Tidal Investments LLC Buys 91,353 Shares of Lithium Americas Corp. (NYSE:LAC)

Tidal Investments LLC lifted its stake in shares of Lithium Americas Corp. (NYSE:LAC) by 31.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 379,078 shares of the company’s stock after purchasing an additional 91,353 shares during the quarter. Tidal Investments LLC owned 0.17% of Lithium Americas worth $1,024,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LAC. Van ECK Associates Corp increased its position in shares of Lithium Americas by 69.8% during the second quarter. Van ECK Associates Corp now owns 3,953,127 shares of the company’s stock valued at $10,591,000 after buying an additional 1,625,149 shares during the period. Marshall Wace LLP bought a new stake in Lithium Americas during the 2nd quarter worth approximately $10,252,000. Point72 Asset Management L.P. lifted its stake in Lithium Americas by 580.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,857,193 shares of the company’s stock worth $4,977,000 after purchasing an additional 1,584,123 shares in the last quarter. Teamwork Financial Advisors LLC boosted its holdings in Lithium Americas by 2,274.3% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 398,760 shares of the company’s stock valued at $1,077,000 after purchasing an additional 381,965 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of Lithium Americas by 41.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 373,380 shares of the company’s stock valued at $1,008,000 after purchasing an additional 108,993 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LAC. B. Riley increased their price objective on Lithium Americas from $4.50 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Wedbush initiated coverage on Lithium Americas in a research report on Thursday. They set a “neutral” rating and a $5.00 price target for the company. Scotiabank cut their price objective 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. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Finally, National Bank Financial raised shares of Lithium Americas from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 17th. Seven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.56.

Lithium Americas Stock Performance

LAC stock opened at $2.94 on Friday. The firm has a market cap of $648.81 million and a P/E ratio of -24.50. The firm’s fifty day moving average is $3.66 and its 200 day moving average is $2.99. Lithium Americas Corp. has a 52 week low of $2.02 and a 52 week high of $7.71.

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.