UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 28,782 Shares of Lithium Americas Corp. (NYSE:LAC)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of Lithium Americas Corp. (NYSE:LAC) by 17.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 135,806 shares of the company’s stock after selling 28,782 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Lithium Americas were worth $367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fairscale Capital LLC bought a new stake in shares of Lithium Americas during the 2nd quarter valued at about $27,000. Quent Capital LLC boosted its holdings in shares of Lithium Americas by 100.0% in the third quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $27,000 after buying an additional 5,000 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in Lithium Americas during the second quarter valued at approximately $27,000. AE Wealth Management LLC purchased a new stake in Lithium Americas during the second quarter valued at approximately $27,000. Finally, International Assets Investment Management LLC bought a new position in Lithium Americas in the second quarter worth approximately $30,000.

Lithium Americas Stock Performance

Shares of NYSE:LAC opened at $2.97 on Friday. The firm has a market cap of $655.43 million and a price-to-earnings ratio of -24.75. Lithium Americas Corp. has a fifty-two week low of $2.02 and a fifty-two week high of $7.71. The firm has a fifty day moving average price of $3.66 and a 200 day moving average price of $2.98.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LAC. Scotiabank cut their price objective 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. Wedbush assumed coverage on Lithium Americas in a report on Thursday. They set a “neutral” rating and a $5.00 price target for the company. BMO Capital Markets raised Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. B. Riley boosted their price objective on Lithium Americas from $4.50 to $5.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. 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 investment 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, Lithium Americas has an average rating of “Hold” and an average price target of $5.56.

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.