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

Koss Olinger Consulting LLC lifted its holdings in Lithium Americas Corp. (NYSE:LAC) by 44.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 186,239 shares of the company’s stock after buying an additional 57,028 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Lithium Americas were worth $553,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Teamwork Financial Advisors LLC grew its position in shares of Lithium Americas by 79.2% in the 4th quarter. Teamwork Financial Advisors LLC now owns 714,381 shares of the company’s stock valued at $2,122,000 after purchasing an additional 315,621 shares during the period. Tidal Investments LLC grew its position in shares of Lithium Americas by 31.8% in the 3rd quarter. Tidal Investments LLC now owns 379,078 shares of the company’s stock valued at $1,024,000 after purchasing an additional 91,353 shares during the period. HITE Hedge Asset Management LLC acquired a new position in shares of Lithium Americas in the 3rd quarter valued at approximately $787,000. Centiva Capital LP grew its position in shares of Lithium Americas by 71.7% in the 3rd quarter. Centiva Capital LP now owns 231,946 shares of the company’s stock valued at $626,000 after purchasing an additional 96,896 shares during the period. Finally, Alberta Investment Management Corp acquired a new position in shares of Lithium Americas in the 4th quarter valued at approximately $686,000.

Lithium Americas Stock Up 0.2 %

Shares of Lithium Americas stock opened at $3.03 on Wednesday. Lithium Americas Corp. has a 12-month low of $2.02 and a 12-month high of $7.71. The stock has a market cap of $667.57 million, a P/E ratio of -25.21 and a beta of 1.77. The business’s 50 day moving average is $3.03 and its 200-day moving average is $3.15.

Analyst Upgrades and Downgrades

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

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.