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

Parametrica Management Ltd bought a new stake in Lithium Americas Corp. (NYSE:LAC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,555 shares of the company’s stock, valued at approximately $68,000. Lithium Americas comprises 0.1% of Parametrica Management Ltd’s portfolio, making the stock its 28th largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CWM LLC boosted its holdings in Lithium Americas by 140.6% in the third quarter. CWM LLC now owns 2,327 shares of the company’s stock valued at $40,000 after acquiring an additional 1,360 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of Lithium Americas by 3.6% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 60,551 shares of the company’s stock worth $368,000 after purchasing an additional 2,126 shares during the period. PNC Financial Services Group Inc. grew its holdings in Lithium Americas by 71.6% during the third quarter. PNC Financial Services Group Inc. now owns 5,275 shares of the company’s stock worth $90,000 after buying an additional 2,201 shares in the last quarter. Csenge Advisory Group grew its holdings in Lithium Americas by 13.1% during the third quarter. Csenge Advisory Group now owns 20,254 shares of the company’s stock worth $345,000 after buying an additional 2,345 shares in the last quarter. Finally, Operose Advisors LLC bought a new position in Lithium Americas in the 3rd quarter valued at $44,000.

Lithium Americas Price Performance

Shares of LAC stock traded up $0.20 on Friday, reaching $4.62. 5,356,235 shares of the company’s stock were exchanged, compared to its average volume of 5,398,631. Lithium Americas Corp. has a 52 week low of $3.81 and a 52 week high of $12.38. The company’s fifty day simple moving average is $5.78 and its 200 day simple moving average is $6.11.

Lithium Americas (NYSE:LAC) last released its quarterly earnings data on Friday, March 15th. The company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). As a group, sell-side analysts predict that Lithium Americas Corp. will post -0.14 earnings per share for the current year.

Wall Street Analyst Weigh In

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