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

Teamwork Financial Advisors LLC raised its stake in Lithium Americas Corp. (NYSE:LAC - Free Report) by 20.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 857,754 shares of the company's stock after purchasing an additional 143,373 shares during the period. Teamwork Financial Advisors LLC owned 0.39% of Lithium Americas worth $2,325,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LAC. Cacti Asset Management LLC acquired a new position in shares of Lithium Americas during the first quarter valued at about $27,000. Mackenzie Financial Corp grew its holdings in shares of Lithium Americas by 3.9% during the fourth quarter. Mackenzie Financial Corp now owns 87,701 shares of the company's stock valued at $262,000 after buying an additional 3,310 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Lithium Americas by 44.1% during the fourth quarter. Toronto Dominion Bank now owns 27,679 shares of the company's stock valued at $82,000 after buying an additional 8,466 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Lithium Americas by 8.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,254,848 shares of the company's stock valued at $9,732,000 after buying an additional 240,418 shares during the last quarter. Finally, Gotham Asset Management LLC acquired a new position in shares of Lithium Americas during the fourth quarter valued at about $76,000.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Scotiabank reduced 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 report on Monday, March 31st. Wedbush restated a "neutral" rating and set a $5.00 price target on shares of Lithium Americas in a report on Friday, May 16th. Evercore ISI started coverage on shares of Lithium Americas in a report on Thursday, April 17th. They set an "outperform" rating and a $4.50 price target on the stock. National Bankshares cut shares of Lithium Americas from an "outperform" rating to a "sector perform" rating in a report on Friday, May 16th. Finally, National Bank Financial cut shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. 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.com, the stock currently has a consensus rating of "Hold" and an average target price of $3.88.

Lithium Americas Stock Performance

LAC stock remained flat at $2.70 during mid-day trading on Friday. 2,598,181 shares of the company's stock traded hands, compared to its average volume of 5,439,120. The stock has a market cap of $591.04 million, a price-to-earnings ratio of -22.50 and a beta of 0.89. Lithium Americas Corp. has a twelve month low of $2.02 and a twelve month high of $5.20. The firm's 50 day moving average is $2.79 and its two-hundred day moving average is $3.03.

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

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.