Vontobel Holding Ltd. Has $46,000 Stock Holdings in Lithium Americas Corp. (NYSE:LAC)

Vontobel Holding Ltd. lessened its stake in shares of Lithium Americas Corp. (NYSE:LAC) by 28.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,580 shares of the company’s stock after selling 6,346 shares during the quarter. Vontobel Holding Ltd.’s holdings in Lithium Americas were worth $46,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Perigon Wealth Management LLC lifted its position in Lithium Americas by 46.2% during the 4th quarter. Perigon Wealth Management LLC now owns 15,824 shares of the company’s stock worth $47,000 after buying an additional 5,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in Lithium Americas by 21.6% during the 3rd quarter. Geode Capital Management LLC now owns 103,275 shares of the company’s stock worth $279,000 after purchasing an additional 18,321 shares during the last quarter. HB Wealth Management LLC acquired a new position in Lithium Americas during the 4th quarter valued at about $55,000. Barclays PLC raised its stake in shares of Lithium Americas by 50.7% during the third quarter. Barclays PLC now owns 115,208 shares of the company’s stock worth $311,000 after buying an additional 38,781 shares during the last quarter. Finally, Independent Wealth Network Inc. raised its position in shares of Lithium Americas by 133.4% during the 4th quarter. Independent Wealth Network Inc. now owns 216,973 shares of the company’s stock valued at $644,000 after acquiring an additional 123,993 shares during the last quarter.

Analysts Set New Price Targets

LAC has been the subject of several analyst reports. B. Riley boosted 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. Piper Sandler cut their price objective on shares of Lithium Americas from $3.90 to $3.50 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. Cormark raised Lithium Americas to a “moderate buy” rating in a research report on Friday, January 17th. Finally, Wedbush initiated coverage on shares of Lithium Americas in a research report on Thursday, December 19th. They set a “neutral” rating and a $5.00 price target on the stock. Seven equities research 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 currently has an average rating of “Hold” and an average price target of $5.51.

Lithium Americas Stock Performance

Shares of NYSE:LAC opened at $2.96 on Friday. Lithium Americas Corp. has a 52-week low of $2.02 and a 52-week high of $7.71. The company has a market capitalization of $652.11 million, a PE ratio of -24.63 and a beta of 1.68. The company has a fifty day moving average of $3.12 and a 200-day moving average of $3.09.

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.