Independent Wealth Network Inc. Buys 123,993 Shares of Lithium Americas Corp. (NYSE:LAC)

Independent Wealth Network Inc. grew its holdings in Lithium Americas Corp. (NYSE:LAC) by 133.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 216,973 shares of the company’s stock after purchasing an additional 123,993 shares during the period. Independent Wealth Network Inc. owned approximately 0.10% of Lithium Americas worth $644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC purchased a new position in Lithium Americas during the second quarter valued at approximately $520,000. Marshall Wace LLP purchased a new position in Lithium Americas during the second quarter valued at approximately $10,252,000. Merewether Investment Management LP purchased a new position in Lithium Americas during the second quarter valued at approximately $858,000. Point72 Asset Management L.P. grew its stake in Lithium Americas by 580.1% during the second quarter. Point72 Asset Management L.P. now owns 1,857,193 shares of the company’s stock valued at $4,977,000 after acquiring an additional 1,584,123 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Lithium Americas by 21.6% during the third quarter. Geode Capital Management LLC now owns 103,275 shares of the company’s stock valued at $279,000 after acquiring an additional 18,321 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. BMO Capital Markets raised shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Wedbush began coverage on shares of Lithium Americas in a research note on Thursday, December 19th. They issued a “neutral” rating and a $5.00 price objective for the company. B. Riley upped their price objective on shares of Lithium Americas from $4.50 to $5.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. National Bank Financial upgraded shares of Lithium Americas from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 17th. Finally, Scotiabank decreased their price objective on shares of Lithium Americas from $3.00 to $2.50 and set a “sector perform” rating for the company in a report on Friday, October 18th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $5.51.

Lithium Americas Trading Down 3.0 %

Shares of NYSE:LAC opened at $3.10 on Thursday. Lithium Americas Corp. has a twelve month low of $2.02 and a twelve month high of $7.71. The firm’s 50 day moving average price is $3.45 and its 200-day moving average price is $3.05.

Lithium Americas 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.