Squarepoint Ops LLC Purchases New Position in Lightbridge Co. (NASDAQ:LTBR)

Squarepoint Ops LLC purchased a new stake in Lightbridge Co. (NASDAQ:LTBR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 11,629 shares of the energy company’s stock, valued at approximately $55,000. Squarepoint Ops LLC owned approximately 0.07% of Lightbridge as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Two Sigma Investments LP acquired a new stake in Lightbridge in the 4th quarter worth about $1,106,000. Renaissance Technologies LLC boosted its holdings in Lightbridge by 785.8% in the 4th quarter. Renaissance Technologies LLC now owns 212,600 shares of the energy company’s stock worth $1,006,000 after buying an additional 188,600 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Lightbridge by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 171,746 shares of the energy company’s stock worth $813,000 after buying an additional 6,830 shares during the last quarter. Private Advisor Group LLC acquired a new stake in Lightbridge in the 4th quarter worth about $627,000. Finally, Two Sigma Advisers LP acquired a new stake in Lightbridge in the 4th quarter worth about $466,000. Hedge funds and other institutional investors own 9.14% of the company’s stock.

Lightbridge Trading Down 14.6%

LTBR stock opened at $13.43 on Wednesday. The stock has a market cap of $308.63 million, a price-to-earnings ratio of -17.91 and a beta of 1.83. The business’s 50-day moving average is $10.47 and its 200 day moving average is $8.70. Lightbridge Co. has a 12-month low of $2.24 and a 12-month high of $17.70.

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

Insiders Place Their Bets

In other Lightbridge news, Director Jesse L. Funches sold 6,250 shares of the company’s 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 transaction, the director now directly owns 46,288 shares in the company, valued at $451,308. This represents a 11.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 6.50% of the stock is owned by insiders.

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.