Two Sigma Investments LP Has $656,000 Stock Holdings in Lithium Americas Corp. (NYSE:LAC)

Two Sigma Investments LP trimmed its stake in shares of Lithium Americas Corp. (NYSE:LAC - Free Report) by 50.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 220,851 shares of the company's stock after selling 227,451 shares during the quarter. Two Sigma Investments LP owned 0.10% of Lithium Americas worth $656,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in LAC. Quotient Wealth Partners LLC acquired a new stake in Lithium Americas during the fourth quarter valued at approximately $49,000. Allworth Financial LP boosted its holdings in shares of Lithium Americas by 99.4% in 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. Alberta Investment Management Corp acquired a new position in shares of Lithium Americas in the 4th quarter worth approximately $686,000. Sage Investment Counsel LLC acquired a new position in shares of Lithium Americas in the 4th quarter worth approximately $30,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Lithium Americas by 29.5% in the 4th quarter. Jones Financial Companies Lllp now owns 87,350 shares of the company's stock worth $259,000 after acquiring an additional 19,908 shares in the last quarter.

Wall Street Analyst Weigh In

LAC has been the topic of several recent analyst reports. Wedbush reissued a "neutral" rating and issued a $5.00 target price on shares of Lithium Americas in a report on Friday, May 16th. National Bank Financial cut shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 16th. National Bankshares cut shares of Lithium Americas from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 16th. Scotiabank dropped their price objective on shares of 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, Evercore ISI started coverage on shares of Lithium Americas in a research report on Thursday, April 17th. They issued an "outperform" rating and a $4.50 price objective for the company. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $3.88.

Lithium Americas Price Performance

Shares of Lithium Americas stock traded up $0.01 on Wednesday, hitting $2.77. 6,092,384 shares of the company's stock traded hands, compared to its average volume of 5,446,156. The firm's 50-day moving average price is $2.80 and its two-hundred day moving average price is $3.01. The stock has a market capitalization of $606.37 million, a PE ratio of -23.08 and a beta of 0.67. Lithium Americas Corp. has a one year low of $2.02 and a one year high of $5.20.

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