Foundations Investment Advisors LLC Takes $890,000 Position in Lightbridge Corporation $LTBR

Foundations Investment Advisors LLC bought a new stake in Lightbridge Corporation (NASDAQ:LTBR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 70,384 shares of the energy company’s stock, valued at approximately $890,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Legal & General Group Plc bought a new stake in shares of Lightbridge in the 2nd quarter valued at about $28,000. Advisory Services Network LLC bought a new position in Lightbridge during the 3rd quarter valued at approximately $50,000. Leonteq Securities AG bought a new position in Lightbridge during the 4th quarter valued at approximately $51,000. Russell Investments Group Ltd. bought a new position in Lightbridge during the 3rd quarter valued at approximately $53,000. Finally, Raymond James Financial Inc. bought a new position in Lightbridge during the 2nd quarter valued at approximately $53,000. Institutional investors own 9.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on LTBR shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a research report on Tuesday, April 21st. Wall Street Zen lowered Lightbridge from a “sell” rating to a “strong sell” rating in a research report on Sunday, April 12th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Lightbridge Stock Performance

Shares of NASDAQ:LTBR opened at $11.48 on Monday. Lightbridge Corporation has a 52-week low of $9.78 and a 52-week high of $31.33. The firm has a market capitalization of $403.52 million, a P/E ratio of -14.91 and a beta of 2.09. The stock has a 50 day moving average price of $11.78 and a 200-day moving average price of $13.80.

Lightbridge (NASDAQ:LTBR) last announced its earnings results on Monday, April 27th. The energy company reported ($0.20) earnings per share (EPS) for the quarter.

Lightbridge 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.