Quotient Wealth Partners LLC Acquires New Position in Lithium Americas Corp. (NYSE:LAC)

Quotient Wealth Partners LLC bought a new position in shares of Lithium Americas Corp. (NYSE:LAC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,500 shares of the company’s stock, valued at approximately $49,000.

Several other large investors have also added to or reduced their stakes in LAC. Teamwork Financial Advisors LLC raised its position in shares of Lithium Americas by 2,274.3% during 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. HITE Hedge Asset Management LLC purchased a new stake in Lithium Americas in the 3rd quarter worth $787,000. Independent Wealth Network Inc. raised its holdings in Lithium Americas by 133.4% during the fourth quarter. Independent Wealth Network Inc. now owns 216,973 shares of the company’s stock valued at $644,000 after acquiring an additional 123,993 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Lithium Americas by 41.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 373,380 shares of the company’s stock valued at $1,008,000 after acquiring an additional 108,993 shares in the last quarter. Finally, Centiva Capital LP boosted its stake in shares of Lithium Americas by 71.7% in the third quarter. Centiva Capital LP now owns 231,946 shares of the company’s stock worth $626,000 after acquiring an additional 96,896 shares during the period.

Lithium Americas Stock Down 2.1 %

Lithium Americas stock opened at $2.97 on Tuesday. The company’s 50-day moving average price is $3.23 and its 200-day moving average price is $3.07. The company has a market cap of $654.32 million, a PE ratio of -24.71 and a beta of 1.68. Lithium Americas Corp. has a twelve month low of $2.02 and a twelve month high of $7.71.

Analysts Set New Price Targets

LAC has been the topic of several recent analyst reports. Wedbush assumed coverage on Lithium Americas in a research note on Thursday, December 19th. They set a “neutral” rating and a $5.00 target price on the stock. Piper Sandler lowered their target price on shares of Lithium Americas from $3.90 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. B. Riley upped their target price on shares of Lithium Americas from $4.50 to $5.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. National Bank Financial upgraded shares of Lithium Americas from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 17th. Finally, Scotiabank dropped their price objective on shares of Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating for the company in a report on Friday, October 18th. Seven investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.51.

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.