Decade Renewable Partners LP Acquires Shares of 448,200 Lithium Americas Corp. (NYSE:LAC)

Decade Renewable Partners LP acquired a new stake in Lithium Americas Corp. (NYSE:LAC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 448,200 shares of the company's stock, valued at approximately $1,331,000. Lithium Americas makes up 0.7% of Decade Renewable Partners LP's investment portfolio, making the stock its 28th largest holding. Decade Renewable Partners LP owned approximately 0.20% of Lithium Americas at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Sage Investment Counsel LLC acquired a new position in Lithium Americas during the 4th quarter worth approximately $30,000. Allworth Financial LP grew its stake in shares of Lithium Americas by 99.4% during the fourth quarter. Allworth Financial LP now owns 9,814 shares of the company's stock worth $31,000 after purchasing an additional 4,893 shares in the last quarter. Mariner LLC acquired a new position in shares of Lithium Americas during the fourth quarter worth $31,000. Susquehanna Fundamental Investments LLC purchased a new position in Lithium Americas in the fourth quarter valued at $34,000. Finally, Axxcess Wealth Management LLC purchased a new stake in Lithium Americas during the 4th quarter worth about $37,000.

Wall Street Analyst Weigh In

A number of research firms have recently commented on LAC. Cormark upgraded Lithium Americas to a "moderate buy" rating in a report on Friday, January 17th. National Bankshares reissued an "outperform" rating on shares of Lithium Americas in a report on Wednesday, April 2nd. Scotiabank lowered their target price on shares of Lithium Americas from $3.00 to $2.75 and set a "sector perform" rating for the company in a report on Monday, March 31st. Piper Sandler cut their price target on shares of Lithium Americas from $3.90 to $3.50 and set a "neutral" rating on the stock in a research note on Tuesday, January 7th. Finally, Evercore ISI began coverage on shares of Lithium Americas in a research note on Thursday, April 17th. They issued an "outperform" rating and a $4.50 price objective for the company. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Lithium Americas presently has a consensus rating of "Moderate Buy" and an average target price of $4.75.

Lithium Americas Stock Up 0.7 %

LAC stock traded up $0.02 during trading on Friday, hitting $2.93. The company had a trading volume of 2,490,481 shares, compared to its average volume of 5,529,571. Lithium Americas Corp. has a 1-year low of $2.02 and a 1-year high of $5.20. The firm has a 50-day moving average price of $2.79 and a 200-day moving average price of $3.20. The firm has a market cap of $640.10 million, a PE ratio of -24.42 and a beta of 1.01.

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

Lithium Americas 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.