Lithium Americas Corp. (NYSE:LAC) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in shares of Lithium Americas Corp. (NYSE:LACGet Rating) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 253,200 shares of the company’s stock after selling 800 shares during the quarter. Swiss National Bank’s holdings in Lithium Americas were worth $5,091,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Tradewinds Capital Management LLC grew its holdings in Lithium Americas by 270.6% during the 2nd quarter. Tradewinds Capital Management LLC now owns 1,260 shares of the company’s stock valued at $25,000 after buying an additional 920 shares during the last quarter. Northern Oak Wealth Management Inc. grew its holdings in Lithium Americas by 169.5% during the 1st quarter. Northern Oak Wealth Management Inc. now owns 795 shares of the company’s stock valued at $31,000 after buying an additional 500 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Lithium Americas by 725.0% during the first quarter. PNC Financial Services Group Inc. now owns 825 shares of the company’s stock worth $32,000 after purchasing an additional 725 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in shares of Lithium Americas by 54.3% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,648 shares of the company’s stock worth $33,000 after purchasing an additional 580 shares during the last quarter. Finally, Orion Capital Management LLC acquired a new stake in shares of Lithium Americas during the first quarter worth $35,000. Institutional investors and hedge funds own 23.73% of the company’s stock.

Lithium Americas Trading Up 2.5 %

NYSE:LAC opened at $26.40 on Friday. The business’s 50-day moving average is $25.89 and its two-hundred day moving average is $25.27. The company has a debt-to-equity ratio of 0.30, a current ratio of 52.06 and a quick ratio of 52.06. Lithium Americas Corp. has a 12 month low of $18.89 and a 12 month high of $41.56. The firm has a market capitalization of $3.56 billion, a PE ratio of -37.71 and a beta of 1.41.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Lithium Americas from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Tuesday, October 4th. B. Riley restated a “buy” rating on shares of Lithium Americas in a report on Friday, November 4th. TD Securities raised their price objective on Lithium Americas from C$35.00 to C$40.00 in a report on Friday, October 28th. Evercore ISI started coverage on Lithium Americas in a report on Wednesday, November 16th. They set an “outperform” rating and a $35.00 price objective on the stock. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $38.00 target price on shares of Lithium Americas in a research report on Tuesday, September 20th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $39.50.

Lithium Americas Profile

(Get Rating)

Lithium Americas Corp. operates as a resource company in the United States and Argentina. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina; Thacker Pass project located in north-western Nevada; and Pastos Grandes project located in the Salta province of Argentina.

Read More

Want to see what other hedge funds are holding LAC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lithium Americas Corp. (NYSE:LACGet Rating).

Institutional Ownership by Quarter for Lithium Americas (NYSE:LAC)

Receive News & Ratings for Lithium Americas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithium Americas and related companies with MarketBeat.com's FREE daily email newsletter.