Harbour Investments Inc. Has $27,000 Stock Position in Lithium Americas Corp. $LAC

Harbour Investments Inc. boosted its position in shares of Lithium Americas Corp. (NYSE:LAC) by 86.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,900 shares of the company’s stock after purchasing an additional 4,580 shares during the period. Harbour Investments Inc.’s holdings in Lithium Americas were worth $27,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Goldman Sachs Group Inc. raised its holdings in Lithium Americas by 44.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,046,556 shares of the company’s stock valued at $2,836,000 after buying an additional 324,518 shares in the last quarter. Teamwork Financial Advisors LLC raised its holdings in Lithium Americas by 18.1% during the second quarter. Teamwork Financial Advisors LLC now owns 1,012,822 shares of the company’s stock valued at $2,714,000 after buying an additional 155,068 shares in the last quarter. HITE Hedge Asset Management LLC raised its holdings in Lithium Americas by 0.6% during the first quarter. HITE Hedge Asset Management LLC now owns 735,918 shares of the company’s stock valued at $1,994,000 after buying an additional 4,445 shares in the last quarter. Decade Renewable Partners LP raised its holdings in Lithium Americas by 51.7% during the first quarter. Decade Renewable Partners LP now owns 680,100 shares of the company’s stock valued at $1,843,000 after buying an additional 231,900 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Lithium Americas by 5.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 328,582 shares of the company’s stock valued at $874,000 after buying an additional 15,898 shares in the last quarter.

Insider Transactions at Lithium Americas

In related news, VP Alexi Illya Zawadzki sold 353,914 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $9.48, for a total transaction of $3,355,104.72. Following the transaction, the vice president directly owned 40,005 shares in the company, valued at $379,247.40. The trade was a 89.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.11% of the stock is owned by corporate insiders.

Lithium Americas Trading Up 3.8%

Lithium Americas stock opened at $6.73 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 9.88 and a current ratio of 9.88. The business’s 50-day simple moving average is $5.00 and its 200-day simple moving average is $3.56. The firm has a market capitalization of $1.66 billion, a PE ratio of -29.24 and a beta of 1.43. Lithium Americas Corp. has a 52 week low of $2.31 and a 52 week high of $10.52.

Lithium Americas (NYSE:LAC) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02). Equities research analysts forecast that Lithium Americas Corp. will post -0.12 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on LAC shares. Canaccord Genuity Group lowered Lithium Americas from a “speculative buy” rating to a “sell” rating in a report on Thursday, October 2nd. Cormark lowered Lithium Americas from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 2nd. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $5.00 price objective on shares of Lithium Americas in a research note on Thursday, October 16th. BMO Capital Markets lifted their price objective on Lithium Americas from $3.50 to $5.00 and gave the stock a “market perform” rating in a research note on Thursday, October 2nd. Finally, Wedbush lifted their price objective on Lithium Americas from $5.00 to $8.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 1st. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $5.30.

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.