Lithium Americas Corp. (NYSE:LAC) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its position in shares of Lithium Americas Corp. (NYSE:LAC) by 37.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,926 shares of the company’s stock after acquiring an additional 5,930 shares during the period. Vontobel Holding Ltd.’s holdings in Lithium Americas were worth $59,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new position in shares of Lithium Americas in the 1st quarter worth approximately $26,000. Banque Cantonale Vaudoise acquired a new position in Lithium Americas in the first quarter worth approximately $25,000. Wealth Enhancement Advisory Services LLC grew its position in Lithium Americas by 8.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 242,074 shares of the company’s stock worth $1,627,000 after buying an additional 18,388 shares during the last quarter. MorganRosel Wealth Management LLC bought a new position in shares of Lithium Americas in the first quarter valued at $101,000. Finally, Teamwork Financial Advisors LLC acquired a new stake in shares of Lithium Americas during the 1st quarter valued at $68,000.

Lithium Americas Stock Down 4.2 %

Shares of LAC opened at $3.19 on Thursday. The company’s 50 day moving average price is $2.61 and its 200 day moving average price is $3.27. Lithium Americas Corp. has a 52 week low of $2.02 and a 52 week high of $7.86.

Lithium Americas (NYSE:LAC) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). As a group, equities research analysts anticipate that Lithium Americas Corp. will post -0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft cut their target price on Lithium Americas from $3.00 to $2.50 and set a “hold” rating on the stock in a research report on Friday, August 16th. National Bank Financial upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 17th. Piper Sandler began coverage on shares of Lithium Americas in a report on Monday, July 29th. They issued a “neutral” rating and a $3.90 target price for the company. B. Riley cut their price target on shares of Lithium Americas from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Finally, Scotiabank reduced their price target 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. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.50.

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.