Shares of Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) traded up 8.3% on Thursday . The stock traded as high as $28.10 and last traded at $29.51. 419,437 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 2,081,420 shares. The stock had previously closed at $27.24.
Wall Street Analyst Weigh In
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Lightbridge in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of "Sell".
Read Our Latest Stock Analysis on Lightbridge
Lightbridge Stock Down 1.9%
The stock has a market cap of $692.27 million, a P/E ratio of -32.45 and a beta of 1.93. The business has a 50 day moving average price of $17.65 and a two-hundred day moving average price of $13.72.
Lightbridge (NASDAQ:LTBR - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The energy company reported ($0.16) EPS for the quarter.
Insider Transactions at Lightbridge
In related news, CEO Seth Grae sold 32,296 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $28.07, for a total transaction of $906,548.72. Following the completion of the transaction, the chief executive officer directly owned 753,316 shares of the company's stock, valued at approximately $21,145,580.12. This represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sweta Chakraborty sold 20,000 shares of the stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $15.15, for a total value 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. The trade was a 38.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,897 shares of company stock valued at $2,984,994 in the last ninety days. Corporate insiders own 6.50% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Exchange Traded Concepts LLC increased its holdings in Lightbridge by 21.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 713,742 shares of the energy company's stock worth $15,138,000 after purchasing an additional 126,121 shares during the period. Geode Capital Management LLC increased its holdings in Lightbridge by 166.3% during the 2nd quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company's stock worth $6,336,000 after purchasing an additional 295,890 shares during the period. Baird Financial Group Inc. purchased a new position in Lightbridge during the 2nd quarter worth $3,102,000. BNP Paribas Financial Markets purchased a new position in Lightbridge during the 2nd quarter worth $2,484,000. Finally, Tortoise Investment Management LLC increased its holdings in Lightbridge by 132.6% during the 1st quarter. Tortoise Investment Management LLC now owns 163,521 shares of the energy company's stock worth $1,220,000 after purchasing an additional 93,225 shares during the period. 9.14% of the stock is currently owned by hedge funds and other institutional investors.
About Lightbridge
(
Get Free Report)
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.
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