Lithium Americas Corp. (NYSE:LAC) Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Posted by on Mar 1st, 2023

Healthcare of Ontario Pension Plan Trust Fund lessened its position in shares of Lithium Americas Corp. (NYSE:LAC – Get Rating) by 42.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,138 shares of the company’s stock after selling 14,692 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Lithium Americas were worth $528,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Castle Wealth Management LLC grew its position in Lithium Americas by 100.0% during the third quarter. Castle Wealth Management LLC now owns 1,000 shares of the company’s stock valued at $26,000 after buying an additional 500 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Lithium Americas by 725.0% in the first quarter. PNC Financial Services Group Inc. now owns 825 shares of the company’s stock valued at $32,000 after purchasing an additional 725 shares during the period. Steward Partners Investment Advisory LLC grew its position in shares of Lithium Americas by 54.3% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,648 shares of the company’s stock valued at $33,000 after purchasing an additional 580 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Lithium Americas in the first quarter valued at about $42,000. Finally, Advisors Asset Management Inc. grew its position in shares of Lithium Americas by 2,308.3% in the third quarter. Advisors Asset Management Inc. now owns 1,734 shares of the company’s stock valued at $45,000 after purchasing an additional 1,662 shares during the period. Institutional investors and hedge funds own 21.88% of the company’s stock.

Lithium Americas Price Performance

Shares of LAC stock opened at $23.59 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 52.06 and a quick ratio of 52.06. The firm’s 50-day moving average is $21.90 and its two-hundred day moving average is $24.84. Lithium Americas Corp. has a 12 month low of $17.58 and a 12 month high of $40.39. The company has a market capitalization of $3.19 billion, a PE ratio of -33.70 and a beta of 1.52.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on LAC shares. National Bank Financial dropped their target price on shares of Lithium Americas from $42.50 to $38.50 in a research report on Monday, January 16th. B. Riley lifted their target price on shares of Lithium Americas from $39.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, February 8th. National Bankshares lifted their target price on shares of Lithium Americas from $38.50 to $42.50 and gave the company an “outperform” rating in a research report on Wednesday, February 8th. Piper Sandler decreased their price target on shares of Lithium Americas from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Thursday, December 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Lithium Americas from $34.00 to $30.00 in a research note on Tuesday, January 10th. Six investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $39.00.

Lithium Americas Company Profile

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Lithium Americas Corp. is a resource company, which engages in lithium development projects. Its projects include: Thacker Pass and Caucharí-Olaroz. The company was founded by Raymond Edward Flood, Jr. on November 27, 2007 and is headquartered in Vancouver, Canada.

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Institutional Ownership by Quarter for Lithium Americas (NYSE:LAC)

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