Lightbridge Co. (NASDAQ:LTBR) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its position in shares of Lightbridge Co. (NASDAQ:LTBR) by 65.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 73,312 shares of the energy company’s stock after acquiring an additional 29,046 shares during the period. Northern Trust Corp owned 0.46% of Lightbridge worth $347,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC bought a new position in shares of Lightbridge during the 4th quarter valued at about $38,000. Pilgrim Partners Asia Pte Ltd bought a new position in Lightbridge during the fourth quarter valued at approximately $56,000. LPL Financial LLC bought a new position in Lightbridge during the fourth quarter valued at approximately $63,000. Steward Partners Investment Advisory LLC bought a new position in Lightbridge during the fourth quarter valued at approximately $105,000. Finally, Bank of Montreal Can bought a new position in Lightbridge during the fourth quarter valued at approximately $118,000. Institutional investors own 9.14% of the company’s stock.

Insider Activity at Lightbridge

In other Lightbridge news, Director Jesse L. Funches sold 6,250 shares of the business’s stock in a transaction dated 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 approximately $451,308. The trade was a 11.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.50% of the stock is currently owned by company insiders.

Lightbridge Stock Down 0.6%

NASDAQ:LTBR opened at $14.86 on Monday. Lightbridge Co. has a 12 month low of $2.21 and a 12 month high of $17.70. The company’s 50 day moving average is $9.44 and its 200-day moving average is $8.31. The firm has a market cap of $341.50 million, a price-to-earnings ratio of -19.81 and a beta of 1.75.

Lightbridge (NASDAQ:LTBR) last issued its earnings results on Monday, May 12th. The energy company reported ($0.24) EPS for the quarter.

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.