Koss Olinger Consulting LLC Has $553,000 Position in Lithium Americas Corp. (NYSE:LAC)

Koss Olinger Consulting LLC boosted its stake in shares of Lithium Americas Corp. (NYSE:LAC) by 44.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186,239 shares of the company’s stock after acquiring an additional 57,028 shares during the quarter. Koss Olinger Consulting LLC owned 0.08% of Lithium Americas worth $553,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of LAC. National Bank of Canada FI increased its stake in shares of Lithium Americas by 13.2% in the third quarter. National Bank of Canada FI now owns 37,129 shares of the company’s stock valued at $100,000 after buying an additional 4,340 shares in the last quarter. Allworth Financial LP increased its stake in shares of Lithium Americas by 99.4% in the fourth quarter. Allworth Financial LP now owns 9,814 shares of the company’s stock valued at $31,000 after buying an additional 4,893 shares in the last quarter. Perigon Wealth Management LLC increased its stake in shares of Lithium Americas by 46.2% in the fourth quarter. Perigon Wealth Management LLC now owns 15,824 shares of the company’s stock valued at $47,000 after buying an additional 5,000 shares in the last quarter. HighTower Advisors LLC increased its stake in shares of Lithium Americas by 13.4% in the third quarter. HighTower Advisors LLC now owns 50,473 shares of the company’s stock valued at $138,000 after buying an additional 5,952 shares in the last quarter. Finally, Balboa Wealth Partners increased its stake in shares of Lithium Americas by 15.9% in the fourth quarter. Balboa Wealth Partners now owns 51,118 shares of the company’s stock valued at $152,000 after buying an additional 7,000 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LAC. Piper Sandler lowered their target price on Lithium Americas from $3.90 to $3.50 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Cormark upgraded Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th. Finally, Wedbush began coverage on Lithium Americas in a report on Thursday, December 19th. They issued a “neutral” rating and a $5.00 price target on the stock. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $4.80.

Lithium Americas Trading Up 0.2 %

Lithium Americas stock opened at $3.03 on Wednesday. The firm has a market capitalization of $667.57 million, a P/E ratio of -25.21 and a beta of 1.77. Lithium Americas Corp. has a 1 year low of $2.02 and a 1 year high of $7.71. The business has a 50-day moving average of $3.03 and a 200-day moving average of $3.15.

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.