Lithium Americas Corp. (NYSE:LAC) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lowered its position in shares of Lithium Americas Corp. (NYSE:LAC - Free Report) by 80.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 78,178 shares of the company's stock after selling 329,317 shares during the quarter. Cubist Systematic Strategies LLC's holdings in Lithium Americas were worth $234,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Sage Investment Counsel LLC acquired a new position in shares of Lithium Americas during the 4th quarter worth $30,000. Allworth Financial LP grew its stake 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 purchasing an additional 4,893 shares during the period. Mariner LLC acquired a new position in shares of Lithium Americas during the 4th quarter worth $31,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Lithium Americas during the 4th quarter worth $34,000. Finally, Axxcess Wealth Management LLC acquired a new position in shares of Lithium Americas during the 4th quarter worth $37,000.

Lithium Americas Stock Up 0.4%

Shares of LAC stock traded up $0.01 during trading hours on Friday, hitting $2.84. 4,713,465 shares of the company were exchanged, compared to its average volume of 5,498,327. The firm has a market cap of $621.07 million, a PE ratio of -23.67 and a beta of 0.89. Lithium Americas Corp. has a 1 year low of $2.02 and a 1 year high of $5.20. The firm has a fifty day moving average of $2.83 and a 200 day moving average of $3.12.

Lithium Americas (NYSE:LAC - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01). Analysts expect that Lithium Americas Corp. will post -0.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LAC. National Bank Financial cut shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th. Scotiabank lowered their price objective on shares of Lithium Americas from $3.00 to $2.75 and set a "sector perform" rating on the stock in a research note on Monday, March 31st. Evercore ISI assumed coverage on shares of Lithium Americas in a report on Thursday, April 17th. They issued an "outperform" rating and a $4.50 target price on the stock. National Bankshares lowered shares of Lithium Americas from an "outperform" rating to a "sector perform" rating in a report on Friday, May 16th. Finally, Wedbush restated a "neutral" rating and issued a $5.00 target price on shares of Lithium Americas in a report on Friday, May 16th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $3.88.

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.