Lithium Americas Corp. (NYSE:LAC) Position Boosted by Koss Olinger Consulting LLC

Key Points

• Koss Olinger Consulting LLC increased its stake in Lithium Americas Corp. by 67.1%, acquiring an additional 124,970 shares, bringing its total ownership to 311,209 shares worth $843,000.
• Lithium Americas stock price rose by 2.2%, with the current trading price at $2.79, as the company has experienced fluctuations with a twelve-month low of $2.11 and a high of $5.20.
• Analysts have mixed ratings for Lithium Americas, with a consensus rating of "Hold" and a price target of $3.88, while some firms have recently downgraded their ratings on the stock.

Koss Olinger Consulting LLC grew its holdings in shares of Lithium Americas Corp. (NYSE:LAC - Free Report) by 67.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 311,209 shares of the company's stock after buying an additional 124,970 shares during the quarter. Koss Olinger Consulting LLC owned 0.14% of Lithium Americas worth $843,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Mackenzie Financial Corp boosted its stake in shares of Lithium Americas by 3.9% in the fourth quarter. Mackenzie Financial Corp now owns 87,701 shares of the company's stock valued at $262,000 after purchasing an additional 3,310 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Lithium Americas by 4.4% in the fourth quarter. Ameriprise Financial Inc. now owns 104,207 shares of the company's stock valued at $309,000 after purchasing an additional 4,379 shares during the period. Toronto Dominion Bank boosted its stake in shares of Lithium Americas by 44.1% in the fourth quarter. Toronto Dominion Bank now owns 27,679 shares of the company's stock valued at $82,000 after purchasing an additional 8,466 shares during the period. CoreCap Advisors LLC boosted its stake in shares of Lithium Americas by 134.7% in the fourth quarter. CoreCap Advisors LLC now owns 15,288 shares of the company's stock valued at $45,000 after purchasing an additional 8,773 shares during the period. Finally, Cacti Asset Management LLC purchased a new position in shares of Lithium Americas in the first quarter valued at $27,000.

Lithium Americas Stock Performance

Shares of Lithium Americas stock traded down $0.13 during trading on Tuesday, hitting $2.93. 860,196 shares of the stock were exchanged, compared to its average volume of 5,478,076. The stock's fifty day moving average is $2.78 and its 200 day moving average is $2.83. The stock has a market cap of $640.28 million, a PE ratio of -18.28 and a beta of 0.68. The company has a debt-to-equity ratio of 0.02, a quick ratio of 10.35 and a current ratio of 10.35. Lithium Americas Corp. has a 12 month low of $2.11 and a 12 month high of $5.20.

Lithium Americas (NYSE:LAC - Get Free Report) last announced its earnings results on Thursday, May 15th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). As a group, sell-side analysts anticipate that Lithium Americas Corp. will post -0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LAC shares. National Bankshares downgraded shares of Lithium Americas from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 16th. National Bank Financial cut shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. Evercore ISI started coverage on shares of Lithium Americas in a report on Thursday, April 17th. They issued an "outperform" rating and a $4.50 price target on the stock. Finally, Wedbush reaffirmed a "neutral" rating and issued a $5.00 price target on shares of Lithium Americas in a report on Friday, May 16th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $3.88.

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.