Barclays PLC Grows Position in Lithium Americas Corp. (NYSE:LAC)

Barclays PLC lifted its holdings in shares of Lithium Americas Corp. (NYSE:LAC) by 50.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 115,208 shares of the company’s stock after purchasing an additional 38,781 shares during the quarter. Barclays PLC owned 0.05% of Lithium Americas worth $311,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fairscale Capital LLC purchased a new stake in shares of Lithium Americas during the 2nd quarter valued at $27,000. Quent Capital LLC boosted 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 worth $27,000 after purchasing an additional 5,000 shares in the last quarter. Evergreen Capital Management LLC bought a new position in shares of Lithium Americas during the 2nd quarter valued at about $27,000. AE Wealth Management LLC bought a new stake in Lithium Americas in the 2nd quarter worth approximately $27,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in Lithium Americas in the second quarter worth approximately $32,000.

Wall Street Analysts Forecast Growth

LAC has been the subject of a number of recent research reports. Piper Sandler lowered their price objective on shares of Lithium Americas from $3.90 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, January 7th. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Wedbush assumed 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 for the company. B. Riley lifted their price objective on Lithium Americas from $4.50 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Finally, Scotiabank dropped their target price on Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating for the company in a report on Friday, October 18th. Seven equities research 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 company presently has an average rating of “Hold” and an average price target of $5.51.

Lithium Americas Stock Performance

NYSE LAC opened at $3.49 on Monday. Lithium Americas Corp. has a fifty-two week low of $2.02 and a fifty-two week high of $7.71. The stock has a market cap of $769.07 million, a P/E ratio of -29.04 and a beta of 1.67. The stock has a 50 day simple moving average of $3.48 and a two-hundred day simple moving average of $3.04.

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.