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Seth Grae Sells 7,616 Shares of Lightbridge (NASDAQ:LTBR) Stock

Lightbridge logo with Energy background

Key Points

  • Seth Grae, CEO of Lightbridge Corporation, sold 7,616 shares of the company's stock for a total of $196,797.44, reducing his ownership by 1.00% to 753,316 shares valued at approximately $19.47 million.
  • Lightbridge's stock price closed at $22.08 following a decline of $1.74, with a market capitalization of $572.20 million and a P/E ratio of -26.60.
  • Weiss Ratings issued a "sell (d-)" rating for Lightbridge, indicating a negative outlook, as one analyst currently rates the stock with a Sell as part of a consensus rating of "Sell."
  • Five stocks we like better than Lightbridge.

Lightbridge Corporation (NASDAQ:LTBR - Get Free Report) CEO Seth Grae sold 7,616 shares of the stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $25.84, for a total value of $196,797.44. Following the completion of the transaction, the chief executive officer directly owned 753,316 shares of the company's stock, valued at $19,465,685.44. This trade represents a 1.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Lightbridge Price Performance

LTBR stock traded down $1.74 on Friday, reaching $22.08. The company's stock had a trading volume of 3,922,860 shares, compared to its average volume of 2,070,851. Lightbridge Corporation has a 52 week low of $3.09 and a 52 week high of $25.98. The company has a market capitalization of $572.20 million, a P/E ratio of -26.60 and a beta of 1.93. The firm has a fifty day moving average of $16.73 and a two-hundred day moving average of $13.24.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Lightbridge in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lightbridge presently has a consensus rating of "Sell".

Read Our Latest Stock Analysis on LTBR

Institutional Trading of Lightbridge

A number of hedge funds have recently modified their holdings of LTBR. Exchange Traded Concepts LLC purchased a new stake in shares of Lightbridge in the second quarter valued at $7,856,000. Geode Capital Management LLC lifted its holdings in shares of Lightbridge by 166.3% in the second quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company's stock valued at $6,336,000 after purchasing an additional 295,890 shares in the last quarter. Baird Financial Group Inc. purchased a new stake in shares of Lightbridge in the second quarter valued at $3,102,000. BNP Paribas Financial Markets purchased a new stake in shares of Lightbridge in the second quarter valued at $2,484,000. Finally, Tortoise Investment Management LLC lifted its holdings in shares of Lightbridge by 132.6% in the first quarter. Tortoise Investment Management LLC now owns 163,521 shares of the energy company's stock valued at $1,220,000 after purchasing an additional 93,225 shares in the last quarter. Hedge funds and other institutional investors own 9.14% of the company's stock.

Lightbridge Company Profile

(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.

Further Reading

Insider Buying and Selling by Quarter for Lightbridge (NASDAQ:LTBR)

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