Parametrica Management Ltd Purchases New Shares in Lithium Americas Corp. (NYSE:LAC)

Parametrica Management Ltd purchased a new stake in Lithium Americas Corp. (NYSE:LAC) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 10,555 shares of the company’s stock, valued at approximately $68,000. Lithium Americas comprises approximately 0.1% of Parametrica Management Ltd’s portfolio, making the stock its 28th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. grew its stake in Lithium Americas by 24.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,345,908 shares of the company’s stock worth $15,122,000 after buying an additional 461,635 shares in the last quarter. Panview Asian Equity Master Fund acquired a new stake in Lithium Americas during the fourth quarter worth about $1,911,000. Aquila Investment Management LLC grew its stake in Lithium Americas by 163.3% during the fourth quarter. Aquila Investment Management LLC now owns 316,000 shares of the company’s stock worth $2,022,000 after buying an additional 196,000 shares in the last quarter. LPL Financial LLC grew its stake in Lithium Americas by 82.6% during the third quarter. LPL Financial LLC now owns 223,701 shares of the company’s stock worth $3,805,000 after buying an additional 101,174 shares in the last quarter. Finally, CenterBook Partners LP grew its stake in Lithium Americas by 15.2% during the third quarter. CenterBook Partners LP now owns 503,361 shares of the company’s stock worth $8,562,000 after buying an additional 66,421 shares in the last quarter.

Lithium Americas Stock Up 4.5 %

NYSE LAC traded up $0.20 during trading hours on Friday, reaching $4.62. The company’s stock had a trading volume of 5,356,235 shares, compared to its average volume of 5,398,631. The firm has a fifty day simple moving average of $5.78 and a 200-day simple moving average of $6.11. Lithium Americas Corp. has a 52 week low of $3.81 and a 52 week high of $12.38.

Lithium Americas (NYSE:LAC) last released its quarterly earnings results on Friday, March 15th. The company reported ($0.08) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.08). On average, research analysts forecast that Lithium Americas Corp. will post -0.14 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LAC shares. HSBC reduced their price objective on shares of Lithium Americas from $6.50 to $5.10 and set a “hold” rating on the stock in a research note on Friday, April 19th. Scotiabank downgraded shares of Lithium Americas from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $15.00 to $7.00 in a research note on Monday, March 18th. Evercore ISI reduced their price target on shares of Lithium Americas from $13.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, March 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Lithium Americas from $5.50 to $7.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $12.18.

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.