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

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

A number of other institutional investors also recently made changes to their positions in LTBR. NewEdge Advisors LLC bought a new stake in shares of Lightbridge in the fourth quarter worth $38,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Lightbridge in the 4th quarter worth about $56,000. LPL Financial LLC acquired a new stake in shares of Lightbridge in the 4th quarter valued at about $63,000. Eagle Global Advisors LLC bought a new position in shares of Lightbridge during the fourth quarter worth about $99,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in Lightbridge in the fourth quarter worth about $105,000. 9.14% of the stock is owned by institutional investors and hedge funds.

Lightbridge Stock Down 0.1%

NASDAQ:LTBR traded down $0.02 during trading hours on Monday, reaching $15.73. 1,577,571 shares of the stock were exchanged, compared to its average volume of 1,516,954. The stock has a market capitalization of $361.49 million, a P/E ratio of -20.97 and a beta of 1.83. The firm has a 50 day simple moving average of $10.19 and a 200-day simple moving average of $8.60. Lightbridge Co. has a 52 week low of $2.24 and a 52 week high of $17.70.

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

Insiders Place Their Bets

In related news, Director Jesse L. Funches sold 6,250 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $9.75, for a total transaction of $60,937.50. Following the completion of the sale, the director now owns 46,288 shares of the company's stock, valued at $451,308. This represents a 11.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.50% of the stock is owned by corporate insiders.

Lightbridge Company Profile

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.