Lithium Americas Corp. (NYSE:LAC) Shares Sold by Alyeska Investment Group L.P.

Alyeska Investment Group L.P. lessened its stake in shares of Lithium Americas Corp. (NYSE:LAC - Free Report) by 50.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 400,000 shares of the company's stock after selling 400,000 shares during the period. Alyeska Investment Group L.P. owned 0.18% of Lithium Americas worth $1,188,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Allworth Financial LP raised its holdings in shares of Lithium Americas by 99.4% during the 4th quarter. Allworth Financial LP now owns 9,814 shares of the company's stock worth $31,000 after acquiring an additional 4,893 shares in the last quarter. Sage Investment Counsel LLC bought a new position in Lithium Americas during the fourth quarter valued at $30,000. Mariner LLC purchased a new position in shares of Lithium Americas in the 4th quarter worth $31,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of Lithium Americas in the 4th quarter worth about $34,000. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Lithium Americas during the 4th quarter valued at about $37,000.

Lithium Americas Stock Down 0.2%

Shares of NYSE LAC traded down $0.01 during midday trading on Monday, hitting $3.16. The stock had a trading volume of 1,973,405 shares, compared to its average volume of 4,449,912. Lithium Americas Corp. has a 1 year low of $2.02 and a 1 year high of $5.20. The stock has a 50 day simple moving average of $2.83 and a 200-day simple moving average of $3.19. The company has a market capitalization of $689.95 million, a PE ratio of -26.29 and a beta of 0.89.

Lithium Americas (NYSE:LAC - Get Free Report) last released its quarterly earnings data on Friday, March 28th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.09). As a group, analysts expect that Lithium Americas Corp. will post -0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LAC. Evercore ISI began coverage on Lithium Americas in a research note on Thursday, April 17th. They issued an "outperform" rating and a $4.50 price objective for the company. National Bankshares reaffirmed an "outperform" rating on shares of Lithium Americas in a research note on Wednesday, April 2nd. Scotiabank dropped their target price on Lithium Americas from $3.00 to $2.75 and set a "sector perform" rating for the company in a research report on Monday, March 31st. Finally, Cormark raised Lithium Americas to a "moderate buy" rating in a research note on Friday, January 17th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.75.

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.