Aquila Investment Management LLC Increases Holdings in Lithium Americas Corp. (NYSE:LAC)

Aquila Investment Management LLC raised its holdings in Lithium Americas Corp. (NYSE:LAC - Free Report) by 163.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 316,000 shares of the company's stock after acquiring an additional 196,000 shares during the quarter. Lithium Americas makes up 1.7% of Aquila Investment Management LLC's holdings, making the stock its 17th largest holding. Aquila Investment Management LLC owned about 0.20% of Lithium Americas worth $2,022,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in Lithium Americas by 725.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 825 shares of the company's stock valued at $32,000 after acquiring an additional 725 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Lithium Americas in the 1st quarter valued at $42,000. Captrust Financial Advisors grew its position in shares of Lithium Americas by 224.9% during the 1st quarter. Captrust Financial Advisors now owns 1,212 shares of the company's stock worth $47,000 after buying an additional 839 shares in the last quarter. CWM LLC grew its position in shares of Lithium Americas by 140.6% during the 3rd quarter. CWM LLC now owns 2,327 shares of the company's stock worth $40,000 after buying an additional 1,360 shares in the last quarter. Finally, Money Concepts Capital Corp grew its position in shares of Lithium Americas by 24,570.0% during the 4th quarter. Money Concepts Capital Corp now owns 2,467 shares of the company's stock worth $47,000 after buying an additional 2,457 shares in the last quarter.

Lithium Americas Trading Down 3.5 %

Shares of NYSE LAC traded down $0.26 during mid-day trading on Friday, reaching $7.08. 3,309,709 shares of the company were exchanged, compared to its average volume of 4,212,990. Lithium Americas Corp. has a 1 year low of $3.81 and a 1 year high of $12.38. The firm has a 50-day moving average of $5.59 and a 200 day moving average of $6.61.

Lithium Americas (NYSE:LAC - Get Free Report) last issued its quarterly earnings data on Friday, March 15th. The company reported ($0.08) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.08). Equities research analysts expect that Lithium Americas Corp. will post -0.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LAC shares. JPMorgan Chase & Co. increased their price target on Lithium Americas from $5.50 to $7.00 and gave the stock a "neutral" rating in a research report on Monday, March 18th. Evercore ISI dropped their price target on Lithium Americas from $13.00 to $9.00 and set an "outperform" rating on the stock in a research report on Friday, March 15th. Finally, Scotiabank downgraded Lithium Americas from a "sector outperform" rating to a "sector perform" rating and dropped their price target for the stock from $15.00 to $7.00 in a research report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $14.94.

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.