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

Lightbridge Co. (NASDAQ:LTBR) was the recipient of unusually large options trading on Friday. Stock investors acquired 17,065 call options on the stock. This is an increase of 367% compared to the typical volume of 3,652 call options.

Insider Buying and Selling

In related news, Director Jesse L. Funches sold 6,250 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $9.75, for a total transaction of $60,937.50. Following the completion of the sale, the director now directly owns 46,288 shares of the company’s stock, valued at $451,308. This trade represents a 11.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 6.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of LTBR. Two Sigma Investments LP purchased a new position in Lightbridge in the fourth quarter worth $1,106,000. Renaissance Technologies LLC raised its position in Lightbridge by 785.8% in the fourth quarter. Renaissance Technologies LLC now owns 212,600 shares of the energy company’s stock worth $1,006,000 after acquiring an additional 188,600 shares in the last quarter. Private Advisor Group LLC purchased a new position in Lightbridge in the fourth quarter worth $627,000. Two Sigma Advisers LP purchased a new position in shares of Lightbridge in the fourth quarter valued at $466,000. Finally, Tortoise Investment Management LLC increased its position 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 buying an additional 93,225 shares in the last quarter. Hedge funds and other institutional investors own 9.14% of the company’s stock.

Lightbridge Stock Performance

NASDAQ:LTBR opened at $15.20 on Friday. The stock has a fifty day moving average price of $8.81 and a two-hundred day moving average price of $8.06. The stock has a market capitalization of $342.58 million, a price-to-earnings ratio of -20.27 and a beta of 1.75. Lightbridge has a 1 year low of $2.21 and a 1 year high of $16.90.

Lightbridge (NASDAQ:LTBR) last released its quarterly earnings data on Monday, May 12th. The energy company reported ($0.24) earnings per share (EPS) 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.