Alexi Illya Zawadzki Sells 353,914 Shares of Lithium Americas (NYSE:LAC) Stock

Key Points

• VP Alexi Illya Zawadzki sold 353,914 shares of Lithium Americas at an average price of $9.48, significantly reducing his position by 89.84%, and now retains 40,005 shares valued at approximately $379,247.40.
• Lithium Americas stock has recently experienced a 31.3% increase, closing at $9.01, with trading volume far exceeding its average.
• Analysts hold a cautious outlook on the stock, with a consensus rating of "Hold" and a majority of recent target price adjustments reflecting varying levels of endorsement for the stock.

Lithium Americas Corp. (NYSE:LAC - Get Free Report) VP Alexi Illya Zawadzki sold 353,914 shares of Lithium Americas stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $9.48, for a total transaction of $3,355,104.72. Following the completion of the sale, the vice president owned 40,005 shares of the company's stock, valued at $379,247.40. This trade represents a 89.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Alexi Illya Zawadzki also recently made the following trade(s):

• On Wednesday, October 1st, Alexi Illya Zawadzki bought 20,000 shares of Lithium Americas stock. The stock was bought at an average price of $9.58 per share, with a total value of $191,600.00.

Lithium Americas Trading Up 31.3%

Lithium Americas stock traded up $2.15 during trading on Friday, hitting $9.01. The company had a trading volume of 189,598,214 shares, compared to its average volume of 12,084,847. Lithium Americas Corp. has a 1-year low of $2.31 and a 1-year high of $9.33. The company has a current ratio of 9.88, a quick ratio of 9.88 and a debt-to-equity ratio of 0.33. The company's 50 day simple moving average is $3.38 and its 200-day simple moving average is $3.01. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of -39.15 and a beta of 1.43.

Lithium Americas (NYSE:LAC - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). As a group, analysts expect that Lithium Americas Corp. will post -0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on LAC shares. Wedbush lifted their target price on shares of Lithium Americas from $5.00 to $8.00 and gave the company a "neutral" rating in a report on Wednesday. Cowen downgraded shares of Lithium Americas from a "buy" rating to a "hold" rating in a research note on Wednesday, September 24th. Weiss Ratings restated a "sell (e+)" rating on shares of Lithium Americas in a research note on Saturday, September 27th. Jefferies Financial Group dropped their price target on shares of Lithium Americas from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Wednesday, September 24th. Finally, Canaccord Genuity Group downgraded shares of Lithium Americas from a "speculative buy" rating to a "sell" rating in a research note on Thursday. Three analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $5.08.

Institutional Investors Weigh In On Lithium Americas

Institutional investors have recently modified their holdings of the company. Ping Capital Management Inc. purchased a new stake in shares of Lithium Americas during the 1st quarter worth $27,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in shares of Lithium Americas during the 1st quarter worth $27,000. Members Wealth LLC purchased a new stake in shares of Lithium Americas during the 1st quarter worth $27,000. Harbour Investments Inc. lifted its position in shares of Lithium Americas by 86.1% during the 2nd quarter. Harbour Investments Inc. now owns 9,900 shares of the company's stock worth $27,000 after purchasing an additional 4,580 shares during the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of Lithium Americas during the 2nd quarter worth $28,000.

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.

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