12,195 Shares in Lithium Americas Corp. (NYSE:LAC) Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Lithium Americas Corp. (NYSE:LAC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,195 shares of the company’s stock, valued at approximately $32,000.

A number of other large investors have also bought and sold shares of the company. Virtu Financial LLC bought a new position in Lithium Americas in the 4th quarter worth about $217,000. Wealth Enhancement Advisory Services LLC increased its holdings in Lithium Americas by 8.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 242,074 shares of the company’s stock worth $1,627,000 after acquiring an additional 18,388 shares during the period. General Motors Holdings LLC increased its holdings in Lithium Americas by 100.0% during the 4th quarter. General Motors Holdings LLC now owns 30,004,488 shares of the company’s stock worth $190,829,000 after acquiring an additional 15,002,245 shares during the period. BNP Paribas Financial Markets purchased a new stake in Lithium Americas in the 1st quarter worth approximately $202,000. Finally, Headlands Technologies LLC boosted its holdings in Lithium Americas by 2,332.3% in the 1st quarter. Headlands Technologies LLC now owns 7,686 shares of the company’s stock valued at $52,000 after purchasing an additional 7,370 shares during the period.

Lithium Americas Stock Performance

LAC opened at $2.58 on Wednesday. Lithium Americas Corp. has a 1 year low of $2.02 and a 1 year high of $12.38. The stock’s 50 day simple moving average is $2.47 and its 200 day simple moving average is $3.66.

Lithium Americas (NYSE:LAC) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Analysts expect that Lithium Americas Corp. will post -0.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. B. Riley reduced their target price on Lithium Americas from $4.50 to $4.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Scotiabank dropped their target price on shares of Lithium Americas from $5.50 to $3.00 and set a “sector perform” rating for the company in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Lithium Americas from $3.00 to $2.50 and set a “hold” rating on the stock in a research report on Friday, August 16th. National Bank Financial raised Lithium Americas to a “hold” rating in a research note on Wednesday, June 5th. Finally, Piper Sandler began coverage on Lithium Americas in a research note on Monday, July 29th. They set a “neutral” rating and a $3.90 price target for the company. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.61.

Lithium Americas Company 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.