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Teamwork Financial Advisors LLC Buys 315,621 Shares of Lithium Americas Corp. (NYSE:LAC)

Lithium Americas logo with Basic Materials background

Teamwork Financial Advisors LLC lifted its position in shares of Lithium Americas Corp. (NYSE:LAC - Free Report) by 79.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 714,381 shares of the company's stock after buying an additional 315,621 shares during the period. Teamwork Financial Advisors LLC owned about 0.32% of Lithium Americas worth $2,122,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Independent Wealth Network Inc. grew its holdings in shares of Lithium Americas by 133.4% in the 4th quarter. Independent Wealth Network Inc. now owns 216,973 shares of the company's stock valued at $644,000 after acquiring an additional 123,993 shares in the last quarter. HB Wealth Management LLC acquired a new position in shares of Lithium Americas during the 4th quarter worth approximately $55,000. Tidal Investments LLC raised its stake in shares of Lithium Americas by 31.8% during the 3rd quarter. Tidal Investments LLC now owns 379,078 shares of the company's stock worth $1,024,000 after purchasing an additional 91,353 shares in the last quarter. Barclays PLC boosted its holdings in shares of Lithium Americas by 50.7% in the 3rd quarter. Barclays PLC now owns 115,208 shares of the company's stock valued at $311,000 after buying an additional 38,781 shares during the last quarter. Finally, Virtue Capital Management LLC bought a new position in shares of Lithium Americas in the third quarter valued at $135,000.

Lithium Americas Stock Performance

Shares of LAC stock traded up $0.07 during trading on Thursday, hitting $3.18. The company had a trading volume of 4,182,834 shares, compared to its average volume of 5,072,150. The stock's 50-day moving average price is $3.43 and its 200 day moving average price is $3.05. Lithium Americas Corp. has a one year low of $2.02 and a one year high of $7.71. The firm has a market capitalization of $700.66 million, a P/E ratio of -26.38 and a beta of 1.67.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. B. Riley increased their price target on shares of Lithium Americas from $4.50 to $5.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. BMO Capital Markets raised Lithium Americas to a "hold" rating in a report on Wednesday, October 23rd. Wedbush initiated coverage on Lithium Americas in a report on Thursday, December 19th. They set a "neutral" rating and a $5.00 price target for the company. Piper Sandler dropped their price objective on shares of Lithium Americas from $3.90 to $3.50 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. Finally, National Bank Financial raised shares of Lithium Americas from a "sector perform" rating to an "outperform" rating in a report 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $5.51.

View Our Latest Stock Report on LAC

Lithium Americas Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Lithium Americas (NYSE:LAC)

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