PFG Investments LLC Has $164,000 Stock Holdings in Lithium Americas Corp. (NYSE:LAC)

PFG Investments LLC lifted its position in Lithium Americas Corp. (NYSE:LAC) by 65.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,301 shares of the company’s stock after buying an additional 21,840 shares during the quarter. PFG Investments LLC’s holdings in Lithium Americas were worth $164,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Teamwork Financial Advisors LLC raised its holdings in Lithium Americas by 79.2% in the 4th quarter. Teamwork Financial Advisors LLC now owns 714,381 shares of the company’s stock worth $2,122,000 after acquiring an additional 315,621 shares during the period. Tidal Investments LLC increased its stake in shares of Lithium Americas by 31.8% in the third 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 during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Lithium Americas by 41.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 373,380 shares of the company’s stock worth $1,008,000 after purchasing an additional 108,993 shares during the last quarter. HITE Hedge Asset Management LLC bought a new stake in Lithium Americas during the 3rd quarter valued at approximately $787,000. Finally, Wolverine Asset Management LLC boosted its stake in Lithium Americas by 3.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 278,622 shares of the company’s stock valued at $752,000 after purchasing an additional 10,000 shares during the period.

Lithium Americas Trading Down 1.2 %

Shares of LAC opened at $2.99 on Friday. The stock has a market cap of $658.73 million, a PE ratio of -24.88 and a beta of 1.67. Lithium Americas Corp. has a 1 year low of $2.02 and a 1 year high of $7.71. The stock has a 50 day simple moving average of $3.33 and a 200-day simple moving average of $3.06.

Wall Street Analyst Weigh In

LAC has been the subject of a number of research analyst reports. Scotiabank cut their price target on Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating for the company in a report on Friday, October 18th. BMO Capital Markets upgraded shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Wedbush started coverage on shares of Lithium Americas in a research report on Thursday, December 19th. They issued a “neutral” rating and a $5.00 price target on the stock. B. Riley boosted their price objective on shares of Lithium Americas from $4.50 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Cormark upgraded shares of Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.51.

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.