Panview Asian Equity Master Fund Takes $1.91 Million Position in Lithium Americas Corp. (NYSE:LAC)

Panview Asian Equity Master Fund purchased a new stake in Lithium Americas Corp. (NYSE:LAC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 298,551 shares of the company’s stock, valued at approximately $1,911,000. Lithium Americas accounts for approximately 1.3% of Panview Asian Equity Master Fund’s holdings, making the stock its 10th largest holding. Panview Asian Equity Master Fund owned approximately 0.19% of Lithium Americas as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Lithium Americas by 24.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,345,908 shares of the company’s stock worth $15,122,000 after purchasing an additional 461,635 shares in the last quarter. 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 increased its holdings in Lithium Americas by 82.6% in the 3rd quarter. LPL Financial LLC now owns 223,701 shares of the company’s stock valued at $3,805,000 after buying an additional 101,174 shares during the period. CenterBook Partners LP raised its position in shares of Lithium Americas by 15.2% in the 3rd quarter. CenterBook Partners LP now owns 503,361 shares of the company’s stock valued at $8,562,000 after buying an additional 66,421 shares in the last quarter. Finally, RWC Asset Management LLP lifted its holdings in shares of Lithium Americas by 98.5% during the 3rd quarter. RWC Asset Management LLP now owns 124,410 shares of the company’s stock worth $2,124,000 after acquiring an additional 61,733 shares during the period.

Wall Street Analysts Forecast Growth

LAC has been the subject of several research analyst reports. Scotiabank downgraded shares of Lithium Americas from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $15.00 to $7.00 in a research report on Monday, March 18th. JPMorgan Chase & Co. boosted their price target on Lithium Americas from $5.50 to $7.00 and gave the stock a “neutral” rating in a report on Monday, March 18th. HSBC reduced their price objective on Lithium Americas from $6.50 to $5.10 and set a “hold” rating on the stock in a research note on Friday. Finally, Evercore ISI dropped their target price on shares of Lithium Americas from $13.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, March 15th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.18.

Lithium Americas Stock Performance

Shares of NYSE:LAC traded down $0.07 during midday trading on Tuesday, hitting $4.68. 5,570,887 shares of the stock were exchanged, compared to its average volume of 3,951,307. The business’s 50-day moving average price is $5.79 and its 200 day moving average price is $6.18. Lithium Americas Corp. has a 12 month low of $3.81 and a 12 month high of $12.38.

Lithium Americas (NYSE:LAC) last posted its earnings results on Friday, March 15th. The company reported ($0.08) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.08). Equities research analysts anticipate that Lithium Americas Corp. will post -0.15 earnings per share for the current year.

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.