 after acquiring an additional 4,893 shares during the period. Perigon Wealth Management LLC grew its holdings in Lithium Americas by 46.2% during the 4th quarter. Perigon Wealth Management LLC now owns 15,824 shares of the company's stock worth $47,000 after acquiring an additional 5,000 shares in the last quarter. HighTower Advisors LLC increased its position in Lithium Americas by 13.4% during the 3rd quarter. HighTower Advisors LLC now owns 50,473 shares of the company's stock valued at $138,000 after purchasing an additional 5,952 shares during the period. Finally, Balboa Wealth Partners raised its holdings in shares of Lithium Americas by 15.9% in the 4th quarter. Balboa Wealth Partners now owns 51,118 shares of the company's stock valued at $152,000 after purchasing an additional 7,000 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LAC. Scotiabank cut their price objective on shares of 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 assumed coverage on Lithium Americas in a research note on Thursday, December 19th. They set a "neutral" rating and a $5.00 price objective for the company. Piper Sandler cut their target price on Lithium Americas from $3.90 to $3.50 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Cormark raised shares of Lithium Americas to a "moderate buy" rating in a research report on Friday, January 17th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of Lithium Americas in a research report on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $4.84.

Lithium Americas Stock Up 1.5 %

Shares of LAC traded up $0.04 during trading hours on Wednesday, reaching $2.67. 2,725,982 shares of the company traded hands, compared to its average volume of 4,602,319. The business has a fifty day moving average price of $2.83 and a 200-day moving average price of $3.19. Lithium Americas Corp. has a 12-month low of $2.02 and a 12-month high of $6.82. The stock has a market capitalization of $589.23 million, a P/E ratio of -22.25 and a beta of 1.01.

Lithium Americas (NYSE:LAC - Get Free Report) last posted its quarterly earnings results 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). As a group, research analysts predict that Lithium Americas Corp. will post -0.12 EPS for the current fiscal year.

Lithium Americas Company 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.