Lightbridge (NASDAQ:LTBR) Posts Quarterly Earnings Results

Key Points

• Lightbridge (NASDAQ:LTBR) reported a quarterly earnings loss of ($0.16) EPS.
• Shares of Lightbridge declined by $0.27 on Monday, bringing the stock price to $13.50, with a market cap of $310.23 million.
• Significant institutional investments occurred in the 2nd quarter, with Geode Capital Management increasing its holdings by 166.3% and Goldman Sachs lifting theirs by 601.6%.

Lightbridge (NASDAQ:LTBR - Get Free Report) released its quarterly earnings data on Monday. The energy company reported ($0.16) EPS for the quarter, Zacks reports.

Lightbridge Stock Performance

Shares of LTBR traded down $0.27 during midday trading on Monday, hitting $13.50. 994,072 shares of the company traded hands, compared to its average volume of 2,050,492. The firm has a 50 day moving average of $13.72 and a 200-day moving average of $11.11. Lightbridge has a 52 week low of $2.24 and a 52 week high of $17.70. The stock has a market cap of $310.23 million, a price-to-earnings ratio of -16.07 and a beta of 1.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers bought a new position in shares of Lightbridge in the 2nd quarter valued at about $253,000. Geode Capital Management LLC lifted its holdings in shares of Lightbridge by 166.3% in the 2nd quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company's stock valued at $6,336,000 after acquiring an additional 295,890 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted 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 during the last quarter. Institutional investors own 9.14% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.