Millennium Management LLC Has $300,000 Stock Position in Lithium Americas Corp. (NYSE:LAC)

Millennium Management LLC decreased its position in Lithium Americas Corp. (NYSE:LAC - Free Report) by 91.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 101,095 shares of the company's stock after selling 1,109,343 shares during the quarter. Millennium Management LLC's holdings in Lithium Americas were worth $300,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in LAC. Quotient Wealth Partners LLC bought a new stake in shares of Lithium Americas in the 4th quarter worth about $49,000. Allworth Financial LP grew its holdings in 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 during the last quarter. Alberta Investment Management Corp bought a new stake in Lithium Americas during the 4th quarter worth about $686,000. Sage Investment Counsel LLC bought a new stake in Lithium Americas during the 4th quarter worth about $30,000. Finally, Jones Financial Companies Lllp grew its holdings in Lithium Americas by 29.5% during 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 during the last quarter.

Lithium Americas Trading Down 4.3%

Shares of NYSE:LAC traded down $0.12 during mid-day trading on Thursday, reaching $2.64. The stock had a trading volume of 5,034,406 shares, compared to its average volume of 5,448,102. The firm has a market cap of $577.91 million, a PE ratio of -22.00 and a beta of 0.67. The firm has a 50 day simple moving average of $2.80 and a two-hundred day simple moving average of $3.01. Lithium Americas Corp. has a twelve month low of $2.02 and a twelve month 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 for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.01). On average, equities analysts anticipate that Lithium Americas Corp. will post -0.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

LAC has been the topic of a number of research analyst reports. National Bank Financial lowered shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. Scotiabank decreased 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 report on Monday, March 31st. Wedbush reissued a "neutral" rating and set a $5.00 price objective on shares of Lithium Americas in a report on Friday, May 16th. National Bankshares lowered shares of Lithium Americas from an "outperform" rating to a "sector perform" rating in a report on Friday, May 16th. Finally, Evercore ISI initiated coverage on shares of Lithium Americas in a report on Thursday, April 17th. They set an "outperform" rating and a $4.50 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price 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.