Headlands Technologies LLC Raises Stock Position in Lithium Americas Corp. (NYSE:LAC)

Headlands Technologies LLC increased its holdings in shares of Lithium Americas Corp. (NYSE:LAC) by 861.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,868 shares of the company’s stock after purchasing an additional 66,182 shares during the period. Headlands Technologies LLC’s holdings in Lithium Americas were worth $198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Jump Financial LLC purchased a new position in Lithium Americas in the fourth quarter valued at $71,000. Vanguard Personalized Indexing Management LLC purchased a new position in Lithium Americas in the fourth quarter valued at $66,000. Independent Advisor Alliance increased its holdings in Lithium Americas by 98.9% in the fourth quarter. Independent Advisor Alliance now owns 23,660 shares of the company’s stock valued at $151,000 after buying an additional 11,767 shares in the last quarter. Brown Advisory Inc. purchased a new position in Lithium Americas in the fourth quarter valued at $644,000. Finally, Cowen AND Company LLC purchased a new position in Lithium Americas in the fourth quarter valued at $64,000.

Lithium Americas Stock Performance

LAC opened at $2.39 on Friday. Lithium Americas Corp. has a twelve month low of $2.02 and a twelve month high of $12.38. The firm’s 50-day moving average price is $2.55 and its 200 day moving average price is $3.93.

Lithium Americas (NYSE:LAC) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). As a group, sell-side analysts predict that Lithium Americas Corp. will post -0.1 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Piper Sandler assumed coverage on shares of Lithium Americas in a report on Monday, July 29th. They issued a “neutral” rating and a $3.90 price objective for the company. National Bank Financial raised shares of Lithium Americas to a “hold” rating in a report on Wednesday, June 5th. Scotiabank dropped their target price on shares of Lithium Americas from $5.50 to $3.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 15th. B. Riley dropped their target price on shares of Lithium Americas from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Friday, August 16th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of Lithium Americas from $3.00 to $2.50 and set a “hold” rating on the stock in a research report on Friday, August 16th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Lithium Americas presently has an average rating of “Moderate Buy” and a consensus target price of $6.61.

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.