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

International Assets Investment Management LLC lifted its holdings in Lithium Americas Corp. (NYSE:LAC) by 194.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,008 shares of the company’s stock after purchasing an additional 21,783 shares during the period. International Assets Investment Management LLC’s holdings in Lithium Americas were worth $89,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of LAC. Northwestern Mutual Wealth Management Co. raised its holdings in Lithium Americas by 12.0% in the second 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 position 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 last quarter. Quent Capital LLC raised its holdings in shares of Lithium Americas by 100.0% in the 3rd quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock valued at $27,000 after purchasing an additional 5,000 shares in the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Lithium Americas by 37.1% in the 3rd quarter. Vontobel Holding Ltd. now owns 21,926 shares of the company’s stock valued at $59,000 after purchasing an additional 5,930 shares during the last quarter. Finally, Creative Planning lifted its stake in Lithium Americas by 21.8% in the third quarter. Creative Planning now owns 33,276 shares of the company’s stock valued at $90,000 after buying an additional 5,945 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LAC shares. Piper Sandler assumed coverage on Lithium Americas in a research report on Monday, July 29th. They set a “neutral” rating and a $3.90 price objective for the company. B. Riley lowered their price target on Lithium Americas from $4.50 to $4.00 and set a “buy” rating on the stock in a report on Friday, August 16th. Scotiabank dropped their target price on shares of Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating for the company in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft cut their price target on Lithium Americas from $3.00 to $2.50 and set a “hold” rating for the company in a report on Friday, August 16th. Finally, BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Six 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, Lithium Americas currently has a consensus rating of “Hold” and an average price target of $5.50.

Lithium Americas Stock Performance

Lithium Americas stock opened at $4.10 on Friday. Lithium Americas Corp. has a 12 month low of $2.02 and a 12 month high of $7.86. The stock’s 50-day moving average is $2.90 and its 200-day moving average is $3.10.

Lithium Americas (NYSE:LAC) last announced its quarterly earnings results on Tuesday, November 5th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. Sell-side analysts expect that Lithium Americas Corp. will post -0.09 EPS for the current year.

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.