MorganRosel Wealth Management LLC Takes $101,000 Position in Lithium Americas Corp. (NYSE:LAC)

MorganRosel Wealth Management LLC acquired a new stake in shares of Lithium Americas Corp. (NYSE:LAC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,000 shares of the company’s stock, valued at approximately $101,000.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Lithium Americas by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 3,534,140 shares of the company’s stock valued at $60,116,000 after buying an additional 39,419 shares in the last quarter. Dynamic Advisor Solutions LLC increased its stake in Lithium Americas by 3.6% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 60,551 shares of the company’s stock worth $368,000 after purchasing an additional 2,126 shares during the period. Virtu Financial LLC purchased a new position in Lithium Americas in the 4th quarter worth approximately $217,000. LPL Financial LLC increased its stake in Lithium Americas by 82.6% in the 3rd quarter. LPL Financial LLC now owns 223,701 shares of the company’s stock worth $3,805,000 after purchasing an additional 101,174 shares during the period. Finally, Allworth Financial LP purchased a new position in Lithium Americas in the 4th quarter worth approximately $37,000.

Lithium Americas Price Performance

Lithium Americas stock opened at $2.65 on Tuesday. The business’s fifty day simple moving average is $3.72 and its two-hundred day simple moving average is $4.96. Lithium Americas Corp. has a 12 month low of $2.61 and a 12 month high of $12.38.

Lithium Americas (NYSE:LAC) last released its earnings results on Monday, May 13th. The company reported ($0.04) EPS for the quarter, hitting the consensus estimate of ($0.04). Sell-side analysts predict that Lithium Americas Corp. will post -0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on LAC shares. Eight Capital decreased their price target on Lithium Americas from $13.50 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, May 14th. HSBC reduced their target price on Lithium Americas from $6.50 to $5.10 and set a “hold” rating on the stock in a research note on Friday, April 19th. Scotiabank cut Lithium Americas from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $15.00 to $7.00 in a research note on Monday, March 18th. National Bank Financial raised Lithium Americas to a “hold” rating in a research note on Wednesday, June 5th. Finally, JPMorgan Chase & Co. boosted their target price on Lithium Americas from $5.50 to $7.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.46.

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.