Virtu Financial LLC Invests $256,000 in Lithium Americas Corp. (NYSE:LAC)

Virtu Financial LLC acquired a new stake in Lithium Americas Corp. (NYSE:LAC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 86,360 shares of the company’s stock, valued at approximately $256,000.

Several other hedge funds have also added to or reduced their stakes in LAC. National Bank of Canada FI increased its position in Lithium Americas by 13.2% in the 3rd quarter. National Bank of Canada FI now owns 37,129 shares of the company’s stock valued at $100,000 after acquiring an additional 4,340 shares during the period. Allworth Financial LP increased its stake in shares of Lithium Americas by 99.4% in the fourth quarter. Allworth Financial LP now owns 9,814 shares of the company’s stock valued at $31,000 after buying an additional 4,893 shares during the period. Perigon Wealth Management LLC raised its position in shares of Lithium Americas by 46.2% during the fourth quarter. Perigon Wealth Management LLC now owns 15,824 shares of the company’s stock worth $47,000 after acquiring an additional 5,000 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Lithium Americas by 13.4% in the third quarter. HighTower Advisors LLC now owns 50,473 shares of the company’s stock worth $138,000 after acquiring an additional 5,952 shares during the period. Finally, Balboa Wealth Partners boosted its holdings in Lithium Americas by 15.9% in the fourth quarter. Balboa Wealth Partners now owns 51,118 shares of the company’s stock valued at $152,000 after acquiring an additional 7,000 shares during the last quarter.

Lithium Americas Stock Down 5.4 %

NYSE LAC opened at $2.72 on Friday. The company has a market cap of $599.16 million, a price-to-earnings ratio of -22.63 and a beta of 1.77. The business has a 50 day moving average price of $2.96 and a 200-day moving average price of $3.17. Lithium Americas Corp. has a 52 week low of $2.02 and a 52 week high of $7.71.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Wedbush began coverage on shares of Lithium Americas in a research report on Thursday, December 19th. They issued a “neutral” rating and a $5.00 price target on the stock. Cormark upgraded shares of Lithium Americas to a “moderate buy” rating in a report on Friday, January 17th. Finally, Piper Sandler decreased their price target on Lithium Americas from $3.90 to $3.50 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Lithium Americas presently has a consensus rating of “Hold” and a consensus price target of $4.80.

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.