Teamwork Financial Advisors LLC Purchases 143,373 Shares of Lithium Americas Corp. (NYSE:LAC)

Teamwork Financial Advisors LLC boosted its position in Lithium Americas Corp. (NYSE:LAC - Free Report) by 20.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 857,754 shares of the company's stock after buying an additional 143,373 shares during the quarter. Teamwork Financial Advisors LLC owned approximately 0.39% of Lithium Americas worth $2,325,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cacti Asset Management LLC bought a new position in Lithium Americas during the first quarter worth $27,000. Sage Investment Counsel LLC acquired a new stake in shares of Lithium Americas during the fourth quarter worth $30,000. Allworth Financial LP lifted its position 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 buying an additional 4,893 shares during the last quarter. Mariner LLC acquired a new position in shares of Lithium Americas in the 4th quarter valued at about $31,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Lithium Americas during the 4th quarter valued at about $34,000.

Lithium Americas Trading Down 0.2%

NYSE LAC traded down $0.01 during trading on Thursday, reaching $2.71. 3,194,218 shares of the company's stock were exchanged, compared to its average volume of 5,442,748. Lithium Americas Corp. has a fifty-two week low of $2.02 and a fifty-two week high of $5.20. The company's fifty day simple moving average is $2.80 and its 200-day simple moving average is $3.05. The firm has a market capitalization of $592.14 million, a PE ratio of -22.54 and a beta of 0.89.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wedbush reiterated a "neutral" rating and issued a $5.00 target price on shares of Lithium Americas in a research note on Friday, May 16th. National Bankshares cut shares of Lithium Americas from an "outperform" rating to a "sector perform" rating in a report on Friday, May 16th. Evercore ISI assumed coverage on Lithium Americas in a report on Thursday, April 17th. They set an "outperform" rating and a $4.50 target price on the stock. National Bank Financial lowered shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th. Finally, Scotiabank decreased their price target on shares of Lithium Americas from $3.00 to $2.75 and set a "sector perform" rating on the stock in a research report on Monday, March 31st. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Lithium Americas currently 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.