Tidal Investments LLC Sells 103,061 Shares of Lithium Americas Corp. (NYSE:LAC)

Tidal Investments LLC cut its position in shares of Lithium Americas Corp. (NYSE:LAC - Free Report) by 27.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 276,017 shares of the company's stock after selling 103,061 shares during the quarter. Tidal Investments LLC owned 0.13% of Lithium Americas worth $820,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP boosted its stake in shares of 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 buying an additional 4,893 shares during the last quarter. Sage Investment Counsel LLC bought a new stake in Lithium Americas during the fourth quarter worth about $30,000. Mariner LLC acquired a new position in Lithium Americas during the fourth quarter valued at approximately $31,000. Susquehanna Fundamental Investments LLC bought a new position in Lithium Americas in the fourth quarter valued at approximately $34,000. Finally, Axxcess Wealth Management LLC bought a new position in Lithium Americas in the fourth quarter valued at approximately $37,000.

Lithium Americas Stock Down 2.0%

Shares of LAC traded down $0.06 during trading hours on Friday, hitting $2.70. 3,247,671 shares of the company were exchanged, compared to its average volume of 5,453,131. The company has a market cap of $589.95 million, a price-to-earnings ratio of -22.46 and a beta of 0.89. The firm's fifty day moving average is $2.81 and its 200 day moving average is $3.08. Lithium Americas Corp. has a fifty-two week low of $2.02 and a fifty-two week high of $5.20.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. National Bank Financial downgraded Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. Evercore ISI assumed coverage on Lithium Americas in a research note on Thursday, April 17th. They issued an "outperform" rating and a $4.50 price objective on the stock. Wedbush reissued a "neutral" rating and issued a $5.00 price objective on shares of Lithium Americas in a research report on Friday, May 16th. 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 note on Monday, March 31st. Finally, National Bankshares downgraded shares of Lithium Americas from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 16th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently 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.