Lightbridge Target of Unusually High Options Trading (NASDAQ:LTBR)

Key Points

• Lightbridge Corporation (NASDAQ:LTBR) experienced a notable increase in call options trading, with 5,132 options bought—an increase of 58% compared to the average volume.
• Despite the options activity, Weiss Ratings has reaffirmed a "sell (d-)" rating for Lightbridge, indicating cautious sentiment among analysts.
• Key insider transactions include the sale of shares by EVP Andrey Mushakov, reducing their stake by 4.26%, and a substantial 38.07% decrease in ownership by Director Sweta Chakraborty.

Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) saw unusually large options trading activity on Monday. Stock traders bought 5,132 call options on the stock. This is an increase of 58% compared to the average daily volume of 3,251 call options.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Lightbridge in a report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lightbridge has a consensus rating of "Sell".

Insider Activity at Lightbridge

In other Lightbridge news, EVP Andrey Mushakov sold 17,598 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $20.04, for a total value of $352,663.92. Following the sale, the executive vice president directly owned 395,699 shares in the company, valued at $7,929,807.96. This represents a 4.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sweta Chakraborty sold 20,000 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $15.15, for a total transaction of $303,000.00. Following the completion of the sale, the director owned 32,538 shares in the company, valued at $492,950.70. This represents a 38.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lightbridge

Several hedge funds and other institutional investors have recently bought and sold shares of LTBR. Ameritas Investment Partners Inc. acquired a new position in Lightbridge during the 2nd quarter worth approximately $26,000. Legal & General Group Plc acquired a new position in Lightbridge during the 2nd quarter worth approximately $28,000. Stone House Investment Management LLC acquired a new position in Lightbridge during the 1st quarter worth approximately $35,000. SBI Securities Co. Ltd. lifted its position in Lightbridge by 60.0% during the 2nd quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company's stock worth $41,000 after acquiring an additional 1,152 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Lightbridge by 853.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company's stock valued at $52,000 after purchasing an additional 3,507 shares in the last quarter. 9.14% of the stock is owned by institutional investors and hedge funds.

Lightbridge Stock Performance

LTBR stock traded up $1.71 during trading on Monday, hitting $22.92. The stock had a trading volume of 1,426,644 shares, compared to its average volume of 2,049,176. The stock has a market cap of $594.01 million, a price-to-earnings ratio of -27.57 and a beta of 1.93. The company's 50 day moving average price is $16.00 and its two-hundred day moving average price is $12.90. Lightbridge has a 1-year low of $2.91 and a 1-year high of $24.78.

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

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.

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