Barclays PLC Has $311,000 Holdings in Lithium Americas Corp. (NYSE:LAC)

Barclays PLC increased its position in Lithium Americas Corp. (NYSE:LAC) by 50.7% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 115,208 shares of the company’s stock after purchasing an additional 38,781 shares during the period. Barclays PLC owned about 0.05% of Lithium Americas worth $311,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LAC. Creative Financial Designs Inc. ADV boosted its position in shares of Lithium Americas by 39.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 13,040 shares of the company’s stock worth $35,000 after buying an additional 3,693 shares during the period. National Bank of Canada FI boosted its position in Lithium Americas by 13.2% during the 3rd quarter. National Bank of Canada FI now owns 37,129 shares of the company’s stock worth $100,000 after acquiring an additional 4,340 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Lithium Americas by 12.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 41,943 shares of the company’s stock valued at $112,000 after acquiring an additional 4,504 shares in the last quarter. Cowen AND Company LLC increased its holdings in shares of Lithium Americas by 50.0% in the 2nd quarter. Cowen AND Company LLC now owns 15,000 shares of the company’s stock valued at $40,000 after purchasing an additional 5,000 shares during the period. Finally, Quent Capital LLC lifted its position in shares of Lithium Americas by 100.0% in the third quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $27,000 after purchasing an additional 5,000 shares in the last quarter.

Lithium Americas Stock Up 3.6 %

Shares of LAC stock opened at $3.17 on Friday. Lithium Americas Corp. has a 12 month low of $2.02 and a 12 month high of $7.71. The company has a market cap of $699.57 million and a PE ratio of -26.42. The business’s 50 day moving average is $3.64 and its two-hundred day moving average is $2.99.

Analyst Ratings Changes

A number of brokerages recently commented on LAC. National Bank Financial raised shares of Lithium Americas from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 17th. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Scotiabank reduced their price objective on 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. B. Riley upped their target price on Lithium Americas from $4.50 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Finally, Wedbush began coverage on Lithium Americas in a report on Thursday, December 19th. They set a “neutral” rating and a $5.00 price target for the company. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.56.

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.