ROI Financial Advisors LLC Reduces Stock Holdings in Lithium Americas Corp. (NYSE:LAC)

ROI Financial Advisors LLC reduced its stake in shares of Lithium Americas Corp. (NYSE:LAC) by 39.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,240 shares of the company’s stock after selling 6,741 shares during the period. ROI Financial Advisors LLC’s holdings in Lithium Americas were worth $28,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LAC. Creative Financial Designs Inc. ADV increased its holdings in Lithium Americas by 39.5% in the third quarter. Creative Financial Designs Inc. ADV now owns 13,040 shares of the company’s stock valued at $35,000 after buying an additional 3,693 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Lithium Americas by 12.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 41,943 shares of the company’s stock valued at $112,000 after acquiring an additional 4,504 shares during the last quarter. Cowen AND Company LLC increased its holdings in shares of Lithium Americas by 50.0% in the 2nd quarter. Cowen AND Company LLC now owns 15,000 shares of the company’s stock valued at $40,000 after acquiring an additional 5,000 shares during the last quarter. Quent Capital LLC raised its position in shares of Lithium Americas by 100.0% during the 3rd quarter. Quent Capital LLC now owns 10,000 shares of the company’s stock valued at $27,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its stake in Lithium Americas by 37.1% during the third quarter. Vontobel Holding Ltd. now owns 21,926 shares of the company’s stock valued at $59,000 after purchasing an additional 5,930 shares during the last quarter.

Lithium Americas Stock Up 3.3 %

LAC opened at $4.23 on Thursday. The firm has a market cap of $932.33 million and a PE ratio of -36.75. The business has a fifty day simple moving average of $3.03 and a 200-day simple moving average of $3.07. Lithium Americas Corp. has a fifty-two week low of $2.02 and a fifty-two week high of $7.86.

Lithium Americas (NYSE:LAC) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). On average, equities research analysts anticipate that Lithium Americas Corp. will post -0.1 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LAC has been the topic of several recent research reports. B. Riley lifted their price objective on shares of Lithium Americas from $4.50 to $5.00 and gave the company a “buy” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lowered their target price on Lithium Americas from $3.00 to $2.50 and set a “hold” rating on the stock in a research report on Friday, August 16th. National Bank Financial upgraded Lithium Americas from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 17th. Piper Sandler assumed coverage on Lithium Americas in a research note on Monday, July 29th. They issued a “neutral” rating and a $3.90 price target for the company. Finally, BMO Capital Markets upgraded shares of Lithium Americas to a “hold” rating in a research note on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.63.

Lithium Americas Company 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.