Two Sigma Advisers LP Invests $466,000 in Lightbridge Co. (NASDAQ:LTBR)

Two Sigma Advisers LP bought a new stake in Lightbridge Co. (NASDAQ:LTBR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 98,600 shares of the energy company's stock, valued at approximately $466,000. Two Sigma Advisers LP owned approximately 0.63% of Lightbridge as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC bought a new stake in Lightbridge in the fourth quarter worth $38,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Lightbridge during the fourth quarter worth $56,000. LPL Financial LLC bought a new stake in shares of Lightbridge during the fourth quarter worth $63,000. Eagle Global Advisors LLC bought a new stake in shares of Lightbridge during the fourth quarter worth $99,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Lightbridge during the fourth quarter worth $105,000. 9.14% of the stock is owned by hedge funds and other institutional investors.

Lightbridge Price Performance

Shares of NASDAQ:LTBR traded up $1.06 on Friday, hitting $15.75. 1,748,797 shares of the company's stock were exchanged, compared to its average volume of 1,516,706. Lightbridge Co. has a 12 month low of $2.24 and a 12 month high of $17.70. The stock has a market capitalization of $361.95 million, a price-to-earnings ratio of -21.00 and a beta of 1.83. The business's 50 day simple moving average is $10.19 and its two-hundred day simple moving average is $8.60.

Lightbridge (NASDAQ:LTBR - Get Free Report) last released its earnings results on Monday, May 12th. The energy company reported ($0.24) earnings per share for the quarter.

Insider Activity

In other news, Director Jesse L. Funches sold 6,250 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $9.75, for a total transaction of $60,937.50. Following the transaction, the director now owns 46,288 shares in the company, valued at approximately $451,308. This trade represents a 11.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.50% of the company's stock.

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.