Lightbridge Corporation $LTBR Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. raised its position in Lightbridge Corporation (NASDAQ:LTBR) by 601.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 91,620 shares of the energy company’s stock after purchasing an additional 78,561 shares during the quarter. Goldman Sachs Group Inc. owned about 0.40% of Lightbridge worth $683,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Two Sigma Investments LP acquired a new position in Lightbridge in the 4th quarter valued at about $1,106,000. Tortoise Investment Management LLC raised its stake in shares of Lightbridge by 132.6% in the 1st quarter. Tortoise Investment Management LLC now owns 163,521 shares of the energy company’s stock valued at $1,220,000 after acquiring an additional 93,225 shares during the period. Two Sigma Advisers LP purchased a new stake in shares of Lightbridge in the 4th quarter valued at approximately $466,000. Northern Trust Corp raised its stake in shares of Lightbridge by 65.6% in the 4th quarter. Northern Trust Corp now owns 73,312 shares of the energy company’s stock valued at $347,000 after acquiring an additional 29,046 shares during the period. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Lightbridge in the 1st quarter valued at approximately $471,000. 9.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Andrey Mushakov sold 17,598 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $20.04, for a total value of $352,663.92. Following the sale, the executive vice president directly owned 395,699 shares of the company’s stock, valued at approximately $7,929,807.96. The trade was a 4.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sweta Chakraborty sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $15.15, for a total transaction of $303,000.00. Following the completion of the sale, the director directly owned 32,538 shares in the company, valued at $492,950.70. This trade represents a 38.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.50% of the stock is currently owned by insiders.

Lightbridge Stock Performance

Lightbridge stock opened at $18.66 on Thursday. The company’s 50 day simple moving average is $15.05 and its 200-day simple moving average is $12.26. The company has a market capitalization of $483.67 million, a price-to-earnings ratio of -22.48 and a beta of 1.89. Lightbridge Corporation has a 1 year low of $2.58 and a 1 year high of $21.70.

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

Lightbridge 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.