International Assets Investment Management LLC Lowers Stock Holdings in Lithium Americas Corp. (NYSE:LAC)

International Assets Investment Management LLC cut its holdings in Lithium Americas Corp. (NYSE:LAC) by 64.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,875 shares of the company’s stock after selling 21,133 shares during the quarter. International Assets Investment Management LLC’s holdings in Lithium Americas were worth $36,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Creative Financial Designs Inc. ADV grew its stake in Lithium Americas by 39.5% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 13,040 shares of the company’s stock valued at $35,000 after acquiring an additional 3,693 shares during the period. National Bank of Canada FI grew its position in shares of Lithium Americas by 13.2% in the third quarter. National Bank of Canada FI now owns 37,129 shares of the company’s stock valued at $100,000 after purchasing an additional 4,340 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Lithium Americas by 12.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 41,943 shares of the company’s stock worth $112,000 after purchasing an additional 4,504 shares in the last quarter. Quent Capital LLC raised its position in shares of Lithium Americas by 100.0% during the 3rd quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $27,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its position in shares of Lithium Americas by 37.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 21,926 shares of the company’s stock worth $59,000 after purchasing an additional 5,930 shares during the last quarter.

Wall Street Analysts Forecast Growth

LAC has been the subject of several research reports. Wedbush began coverage on Lithium Americas in a research note on Thursday, December 19th. They set a “neutral” rating and a $5.00 price objective for the company. Scotiabank dropped their price target 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. Piper Sandler decreased their price objective on Lithium Americas from $3.90 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a report on Wednesday, October 23rd. Finally, National Bank Financial raised shares of Lithium Americas from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.51.

Lithium Americas Stock Performance

NYSE:LAC opened at $3.27 on Wednesday. Lithium Americas Corp. has a fifty-two week low of $2.02 and a fifty-two week high of $7.71. The company has a 50 day moving average price of $3.51 and a 200 day moving average price of $3.02. The stock has a market capitalization of $721.64 million, a P/E ratio of -27.25 and a beta of 1.67.

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.