UMB Bank n.a. Takes $373,000 Position in Lithium Americas Corp. (NYSE:LAC)

UMB Bank n.a. bought a new stake in shares of Lithium Americas Corp. (NYSE:LAC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 137,544 shares of the company's stock, valued at approximately $373,000. UMB Bank n.a. owned approximately 0.06% of Lithium Americas at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Mackenzie Financial Corp boosted its holdings in shares of Lithium Americas by 3.9% during the 4th 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 in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Lithium Americas by 4.4% during the 4th quarter. Ameriprise Financial Inc. now owns 104,207 shares of the company's stock valued at $309,000 after buying an additional 4,379 shares in the last quarter. Allworth Financial LP boosted 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 valued at $31,000 after buying an additional 4,893 shares in the last quarter. Balboa Wealth Partners boosted its holdings in shares of Lithium Americas by 15.9% during the 4th quarter. Balboa Wealth Partners now owns 51,118 shares of the company's stock valued at $152,000 after buying an additional 7,000 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Lithium Americas by 44.1% during the 4th 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 in the last quarter.

Lithium Americas Stock Up 1.0%

LAC traded up $0.03 during midday trading on Friday, hitting $2.66. 3,745,700 shares of the company traded hands, compared to its average volume of 5,450,453. The firm has a market capitalization of $581.19 million, a PE ratio of -22.13 and a beta of 0.67. The company's 50-day moving average is $2.81 and its 200 day moving average is $2.99. Lithium Americas Corp. has a 52 week low of $2.02 and a 52 week high of $5.20.

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

Wall Street Analysts Forecast Growth

LAC has been the topic of a number of research reports. 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 shares of Lithium Americas in a research report on Thursday, April 17th. They set an "outperform" rating and a $4.50 price objective on the stock. National Bank Financial downgraded shares of Lithium Americas from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 16th. Scotiabank reduced their price target on shares of Lithium Americas from $3.00 to $2.75 and set a "sector perform" rating for the company in a research report on Monday, March 31st. Finally, Wedbush restated a "neutral" rating and issued a $5.00 price objective on shares of Lithium Americas in a report on Friday, May 16th. 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, the stock has an average 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.