Tortoise Investment Management LLC Purchases Shares of 215,937 Lightbridge Corporation $LTBR

Key Points

• Tortoise Investment Management acquired 215,937 Lightbridge shares worth approximately $1.9 million, representing about 0.61% of the company. Other institutions also increased their positions, though institutional ownership remains relatively low at 9.14%.
• Lightbridge shares opened at $8.15 and remain well below their 52-week high of $31.33. The company reported a quarterly loss of $0.18 per share, while its average analyst rating remains “Sell.”
• Director Mark Robert Tobin sold 15,000 shares for $134,850, reducing his ownership by 18.37%; corporate insiders currently own 5.40% of Lightbridge.

Tortoise Investment Management LLC bought a new stake in Lightbridge Corporation (NASDAQ:LTBR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 215,937 shares of the energy company's stock, valued at approximately $1,898,000. Tortoise Investment Management LLC owned about 0.61% of Lightbridge as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of LTBR. Goldman Sachs Group Inc. grew its holdings in shares of Lightbridge by 601.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 91,620 shares of the energy company's stock valued at $683,000 after acquiring an additional 78,561 shares in the last quarter. Geode Capital Management LLC raised its holdings in Lightbridge by 166.3% during the second quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company's stock worth $6,336,000 after acquiring an additional 295,890 shares in the last quarter. Cetera Investment Advisers acquired a new position in Lightbridge during the second quarter valued at approximately $253,000. JPMorgan Chase & Co. boosted its position in Lightbridge by 1,610.9% during the second quarter. JPMorgan Chase & Co. now owns 9,410 shares of the energy company's stock valued at $126,000 after purchasing an additional 8,860 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in Lightbridge in the second quarter valued at approximately $28,000. Institutional investors own 9.14% of the company's stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lightbridge in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Lightbridge has an average rating of "Sell".

Lightbridge Trading Down 3.6%

LTBR stock opened at $8.15 on Tuesday. The firm has a market capitalization of $305.30 million, a PE ratio of -10.32 and a beta of 2.14. Lightbridge Corporation has a 1-year low of $6.92 and a 1-year high of $31.33. The business's 50 day simple moving average is $8.63 and its 200 day simple moving average is $11.01.

Lightbridge (NASDAQ:LTBR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported ($0.18) earnings per share (EPS) for the quarter.

Insider Activity at Lightbridge

In other news, Director Mark Robert Tobin sold 15,000 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $8.99, for a total value of $134,850.00. Following the transaction, the director directly owned 66,669 shares of the company's stock, valued at $599,354.31. This represents a 18.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.40% of the stock is currently owned by corporate insiders.

About Lightbridge

Lightbridge Corporation is a nuclear energy technology company focused on developing advanced nuclear fuel designs to enhance the safety, efficiency and economic performance of existing and new nuclear power reactors. The company's core technology centers on a patented metallic fuel system that replaces conventional uranium oxide fuel pellets with a uranium-zirconium alloy, configured in a helical rod design. This proprietary fuel form is intended to enable higher burnup rates, reduced fuel cycle costs and improved thermal conductivity, thereby addressing key challenges in the global nuclear industry.

Since its inception, Lightbridge has conducted extensive research and development in collaboration with national laboratories, regulatory agencies and reactor operators.

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