Renaissance Technologies LLC Raises Stock Holdings in Lightbridge Co. (NASDAQ:LTBR)

Renaissance Technologies LLC lifted its holdings in Lightbridge Co. (NASDAQ:LTBR - Free Report) by 785.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 212,600 shares of the energy company's stock after purchasing an additional 188,600 shares during the period. Renaissance Technologies LLC owned approximately 1.35% of Lightbridge worth $1,006,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Private Advisor Group LLC acquired a new position in shares of Lightbridge in the fourth quarter worth $627,000. Bank of Montreal Can purchased a new stake in Lightbridge during the 4th quarter worth about $118,000. Steward Partners Investment Advisory LLC acquired a new stake in Lightbridge in the 4th quarter valued at about $105,000. Virtu Financial LLC raised its position in Lightbridge by 118.8% in the 3rd quarter. Virtu Financial LLC now owns 27,905 shares of the energy company's stock valued at $78,000 after purchasing an additional 15,150 shares in the last quarter. Finally, LPL Financial LLC acquired a new position in shares of Lightbridge during the fourth quarter worth about $63,000. 9.14% of the stock is currently owned by institutional investors and hedge funds.

Lightbridge Trading Down 0.9 %

NASDAQ:LTBR traded down $0.08 during mid-day trading on Friday, hitting $9.26. The stock had a trading volume of 672,873 shares, compared to its average volume of 1,288,129. Lightbridge Co. has a twelve month low of $2.21 and a twelve month high of $16.90. The stock has a 50-day simple moving average of $8.45 and a two-hundred day simple moving average of $7.77. The company has a market capitalization of $193.40 million, a PE ratio of -12.35 and a beta of 1.74.

Lightbridge (NASDAQ:LTBR - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The energy company reported ($0.24) earnings per share (EPS) for the quarter.

Insider Transactions at Lightbridge

In other news, CFO Larry Goldman sold 18,303 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $14.09, for a total value of $257,889.27. Following the completion of the transaction, the chief financial officer now owns 150,900 shares in the company, valued at approximately $2,126,181. This represents a 10.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Andrey Mushakov sold 30,000 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $14.58, for a total transaction of $437,400.00. Following the completion of the transaction, the executive vice president now directly owns 159,893 shares in the company, valued at $2,331,239.94. This trade represents a 15.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.50% of the company's stock.

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.