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

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

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP grew its holdings 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 acquiring an additional 4,893 shares during the period. Sage Investment Counsel LLC bought a new position in Lithium Americas during the 4th quarter valued at approximately $30,000. Mariner LLC purchased a new position in Lithium Americas during the fourth quarter valued at $31,000. Susquehanna Fundamental Investments LLC bought a new stake in Lithium Americas in the fourth quarter worth $34,000. Finally, Axxcess Wealth Management LLC bought a new stake in Lithium Americas in the fourth quarter worth $37,000.

Lithium Americas Stock Performance

Shares of LAC stock traded down $0.07 during trading hours on Friday, reaching $2.68. The company had a trading volume of 4,302,505 shares, compared to its average volume of 5,466,080. The business has a fifty day moving average price of $2.80 and a 200-day moving average price of $3.07. Lithium Americas Corp. has a one year low of $2.02 and a one year high of $5.20. The firm has a market cap of $586.67 million, a PE ratio of -22.33 and a beta of 0.89.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wedbush restated a "neutral" rating and set a $5.00 price target on shares of Lithium Americas in a report on Friday, May 16th. 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 research note on Monday, March 31st. National Bankshares cut shares of Lithium Americas from an "outperform" rating to a "sector perform" rating in a report on Friday, May 16th. National Bank Financial cut shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a report on Friday, May 16th. Finally, Evercore ISI began coverage on shares of Lithium Americas in a report on Thursday, April 17th. They issued an "outperform" rating and a $4.50 target price for the company. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average 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.