Ballentine Partners LLC Lowers Stock Holdings in Lithium Americas Corp. (NYSE:LAC)

Ballentine Partners LLC trimmed its position in shares of Lithium Americas Corp. (NYSE:LAC) by 13.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 21,255 shares of the company’s stock after selling 3,388 shares during the quarter. Ballentine Partners LLC’s holdings in Lithium Americas were worth $63,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Quent Capital LLC boosted its holdings 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 valued at $27,000 after acquiring an additional 5,000 shares during the last quarter. Evergreen Capital Management LLC purchased a new position in shares of Lithium Americas in the second quarter valued at about $27,000. AE Wealth Management LLC purchased a new stake in Lithium Americas during the 2nd quarter valued at approximately $27,000. Vanguard Personalized Indexing Management LLC bought a new stake in Lithium Americas in the 2nd quarter valued at $32,000. Finally, Creative Financial Designs Inc. ADV boosted its stake in Lithium Americas by 39.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 13,040 shares of the company’s stock valued at $35,000 after buying an additional 3,693 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. BMO Capital Markets upgraded shares of Lithium Americas to a “hold” rating in a research report on Wednesday, October 23rd. B. Riley boosted their price target on Lithium Americas from $4.50 to $5.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. National Bank Financial upgraded shares of Lithium Americas from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 17th. Scotiabank cut their target price on Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating on the stock in a research note on Friday, October 18th. Finally, Wedbush began coverage on Lithium Americas in a research note on Thursday, December 19th. They set a “neutral” rating and a $5.00 target price on the stock. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.51.

Lithium Americas Trading Down 1.1 %

Shares of LAC stock opened at $3.15 on Monday. The stock has a 50 day moving average of $3.40 and a 200 day moving average of $3.06. Lithium Americas Corp. has a twelve month low of $2.02 and a twelve month high of $7.71. The stock has a market cap of $694.04 million, a P/E ratio of -26.21 and a beta of 1.67.

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.