Quotient Wealth Partners LLC Takes $49,000 Position in Lithium Americas Corp. (NYSE:LAC)

Quotient Wealth Partners LLC purchased a new position in shares of Lithium Americas Corp. (NYSE:LAC) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 16,500 shares of the company’s stock, valued at approximately $49,000.

A number of other large investors also recently bought and sold shares of LAC. The Manufacturers Life Insurance Company increased its stake in Lithium Americas by 75.9% in the second quarter. The Manufacturers Life Insurance Company now owns 78,554 shares of the company’s stock worth $209,000 after purchasing an additional 33,900 shares during the period. Creative Planning increased its stake in Lithium Americas by 21.8% in the 3rd quarter. Creative Planning now owns 33,276 shares of the company’s stock worth $90,000 after buying an additional 5,945 shares during the period. Vontobel Holding Ltd. lifted its holdings in Lithium Americas by 37.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 21,926 shares of the company’s stock valued at $59,000 after buying an additional 5,930 shares in the last quarter. Teamwork Financial Advisors LLC boosted its position 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 buying an additional 381,965 shares during the period. Finally, Koss Olinger Consulting LLC boosted its position in Lithium Americas by 41.8% in the 3rd quarter. Koss Olinger Consulting LLC now owns 129,211 shares of the company’s stock valued at $349,000 after buying an additional 38,062 shares during the period.

Lithium Americas Price Performance

LAC opened at $2.97 on Tuesday. The firm has a market capitalization of $654.32 million, a PE ratio of -24.71 and a beta of 1.68. The business’s 50-day moving average is $3.23 and its two-hundred day moving average is $3.07. Lithium Americas Corp. has a 1 year low of $2.02 and a 1 year high of $7.71.

Analyst Ratings Changes

Several research firms have recently weighed in on LAC. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. National Bank Financial raised Lithium Americas from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 17th. B. Riley upped their target price on Lithium Americas from $4.50 to $5.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Wedbush started coverage on Lithium Americas in a research note on Thursday, December 19th. They set a “neutral” rating and a $5.00 price target on the stock. Finally, Piper Sandler lowered their price objective on shares of Lithium Americas from $3.90 to $3.50 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.