Quinn Opportunity Partners LLC Has $2.41 Million Position in Lithium Americas Corp. (NYSE:LAC)

Quinn Opportunity Partners LLC lifted its holdings in Lithium Americas Corp. (NYSE:LAC) by 1,132.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 811,632 shares of the company’s stock after purchasing an additional 745,777 shares during the period. Quinn Opportunity Partners LLC’s holdings in Lithium Americas were worth $2,411,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. HighTower Advisors LLC increased its position in Lithium Americas by 13.4% in the 3rd quarter. HighTower Advisors LLC now owns 50,473 shares of the company’s stock worth $138,000 after buying an additional 5,952 shares during the period. National Bank of Canada FI raised its stake in Lithium Americas by 13.2% during the 3rd quarter. National Bank of Canada FI now owns 37,129 shares of the company’s stock valued at $100,000 after purchasing an additional 4,340 shares during the last quarter. XTX Topco Ltd bought a new stake in Lithium Americas in the 3rd quarter valued at $133,000. Public Employees Retirement System of Ohio acquired a new stake in Lithium Americas in the 3rd quarter worth $161,000. Finally, Barclays PLC increased its holdings in shares of Lithium Americas by 50.7% during the 3rd quarter. Barclays PLC now owns 115,208 shares of the company’s stock worth $311,000 after purchasing an additional 38,781 shares during the period.

Lithium Americas Stock Down 7.2 %

NYSE:LAC opened at $2.53 on Friday. The firm has a market cap of $557.23 million, a PE ratio of -21.04 and a beta of 1.01. Lithium Americas Corp. has a 12 month low of $2.02 and a 12 month high of $7.71. The company’s 50-day moving average price is $2.86 and its two-hundred day moving average price is $3.19.

Lithium Americas (NYSE:LAC) last announced its earnings results on Friday, March 28th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.09). On average, research analysts expect that Lithium Americas Corp. will post -0.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Cormark upgraded shares of Lithium Americas to a “moderate buy” rating in a research note on Friday, January 17th. Piper Sandler decreased their price objective on Lithium Americas from $3.90 to $3.50 and set a “neutral” rating on the stock in a report on Tuesday, January 7th. Wedbush initiated coverage on Lithium Americas in a research note on Thursday, December 19th. They issued a “neutral” rating and a $5.00 target price for the company. Scotiabank decreased their price target on shares of Lithium Americas from $3.00 to $2.75 and set a “sector perform” rating on the stock in a research note on Monday, March 31st. Finally, National Bankshares restated an “outperform” rating on shares of Lithium Americas in a research note on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $4.84.

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.