Public Employees Retirement System of Ohio Makes New $161,000 Investment in Lithium Americas Corp. (NYSE:LAC)

Public Employees Retirement System of Ohio bought a new stake in Lithium Americas Corp. (NYSE:LAC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 59,678 shares of the company’s stock, valued at approximately $161,000.

Several other large investors have also modified their holdings of the stock. Fairscale Capital LLC purchased a new position in Lithium Americas in the 2nd quarter valued at $27,000. AE Wealth Management LLC purchased a new stake in shares of Lithium Americas in the second quarter valued at about $27,000. Evergreen Capital Management LLC acquired a new position in shares of Lithium Americas during the second quarter worth about $27,000. Quent Capital LLC raised its holdings in Lithium Americas by 100.0% during the third quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock worth $27,000 after purchasing an additional 5,000 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Lithium Americas in the second quarter valued at about $30,000.

Lithium Americas Price Performance

LAC stock opened at $2.97 on Friday. The company’s 50 day simple moving average is $3.66 and its 200-day simple moving average is $2.98. Lithium Americas Corp. has a 12 month low of $2.02 and a 12 month high of $7.71. The firm has a market capitalization of $655.43 million and a PE ratio of -24.75.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LAC shares. Scotiabank cut their target price on Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating for the company in a research note on Friday, October 18th. B. Riley raised their target price on Lithium Americas from $4.50 to $5.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. National Bank Financial raised shares of Lithium Americas from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 17th. BMO Capital Markets upgraded shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Finally, Wedbush assumed coverage on shares of Lithium Americas in a research report on Thursday. They set a “neutral” rating and a $5.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.56.

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.