Wolverine Asset Management LLC Has $724,000 Stake in Lithium Americas Corp. (NYSE:LAC)

Wolverine Asset Management LLC reduced its position in Lithium Americas Corp. (NYSE:LAC - Free Report) by 99.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,122 shares of the company's stock after selling 52,249,878 shares during the period. Wolverine Asset Management LLC owned about 0.07% of Lithium Americas worth $724,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of LAC. CWM LLC boosted its stake 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 acquiring an additional 1,360 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Lithium Americas by 1.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 336,658 shares of the company's stock valued at $5,727,000 after purchasing an additional 3,909 shares during the period. Aquila Investment Management LLC boosted its stake in Lithium Americas by 11.1% during the 3rd quarter. Aquila Investment Management LLC now owns 120,000 shares of the company's stock valued at $2,041,000 after purchasing an additional 12,000 shares during the period. Balboa Wealth Partners boosted its stake in Lithium Americas by 6.6% during the 3rd quarter. Balboa Wealth Partners now owns 44,673 shares of the company's stock valued at $760,000 after purchasing an additional 2,785 shares during the period. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in Lithium Americas by 28.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 203,969 shares of the company's stock valued at $3,470,000 after purchasing an additional 45,155 shares during the period.

Analyst Ratings Changes

Several analysts recently weighed in on LAC shares. HSBC decreased their target price on Lithium Americas from $6.50 to $5.10 and set a "hold" rating for the company in a research note on Friday, April 19th. Scotiabank cut Lithium Americas from a "sector outperform" rating to a "sector perform" rating and cut their price target for the company from $15.00 to $7.00 in a report on Monday, March 18th. Evercore ISI cut their price target on Lithium Americas from $13.00 to $9.00 and set an "outperform" rating for the company in a report on Friday, March 15th. Finally, JPMorgan Chase & Co. upped their price target on Lithium Americas from $5.50 to $7.00 and gave the company a "neutral" rating in a report on Monday, March 18th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $12.18.

Lithium Americas Trading Up 4.5 %

Shares of LAC traded up $0.20 during mid-day trading on Friday, reaching $4.62. The company had a trading volume of 5,356,235 shares, compared to its average volume of 5,398,631. Lithium Americas Corp. has a twelve month low of $3.81 and a twelve month high of $12.38. The company's 50-day moving average is $5.78 and its 200-day moving average is $6.08.

Lithium Americas (NYSE:LAC - Get Free Report) last issued its earnings results on Friday, March 15th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.08). On average, sell-side analysts predict that Lithium Americas Corp. will post -0.14 EPS for the current fiscal 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.