International Assets Investment Management LLC Makes New $71,000 Investment in Lithium Americas Corp. (NYSE:LAC)

International Assets Investment Management LLC bought a new stake in Lithium Americas Corp. (NYSE:LAC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,040 shares of the company’s stock, valued at approximately $71,000.

Other institutional investors have also made changes to their positions in the company. LPL Financial LLC increased its position in Lithium Americas by 82.6% in the 3rd quarter. LPL Financial LLC now owns 223,701 shares of the company’s stock valued at $3,805,000 after acquiring an additional 101,174 shares in the last quarter. CenterBook Partners LP increased its stake in shares of Lithium Americas by 15.2% in the 3rd quarter. CenterBook Partners LP now owns 503,361 shares of the company’s stock valued at $8,562,000 after buying an additional 66,421 shares during the period. RWC Asset Management LLP raised its position in shares of Lithium Americas by 98.5% during the third quarter. RWC Asset Management LLP now owns 124,410 shares of the company’s stock worth $2,124,000 after acquiring an additional 61,733 shares during the last quarter. WINTON GROUP Ltd bought a new position in Lithium Americas in the third quarter valued at about $924,000. Finally, Mackenzie Financial Corp increased its position in Lithium Americas by 30.4% in the third quarter. Mackenzie Financial Corp now owns 200,357 shares of the company’s stock worth $3,243,000 after purchasing an additional 46,677 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LAC shares. HSBC cut their target price on shares of Lithium Americas from $6.50 to $5.10 and set a “hold” rating on the stock in a research report on Friday, April 19th. Scotiabank lowered shares of Lithium Americas from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the stock from $15.00 to $7.00 in a report on Monday, March 18th. Evercore ISI cut their price target on Lithium Americas from $13.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Finally, JPMorgan Chase & Co. lifted their price objective on Lithium Americas from $5.50 to $7.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $12.18.

Lithium Americas Stock Performance

LAC opened at $4.44 on Wednesday. The company has a fifty day simple moving average of $5.79 and a 200 day simple moving average of $5.99. Lithium Americas Corp. has a 12 month low of $3.81 and a 12 month high of $12.38.

Lithium Americas (NYSE:LAC) last announced its quarterly earnings results on Friday, March 15th. The company reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08). On average, analysts forecast that Lithium Americas Corp. will post -0.15 EPS for the current fiscal 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.