Lithium Americas Corp. (NYSE:LAC) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its holdings in Lithium Americas Corp. (NYSE:LACFree Report) by 14.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,327 shares of the company’s stock after selling 5,623 shares during the quarter. Stifel Financial Corp’s holdings in Lithium Americas were worth $93,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in LAC. Renaissance Technologies LLC purchased a new position in Lithium Americas in the 2nd quarter valued at $520,000. Marshall Wace LLP purchased a new position in Lithium Americas in the 2nd quarter valued at approximately $10,252,000. Merewether Investment Management LP acquired a new position in Lithium Americas during the second quarter worth $858,000. Point72 Asset Management L.P. increased its position 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 buying an additional 1,584,123 shares in the last quarter. Finally, Teamwork Financial Advisors LLC grew its stake in Lithium Americas by 2,274.3% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 398,760 shares of the company’s stock valued at $1,077,000 after acquiring an additional 381,965 shares during the last quarter.

Lithium Americas Trading Down 2.9 %

NYSE LAC opened at $3.00 on Tuesday. The company has a market capitalization of $662.06 million and a PE ratio of -25.00. The business’s 50-day moving average price is $3.67 and its 200 day moving average price is $2.99. Lithium Americas Corp. has a twelve month low of $2.02 and a twelve month high of $7.71.

Analyst Ratings Changes

Several analysts have recently commented on the stock. BMO Capital Markets upgraded shares of Lithium Americas to a “hold” rating in a research report on Wednesday, October 23rd. National Bank Financial upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 17th. B. Riley boosted their price target on Lithium Americas from $4.50 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Scotiabank decreased their price objective on Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating on the stock in a research note on Friday, October 18th. Finally, Wedbush assumed coverage on shares of Lithium Americas in a research note on Thursday, December 19th. They issued a “neutral” rating and a $5.00 target price for the company. 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, the company presently has an average rating of “Hold” and an average price target of $5.56.

Check Out Our Latest Analysis on Lithium Americas

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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