Aubree Barnum Sells 4,763 Shares of Lithium Americas (NYSE:LAC) Stock

Lithium Americas Corp. (NYSE:LAC) VP Aubree Barnum sold 4,763 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $4.50, for a total value of $21,433.50. Following the completion of the sale, the vice president owned 66,373 shares in the company, valued at $298,678.50. The trade was a 6.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Lithium Americas Stock Up 4.7%

NYSE:LAC traded up $0.23 during trading hours on Tuesday, reaching $5.00. 16,147,712 shares of the company traded hands, compared to its average volume of 16,241,677. The company has a current ratio of 9.88, a quick ratio of 9.88 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $5.75 and its two-hundred day moving average price is $3.86. Lithium Americas Corp. has a 1 year low of $2.31 and a 1 year high of $10.52. The stock has a market capitalization of $1.23 billion, a P/E ratio of -4.76 and a beta of 1.42.

Lithium Americas (NYSE:LAC) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.03. Analysts predict that Lithium Americas Corp. will post -0.12 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Traynor Capital Management Inc. lifted its position in Lithium Americas by 19.7% during the third quarter. Traynor Capital Management Inc. now owns 12,449 shares of the company’s stock valued at $71,000 after purchasing an additional 2,046 shares during the period. Lido Advisors LLC raised its stake in Lithium Americas by 15.1% during the 3rd quarter. Lido Advisors LLC now owns 16,643 shares of the company’s stock valued at $95,000 after buying an additional 2,183 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Lithium Americas by 16.1% during the 3rd quarter. Quadrant Capital Group LLC now owns 16,753 shares of the company’s stock valued at $96,000 after buying an additional 2,321 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Lithium Americas by 3.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 67,650 shares of the company’s stock worth $394,000 after buying an additional 2,356 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its stake in shares of Lithium Americas by 9.2% in the 3rd quarter. Raymond James Financial Inc. now owns 45,090 shares of the company’s stock worth $257,000 after buying an additional 3,789 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have weighed in on LAC. Scotiabank upgraded shares of Lithium Americas from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 13th. TD Cowen reiterated a “hold” rating and set a $5.00 price target on shares of Lithium Americas in a report on Thursday, September 25th. BMO Capital Markets boosted their price objective on shares of Lithium Americas from $3.50 to $5.00 and gave the stock a “market perform” rating in a report on Thursday, October 2nd. Cowen cut Lithium Americas from a “buy” rating to a “hold” rating in a research report on Wednesday, September 24th. Finally, Canaccord Genuity Group downgraded Lithium Americas from a “speculative buy” rating to a “sell” rating in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.33.

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.