Andrey Mushakov Sells 30,289 Shares of Lightbridge (NASDAQ:LTBR) Stock

Lightbridge Corporation (NASDAQ:LTBR) EVP Andrey Mushakov sold 30,289 shares of the stock in a transaction that occurred on Thursday, January 29th. The shares were sold at an average price of $16.57, for a total transaction of $501,888.73. Following the transaction, the executive vice president owned 389,082 shares in the company, valued at approximately $6,447,088.74. This represents a 7.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Lightbridge Stock Down 6.8%

Lightbridge stock opened at $15.39 on Friday. The firm has a market cap of $501.87 million, a P/E ratio of -19.24 and a beta of 1.84. The business has a fifty day moving average of $15.73 and a two-hundred day moving average of $17.32. Lightbridge Corporation has a twelve month low of $6.10 and a twelve month high of $31.33.

Lightbridge (NASDAQ:LTBR) last released its quarterly earnings results on Wednesday, November 5th. The energy company reported ($0.16) EPS for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its stake in shares of Lightbridge by 601.6% during the first quarter. Goldman Sachs Group Inc. now owns 91,620 shares of the energy company’s stock worth $683,000 after buying an additional 78,561 shares during the period. Balboa Wealth Partners purchased a new stake in Lightbridge during the 2nd quarter valued at about $159,000. Caitong International Asset Management Co. Ltd grew its stake in Lightbridge by 853.3% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company’s stock valued at $52,000 after purchasing an additional 3,507 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Lightbridge by 30.0% in the second quarter. Bank of Montreal Can now owns 13,000 shares of the energy company’s stock valued at $174,000 after purchasing an additional 3,000 shares during the period. Finally, SBI Securities Co. Ltd. raised its stake in shares of Lightbridge by 60.0% in the second quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company’s stock worth $41,000 after purchasing an additional 1,152 shares during the last quarter. Hedge funds and other institutional investors own 9.14% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Lightbridge has a consensus rating of “Sell”.

About Lightbridge

Lightbridge Corporation is a nuclear energy technology company focused on developing advanced nuclear fuel designs to enhance the safety, efficiency and economic performance of existing and new nuclear power reactors. The company’s core technology centers on a patented metallic fuel system that replaces conventional uranium oxide fuel pellets with a uranium-zirconium alloy, configured in a helical rod design. This proprietary fuel form is intended to enable higher burnup rates, reduced fuel cycle costs and improved thermal conductivity, thereby addressing key challenges in the global nuclear industry.

Since its inception, Lightbridge has conducted extensive research and development in collaboration with national laboratories, regulatory agencies and reactor operators.