Tortoise Investment Management LLC Increases Holdings in Lightbridge Corporation $LTBR

Key Points

• Tortoise Investment Management LLC has significantly increased its holdings in Lightbridge Corporation (LTBR) by 132.6%, owning 163,521 shares valued at approximately $1.22 million.
• Several large institutional investors, including Renaissance Technologies LLC and Two Sigma Investments LP, have also expanded their stakes in Lightbridge, indicating growing interest in the company.
• Lightbridge Corporation reported a negative earnings per share of $0.16 in its latest quarterly earnings, with its stock priced at $15.56 and a market cap of $403.32 million.

Tortoise Investment Management LLC boosted its stake in Lightbridge Corporation (NASDAQ:LTBR - Free Report) by 132.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,521 shares of the energy company's stock after purchasing an additional 93,225 shares during the quarter. Tortoise Investment Management LLC owned approximately 0.78% of Lightbridge worth $1,220,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Stone House Investment Management LLC purchased a new stake in shares of Lightbridge in the 1st quarter valued at about $35,000. NewEdge Advisors LLC purchased a new stake in shares of Lightbridge in the 4th quarter valued at about $38,000. OLD National Bancorp IN purchased a new stake in shares of Lightbridge in the 1st quarter valued at about $82,000. Squarepoint Ops LLC purchased a new stake in shares of Lightbridge in the 4th quarter valued at about $55,000. Finally, Powell Investment Advisors LLC purchased a new stake in shares of Lightbridge in the 1st quarter valued at about $87,000. Institutional investors own 9.14% of the company's stock.

Lightbridge Price Performance

Shares of NASDAQ:LTBR traded down $0.41 on Monday, hitting $15.13. The company's stock had a trading volume of 1,045,609 shares, compared to its average volume of 1,476,341. The company has a 50-day simple moving average of $14.10 and a 200 day simple moving average of $11.69. 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 $392.17 million, a PE ratio of -18.23 and a beta of 1.89.

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

Insider Buying and Selling at Lightbridge

In related news, Director Sweta Chakraborty sold 20,000 shares of the firm's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $15.15, for a total transaction of $303,000.00. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 5.80% of the company's stock.

About Lightbridge

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.