Geneos Wealth Management Inc. Takes $471,000 Position in Lightbridge Corporation $LTBR

Key Points

• Geneos Wealth Management Inc. acquired a new stake in Lightbridge Corporation valued at approximately $471,000, purchasing 63,150 shares during the first quarter.
• Other hedge funds have also increased their stakes, with Goldman Sachs raising its investment by 601.6% in the first quarter, now owning 91,620 shares valued at $683,000.
• Lightbridge Corporation recently reported earnings of ($0.16) per share, amid fluctuating stock prices between a twelve-month low of $2.36 and a high of $18.80.

Geneos Wealth Management Inc. purchased a new stake in Lightbridge Corporation (NASDAQ:LTBR - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 63,150 shares of the energy company's stock, valued at approximately $471,000. Geneos Wealth Management Inc. owned 0.28% of Lightbridge as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Two Sigma Investments LP purchased a new stake in shares of Lightbridge in the 4th quarter valued at approximately $1,106,000. Two Sigma Advisers LP acquired a new stake in shares of Lightbridge in the fourth quarter valued at about $466,000. Tortoise Investment Management LLC lifted its stake in shares of Lightbridge by 132.6% in the first quarter. Tortoise Investment Management LLC now owns 163,521 shares of the energy company's stock valued at $1,220,000 after purchasing an additional 93,225 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Lightbridge by 601.6% in the first quarter. Goldman Sachs Group Inc. now owns 91,620 shares of the energy company's stock valued at $683,000 after purchasing an additional 78,561 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Lightbridge during the 4th quarter valued at about $184,000. 9.14% of the stock is currently owned by institutional investors and hedge funds.

Lightbridge Trading Down 0.7%

NASDAQ:LTBR opened at $13.97 on Monday. The firm has a 50-day moving average price of $14.34 and a two-hundred day moving average price of $11.88. Lightbridge Corporation has a twelve month low of $2.36 and a twelve month high of $18.80. The company has a market capitalization of $362.10 million, a P/E ratio of -16.83 and a beta of 1.89.

Lightbridge (NASDAQ:LTBR - Get Free Report) last posted its earnings results on Monday, August 11th. The energy company reported ($0.16) earnings per share for the quarter.

Insider Activity

In related news, Director Sweta Chakraborty sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $15.15, for a total value of $303,000.00. Following the sale, the director directly owned 32,538 shares of the company's stock, valued at approximately $492,950.70. This trade represents a 38.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.80% of the company's stock.

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.

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