SG Americas Securities LLC Decreases Holdings in Lithium Americas Corp. (NYSE:LAC)

SG Americas Securities LLC decreased its position in shares of Lithium Americas Corp. (NYSE:LAC) by 38.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,594 shares of the company’s stock after selling 9,157 shares during the quarter. SG Americas Securities LLC’s holdings in Lithium Americas were worth $43,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LAC. Creative Financial Designs Inc. ADV lifted its position in shares of Lithium Americas by 39.5% during the third quarter. Creative Financial Designs Inc. ADV now owns 13,040 shares of the company’s stock worth $35,000 after purchasing an additional 3,693 shares during the last quarter. National Bank of Canada FI raised its holdings in Lithium Americas by 13.2% during the third quarter. National Bank of Canada FI now owns 37,129 shares of the company’s stock worth $100,000 after purchasing an additional 4,340 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in Lithium Americas by 37.1% during the third quarter. Vontobel Holding Ltd. now owns 21,926 shares of the company’s stock worth $59,000 after purchasing an additional 5,930 shares in the last quarter. Creative Planning raised its holdings in Lithium Americas by 21.8% during the third quarter. Creative Planning now owns 33,276 shares of the company’s stock worth $90,000 after purchasing an additional 5,945 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Lithium Americas by 13.4% in the third quarter. HighTower Advisors LLC now owns 50,473 shares of the company’s stock valued at $138,000 after buying an additional 5,952 shares in the last quarter.

Lithium Americas Stock Performance

NYSE:LAC opened at $3.02 on Friday. The firm’s fifty day moving average is $3.17 and its 200-day moving average is $3.07. Lithium Americas Corp. has a 52 week low of $2.02 and a 52 week high of $7.71. The firm has a market cap of $665.35 million, a P/E ratio of -25.13 and a beta of 1.68.

Analyst Ratings Changes

LAC has been the topic of several research analyst reports. Piper Sandler lowered their price target on shares of Lithium Americas from $3.90 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Scotiabank cut their price objective 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. B. Riley upped their target price on shares of Lithium Americas from $4.50 to $5.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Cormark raised shares of Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. Finally, BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.51.

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.