Exchange Traded Concepts LLC Increases Position in Lightbridge Corporation $LTBR

Exchange Traded Concepts LLC increased its holdings in Lightbridge Corporation (NASDAQ:LTBR) by 16.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 828,550 shares of the energy company’s stock after buying an additional 114,808 shares during the period. Exchange Traded Concepts LLC’s holdings in Lightbridge were worth $10,473,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of LTBR. Ameriprise Financial Inc. purchased a new position in Lightbridge in the third quarter worth $11,952,000. BNP Paribas Financial Markets increased its position in shares of Lightbridge by 168.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 498,415 shares of the energy company’s stock valued at $10,571,000 after purchasing an additional 312,605 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Lightbridge by 166.3% during the 2nd quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company’s stock worth $6,336,000 after purchasing an additional 295,890 shares during the period. Two Sigma Investments LP raised its stake in shares of Lightbridge by 93.1% during the 3rd quarter. Two Sigma Investments LP now owns 592,030 shares of the energy company’s stock worth $12,557,000 after purchasing an additional 285,471 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Lightbridge by 19.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,487,461 shares of the energy company’s stock worth $31,549,000 after buying an additional 237,378 shares during the last quarter. 9.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Sweta Chakraborty sold 1,947 shares of Lightbridge stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $12.88, for a total value of $25,077.36. Following the completion of the sale, the director owned 39,606 shares of the company’s stock, valued at approximately $510,125.28. This trade represents a 4.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andrey Mushakov sold 30,289 shares of the business’s stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $16.57, for a total value of $501,888.73. Following the completion of the sale, the executive vice president owned 389,082 shares in the company, valued at $6,447,088.74. This represents a 7.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 34,930 shares of company stock worth $571,063 in the last ninety days. Insiders own 5.80% of the company’s stock.

Lightbridge Stock Performance

NASDAQ:LTBR opened at $10.70 on Monday. The stock has a market capitalization of $365.41 million, a PE ratio of -13.21 and a beta of 1.98. The firm’s 50 day moving average is $13.53 and its 200 day moving average is $16.77. Lightbridge Corporation has a 12 month low of $6.10 and a 12 month high of $31.33.

Lightbridge (NASDAQ:LTBR) last announced its quarterly earnings data on Wednesday, February 25th. The energy company reported ($0.25) earnings per share for the quarter.

Analysts Set New Price Targets

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

Lightbridge Company Profile

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.