Exchange Traded Concepts LLC Has $10.47 Million Stock Position in Lightbridge Corporation $LTBR

Key Points

• Exchange Traded Concepts LLC increased its stake in Lightbridge by 16.1% to 828,550 shares, holding roughly $10.47 million or about 2.54% of the company after the acquisition.
• Company insiders have been net sellers, offloading a total of 34,930 shares worth about $571,063 over the past 90 days (notably Director Sweta Chakraborty and EVP Andrey Mushakov), and insiders now own 5.80% of the stock.
• Weiss Ratings reissued a "Sell (D-)" on LTBR and the stock carries an average market rating of "Sell"; Lightbridge has a market cap of $365.4M, reported a ($0.25) EPS last quarter, and trades within a 12‑month range of $6.10–$31.33.

Exchange Traded Concepts LLC raised its position in Lightbridge Corporation (NASDAQ:LTBR - Free Report) by 16.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 828,550 shares of the energy company's stock after acquiring an additional 114,808 shares during the period. Exchange Traded Concepts LLC owned approximately 2.54% of Lightbridge worth $10,473,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of LTBR. Ameritas Investment Partners Inc. bought a new position in shares of Lightbridge in the 2nd quarter worth $26,000. Legal & General Group Plc bought a new stake in Lightbridge during the 2nd quarter valued at $28,000. Advisory Services Network LLC acquired a new position in Lightbridge during the third quarter worth $50,000. Russell Investments Group Ltd. acquired a new position in Lightbridge during the third quarter worth $53,000. Finally, Farther Finance Advisors LLC bought a new position in shares of Lightbridge in the third quarter valued at $67,000. Institutional investors own 9.14% of the company's stock.

Insiders Place Their Bets

In other news, Director Sweta Chakraborty sold 1,947 shares of the company's stock in a transaction on Friday, January 2nd. The shares were 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 in the company, valued at $510,125.28. This represents a 4.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Andrey Mushakov sold 30,289 shares of the stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $16.57, for a total transaction of $501,888.73. Following the completion of the sale, the executive vice president owned 389,082 shares of the company's stock, valued at approximately $6,447,088.74. This represents a 7.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 34,930 shares of company stock worth $571,063 over the last ninety days. Insiders own 5.80% of the company's stock.

Lightbridge Price Performance

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

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

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of Lightbridge in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of "Sell".

About Lightbridge

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.