Key Points
- Lightbridge director Mark Robert Tobin sold 15,000 shares at an average price of $8.99, generating $134,850 and reducing his holdings by 18.37% to 66,669 shares.
- Lightbridge shares opened at $8.89, with a market capitalization of $333.02 million and a 52-week range of $6.92 to $31.33. The company reported a quarterly loss of $0.18 per share.
- Analyst sentiment remains negative, with the stock carrying an average “Sell” rating. Institutional investors own 9.14% of the company, while several funds—including BlackRock—initiated positions during the second quarter.
Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) Director Mark Robert Tobin sold 15,000 shares of Lightbridge stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $8.99, for a total transaction of $134,850.00. Following the sale, the director owned 66,669 shares of the company's stock, valued at $599,354.31. The trade was a 18.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Lightbridge Price Performance
Lightbridge stock opened at $8.89 on Thursday. The stock has a market cap of $333.02 million, a price-to-earnings ratio of -11.25 and a beta of 2.14. The firm has a 50-day moving average of $8.72 and a two-hundred day moving average of $11.19. Lightbridge Corporation has a 1 year low of $6.92 and a 1 year high of $31.33.
Lightbridge (NASDAQ:LTBR - Get Free Report) last issued its earnings results on Wednesday, August 5th. The energy company reported ($0.18) EPS for the quarter.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lightbridge in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of "Sell".
Read Our Latest Stock Analysis on Lightbridge
Institutional Trading of Lightbridge
A number of hedge funds have recently bought and sold shares of LTBR. Tortoise Investment Management LLC purchased a new stake in shares of Lightbridge during the 2nd quarter worth $1,898,000. BlackRock Inc. purchased a new position in Lightbridge in the second quarter valued at about $22,580,000. Deutsche Bank AG bought a new position in Lightbridge in the second quarter worth about $295,000. Bank of New York Mellon Corp bought a new position in Lightbridge in the second quarter worth about $752,000. Finally, Pacer Advisors Inc. lifted its position in shares of Lightbridge by 17.8% during the first quarter. Pacer Advisors Inc. now owns 164,452 shares of the energy company's stock valued at $1,753,000 after buying an additional 24,863 shares during the last quarter. Hedge funds and other institutional investors own 9.14% of the company's stock.
Lightbridge Company Profile
(
Get Free Report)
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.
Further Reading
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