Two Sigma Investments LP Takes $1.11 Million Position in Lightbridge Co. (NASDAQ:LTBR)

Two Sigma Investments LP acquired a new stake in shares of Lightbridge Co. (NASDAQ:LTBR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 233,734 shares of the energy company's stock, valued at approximately $1,106,000. Two Sigma Investments LP owned 1.48% of Lightbridge as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its position in shares of Lightbridge by 785.8% during the 4th quarter. Renaissance Technologies LLC now owns 212,600 shares of the energy company's stock valued at $1,006,000 after buying an additional 188,600 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Lightbridge by 4.1% in the fourth quarter. Geode Capital Management LLC now owns 171,746 shares of the energy company's stock worth $813,000 after buying an additional 6,830 shares during the period. Private Advisor Group LLC purchased a new position in shares of Lightbridge in the fourth quarter worth about $627,000. Northern Trust Corp increased its holdings in Lightbridge by 65.6% during the 4th quarter. Northern Trust Corp now owns 73,312 shares of the energy company's stock valued at $347,000 after purchasing an additional 29,046 shares during the period. Finally, Bank of Montreal Can purchased a new position in Lightbridge during the 4th quarter valued at about $118,000. Institutional investors own 9.14% of the company's stock.

Insider Transactions at Lightbridge

In other news, Director Jesse L. Funches sold 6,250 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $9.75, for a total value of $60,937.50. Following the sale, the director now directly owns 46,288 shares of the company's stock, valued at $451,308. The trade was a 11.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 6.50% of the company's stock.

Lightbridge Price Performance

NASDAQ:LTBR traded up $1.06 during mid-day trading on Friday, reaching $15.75. 1,748,797 shares of the company's stock traded hands, compared to its average volume of 1,511,555. Lightbridge Co. has a 12-month low of $2.21 and a 12-month high of $17.70. The firm has a market capitalization of $361.95 million, a price-to-earnings ratio of -21.00 and a beta of 1.75. The company has a 50 day moving average price of $10.19 and a 200-day moving average price of $8.58.

Lightbridge (NASDAQ:LTBR - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The energy company reported ($0.24) EPS for the quarter.

About Lightbridge

Lightbridge Corporation, together with its subsidiaries, engages in developing nuclear fuel technology. It develops and commercializes metallic nuclear fuels. The company was formerly known as Thorium Power, Ltd. and changed its name to Lightbridge Corporation in September 2009. Lightbridge Corporation is headquartered in Reston, Virginia.