Jones Financial Companies Lllp Grows Position in Lithium Americas Corp. (NYSE:LAC)

Jones Financial Companies Lllp boosted its position in shares of Lithium Americas Corp. (NYSE:LAC) by 29.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,350 shares of the company’s stock after acquiring an additional 19,908 shares during the period. Jones Financial Companies Lllp’s holdings in Lithium Americas were worth $259,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of LAC. Teamwork Financial Advisors LLC increased its position in Lithium Americas by 79.2% during the fourth quarter. Teamwork Financial Advisors LLC now owns 714,381 shares of the company’s stock worth $2,122,000 after buying an additional 315,621 shares during the period. Tidal Investments LLC grew its stake in shares of Lithium Americas by 31.8% in the 3rd quarter. Tidal Investments LLC now owns 379,078 shares of the company’s stock valued at $1,024,000 after purchasing an additional 91,353 shares during the last quarter. HITE Hedge Asset Management LLC acquired a new stake in shares of Lithium Americas in the 3rd quarter worth $787,000. Wolverine Asset Management LLC raised its holdings in Lithium Americas by 3.7% during the third quarter. Wolverine Asset Management LLC now owns 278,622 shares of the company’s stock worth $752,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Centiva Capital LP lifted its position in Lithium Americas by 71.7% in the third quarter. Centiva Capital LP now owns 231,946 shares of the company’s stock valued at $626,000 after purchasing an additional 96,896 shares during the period.

Lithium Americas Trading Down 1.5 %

Shares of NYSE:LAC opened at $2.90 on Thursday. The firm has a market cap of $638.88 million, a PE ratio of -24.13 and a beta of 1.77. Lithium Americas Corp. has a 12-month low of $2.02 and a 12-month high of $7.71. The company has a fifty day simple moving average of $3.05 and a 200 day simple moving average of $3.13.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Cormark upgraded Lithium Americas to a “moderate buy” rating in a research report on Friday, January 17th. Piper Sandler lowered their target price on shares of Lithium Americas from $3.90 to $3.50 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Finally, Wedbush assumed coverage on Lithium Americas in a report on Thursday, December 19th. They set a “neutral” rating and a $5.00 price objective on the stock. Seven 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 stock has an average rating of “Hold” and an average target price of $5.51.

Lithium Americas Company 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.