Lithium Americas Corp. (NYSE:LAC) Shares Sold by Toroso Investments LLC

Toroso Investments LLC decreased its position in Lithium Americas Corp. (NYSE:LACGet Rating) by 7.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,717 shares of the company’s stock after selling 3,155 shares during the quarter. Toroso Investments LLC’s holdings in Lithium Americas were worth $1,016,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Lithium Americas by 51.9% in the 1st quarter. JPMorgan Chase & Co. now owns 218,536 shares of the company’s stock valued at $8,412,000 after purchasing an additional 74,648 shares in the last quarter. Cetera Advisor Networks LLC acquired a new stake in Lithium Americas in the first quarter valued at $359,000. Citigroup Inc. purchased a new stake in Lithium Americas during the 1st quarter worth about $325,000. PNC Financial Services Group Inc. boosted its position in shares of Lithium Americas by 725.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 825 shares of the company’s stock worth $32,000 after acquiring an additional 725 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Lithium Americas in the 1st quarter valued at about $860,000. Hedge funds and other institutional investors own 21.88% of the company’s stock.

Analysts Set New Price Targets

LAC has been the subject of several recent analyst reports. Pi Financial restated a “buy” rating on shares of Lithium Americas in a research note on Wednesday, March 8th. National Bankshares increased their target price on shares of Lithium Americas from $38.50 to $42.50 and gave the company an “outperform” rating in a research report on Wednesday, February 8th. National Bank Financial reduced their price target on shares of Lithium Americas from $42.50 to $38.50 in a research report on Monday, January 16th. B. Riley raised their price objective on Lithium Americas from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Lithium Americas from $34.00 to $30.00 in a report on Tuesday, January 10th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $39.00.

Lithium Americas Stock Performance

NYSE LAC opened at $20.14 on Friday. The firm has a market cap of $3.04 billion, a P/E ratio of -28.77 and a beta of 1.52. Lithium Americas Corp. has a 52-week low of $17.58 and a 52-week high of $40.39. The business’s 50-day moving average price is $22.63 and its 200 day moving average price is $24.18. The company has a quick ratio of 52.06, a current ratio of 52.06 and a debt-to-equity ratio of 0.30.

Lithium Americas Profile

(Get Rating)

Lithium Americas Corp. is a resource company, which engages in lithium development projects. Its projects include: Thacker Pass and Caucharí-Olaroz. The company was founded by Raymond Edward Flood, Jr. on November 27, 2007 and is headquartered in Vancouver, Canada.

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

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