Wolverine Asset Management LLC Has $724,000 Holdings in Lithium Americas Corp. (NYSE:LAC)

Wolverine Asset Management LLC decreased its holdings in shares of Lithium Americas Corp. (NYSE:LAC) by 99.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 113,122 shares of the company’s stock after selling 52,249,878 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.07% of Lithium Americas worth $724,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its holdings in Lithium Americas by 28.6% during the fourth quarter. Mackenzie Financial Corp now owns 257,589 shares of the company’s stock worth $1,653,000 after purchasing an additional 57,232 shares during the last quarter. Aquila Investment Management LLC boosted its holdings 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 purchasing an additional 196,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 purchasing an additional 461,635 shares during the last quarter. Allworth Financial LP acquired a new position in Lithium Americas during the fourth quarter worth $37,000. Finally, International Assets Investment Management LLC acquired a new position in Lithium Americas during the fourth quarter worth $71,000.

Wall Street Analyst Weigh In

LAC has been the subject of several recent research reports. HSBC reduced their target price on shares of Lithium Americas from $6.50 to $5.10 and set a “hold” rating for the company in a report on Friday, April 19th. Evercore ISI dropped 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 report on Friday, March 15th. JPMorgan Chase & Co. upped their price target on shares of Lithium Americas from $5.50 to $7.00 and gave the stock a “neutral” rating in a research report on Monday, March 18th. Finally, Scotiabank lowered shares of Lithium Americas from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the stock from $15.00 to $7.00 in a research report on Monday, March 18th. 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $12.18.

Lithium Americas Price Performance

Shares of LAC opened at $4.62 on Friday. The company’s 50-day moving average is $5.78 and its 200-day moving average is $6.11. Lithium Americas Corp. has a fifty-two week low of $3.81 and a fifty-two week high of $12.38.

Lithium Americas (NYSE:LAC) last released its quarterly earnings results on Friday, March 15th. The company reported ($0.08) EPS for the quarter, hitting analysts’ consensus estimates of ($0.08). As a group, equities research analysts anticipate that Lithium Americas Corp. will post -0.14 EPS for the current fiscal year.

Lithium Americas 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.