Northern Trust Corp grew its stake in Lightbridge Co. (NASDAQ:LTBR - Free Report) by 65.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,312 shares of the energy company's stock after purchasing an additional 29,046 shares during the period. Northern Trust Corp owned approximately 0.46% of Lightbridge worth $347,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC lifted its stake 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 worth $1,006,000 after acquiring an additional 188,600 shares during the last quarter. Private Advisor Group LLC bought a new stake in Lightbridge during the 4th quarter valued at $627,000. Bank of Montreal Can bought a new stake in Lightbridge during the 4th quarter valued at $118,000. Steward Partners Investment Advisory LLC bought a new stake in Lightbridge during the 4th quarter valued at $105,000. Finally, LPL Financial LLC bought a new stake in Lightbridge during the 4th quarter valued at $63,000. 9.14% of the stock is owned by institutional investors.
Insider Buying and Selling at Lightbridge
In other news, Director Jesse L. Funches sold 6,250 shares of the business's stock in a transaction 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 completion of the transaction, the director now directly owns 46,288 shares of the company's stock, valued at approximately $451,308. The trade was a 11.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 6.50% of the stock is currently owned by corporate insiders.
Lightbridge Stock Performance
NASDAQ LTBR traded down $0.93 on Thursday, reaching $14.69. 1,836,403 shares of the stock traded hands, compared to its average volume of 1,505,071. The company has a fifty day moving average price of $10.02 and a 200-day moving average price of $8.51. The company has a market cap of $337.59 million, a price-to-earnings ratio of -19.59 and a beta of 1.75. Lightbridge Co. has a 12 month low of $2.21 and a 12 month high of $17.70.
Lightbridge (NASDAQ:LTBR - Get Free Report) last issued its earnings results on Monday, May 12th. The energy company reported ($0.24) earnings per share for the quarter.
Lightbridge Company Profile
(
Free Report)
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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