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

Lithium Americas logo with Basic Materials background

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.

View Our Latest Stock Report on Lithium Americas

Lithium Americas Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Lithium Americas (NYSE:LAC)

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