Lightbridge's (LTBR) Sell (D-) Rating Reaffirmed at Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for Lightbridge (LTBR), highlighting concerns about the company's stock performance.
• Lightbridge reported a quarterly loss of ($0.16) EPS and has experienced significant insider selling, with executives divesting over 40,000 shares in recent months.
• The company's stock has fluctuated between a one-year low of $2.92 and a high of $24.78, indicating volatility in its market performance.

Lightbridge (NASDAQ:LTBR - Get Free Report)'s stock had its "sell (d-)" rating restated by Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Lightbridge Price Performance

LTBR stock opened at $23.09 on Wednesday. The company has a market cap of $598.49 million, a P/E ratio of -27.82 and a beta of 1.93. Lightbridge has a 1 year low of $2.92 and a 1 year high of $24.78. The stock's fifty day moving average price is $16.52 and its 200-day moving average price is $13.14.

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

Insider Buying and Selling

In related news, Director Sweta Chakraborty sold 20,000 shares of Lightbridge stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $15.15, for a total value of $303,000.00. Following the completion of the transaction, the director owned 32,538 shares in the company, valued at approximately $492,950.70. This trade represents a 38.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Andrey Mushakov sold 17,598 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $20.04, for a total value of $352,663.92. Following the completion of the transaction, the executive vice president directly owned 395,699 shares in the company, valued at approximately $7,929,807.96. This trade represents a 4.26% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,292 shares of company stock worth $717,011. Corporate insiders own 6.50% of the company's stock.

Hedge Funds Weigh In On Lightbridge

Several hedge funds have recently made changes to their positions in LTBR. Ameritas Investment Partners Inc. acquired a new stake in Lightbridge during the 2nd quarter worth about $26,000. Legal & General Group Plc purchased a new position in Lightbridge in the 2nd quarter worth approximately $28,000. Stone House Investment Management LLC purchased a new position in Lightbridge in the 1st quarter worth approximately $35,000. SBI Securities Co. Ltd. lifted its stake in Lightbridge by 60.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company's stock worth $41,000 after purchasing 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% during 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 buying an additional 3,507 shares during the period. 9.14% of the stock is owned by institutional investors and hedge funds.

About Lightbridge

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.