Point72 Asset Management L.P. grew its position in Lithium Americas Corp. (NYSE:LAC - Free Report) by 580.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,857,193 shares of the company's stock after purchasing an additional 1,584,123 shares during the period. Point72 Asset Management L.P. owned approximately 0.84% of Lithium Americas worth $4,977,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. General Motors Holdings LLC increased its position in Lithium Americas by 100.0% in the 4th quarter. General Motors Holdings LLC now owns 30,004,488 shares of the company's stock valued at $190,829,000 after acquiring an additional 15,002,245 shares during the period. Marshall Wace LLP bought a new position in Lithium Americas during the 2nd quarter valued at $10,252,000. Van ECK Associates Corp boosted its stake in Lithium Americas by 69.8% during the second quarter. Van ECK Associates Corp now owns 3,953,127 shares of the company's stock valued at $10,591,000 after buying an additional 1,625,149 shares in the last quarter. Merewether Investment Management LP acquired a new stake in Lithium Americas during the second quarter valued at approximately $858,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Lithium Americas during the 2nd quarter worth $520,000.

LAC has been the subject of several research analyst reports. National Bank Financial upgraded shares of Lithium Americas to a "hold" rating in a research report on Wednesday, June 5th. Piper Sandler assumed coverage on Lithium Americas in a research note on Monday, July 29th. They issued a "neutral" rating and a $3.90 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on Lithium Americas from $3.00 to $2.50 and set a "hold" rating on the stock in a report on Friday, August 16th. Scotiabank reduced their target price on shares of Lithium Americas from $5.50 to $3.00 and set a "sector perform" rating for the company in a research note on Thursday, August 15th. Finally, B. Riley dropped their price target on shares of Lithium Americas from $4.50 to $4.00 and set a "buy" rating on the stock in a research note on Friday, August 16th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Lithium Americas presently has an average rating of "Moderate Buy" and a consensus price target of $6.61.

Check Out Our Latest Stock Report on LAC

Lithium Americas stock opened at $2.58 on Wednesday. The business's 50-day simple moving average is $2.47 and its 200-day simple moving average is $3.66. Lithium Americas Corp. has a 52 week low of $2.02 and a 52 week high of $12.38.

Lithium Americas (NYSE:LAC - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02). As a group, research analysts predict that Lithium Americas Corp. will post -0.09 earnings per share for the current year.

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.

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