Rathbones Group PLC Invests $139,000 in Lightbridge Corporation (NASDAQ:LTBR)

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 stake in shares of Lightbridge Corporation (NASDAQ:LTBR - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 18,586 shares of the energy company's stock, valued at approximately $139,000. Rathbones Group PLC owned 0.09% of Lightbridge at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LTBR. LPL Financial LLC bought a new position in shares of Lightbridge during the 4th quarter valued at approximately $63,000. Geode Capital Management LLC lifted its holdings in Lightbridge by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 171,746 shares of the energy company's stock worth $813,000 after purchasing an additional 6,830 shares in the last quarter. Bank of Montreal Can purchased a new position in Lightbridge in the 4th quarter worth approximately $118,000. Renaissance Technologies LLC lifted its holdings in Lightbridge by 785.8% in the 4th quarter. Renaissance Technologies LLC now owns 212,600 shares of the energy company's stock worth $1,006,000 after purchasing an additional 188,600 shares in the last quarter. Finally, NewEdge Advisors LLC purchased a new position in Lightbridge in the 4th quarter worth approximately $38,000. 9.14% of the stock is currently owned by institutional investors.

Lightbridge Stock Down 0.8%

NASDAQ LTBR traded down $0.13 during trading hours on Friday, reaching $16.17. The company's stock had a trading volume of 1,516,338 shares, compared to its average volume of 1,556,352. The firm's 50-day moving average price is $13.82 and its 200-day moving average price is $11.40. Lightbridge Corporation has a 1 year low of $2.24 and a 1 year high of $18.80. The company has a market capitalization of $419.13 million, a price-to-earnings ratio of -19.48 and a beta of 1.67.

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

Lightbridge 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.