18,586 Shares in Lightbridge Corporation $LTBR Acquired by Rathbones Group PLC

Key Points

• Rathbones Group PLC acquired 18,586 shares of Lightbridge Corporation during the first quarter, valued at approximately $139,000, representing a 0.09% ownership stake as of the latest reporting period.
• Other institutional investors also increased their stakes in Lightbridge, with total institutional ownership at 9.14% of the company's stock.
• Lightbridge's stock experienced a recent drop, trading at $16.17, with a market capitalization of approximately $419.13 million.

Rathbones Group PLC acquired a new position in shares of Lightbridge Corporation (NASDAQ:LTBR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,586 shares of the energy company's stock, valued at approximately $139,000. Rathbones Group PLC owned about 0.09% of Lightbridge at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Stone House Investment Management LLC bought a new position in Lightbridge in the first quarter valued at approximately $35,000. Powell Investment Advisors LLC acquired a new position in Lightbridge during the first quarter worth approximately $87,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Lightbridge by 23.1% during the 1st quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 48,000 shares of the energy company's stock valued at $358,000 after purchasing an additional 9,000 shares during the last quarter. OLD National Bancorp IN acquired a new position in Lightbridge in the 1st quarter valued at about $82,000. Finally, Squarepoint Ops LLC bought a new stake in Lightbridge in the 4th quarter valued at $55,000. Institutional investors and hedge funds own 9.14% of the company's stock.

Lightbridge Stock Down 6.3%

Shares of LTBR traded down $0.9610 during midday trading on Tuesday, reaching $14.3490. 789,202 shares of the stock were exchanged, compared to its average volume of 2,056,059. The stock's 50 day simple moving average is $13.82 and its 200 day simple moving average is $11.46. Lightbridge Corporation has a twelve month low of $2.24 and a twelve month high of $18.80. The company has a market cap of $371.85 million, a P/E ratio of -17.23 and a beta of 1.67.

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

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.