Lightbridge Sees Unusually High Options Volume (NASDAQ:LTBR)

Lightbridge Corporation (NASDAQ:LTBR) saw unusually large options trading activity on Monday. Stock traders bought 5,132 call options on the company. This represents an increase of approximately 58% compared to the average volume of 3,251 call options.

Lightbridge Stock Performance

LTBR opened at $22.68 on Tuesday. The stock has a market capitalization of $587.75 million, a price-to-earnings ratio of -27.33 and a beta of 1.93. The company has a fifty day moving average of $16.15 and a 200 day moving average of $13.00. Lightbridge has a fifty-two week low of $2.91 and a fifty-two week high of $24.78.

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

Insider Activity at Lightbridge

In related news, Director Sweta Chakraborty sold 20,000 shares of Lightbridge stock in a transaction 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 transaction, the director owned 32,538 shares in the company, valued at approximately $492,950.70. The trade was a 38.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Andrey Mushakov sold 17,598 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $20.04, for a total transaction of $352,663.92. Following the completion of the transaction, the executive vice president directly owned 395,699 shares of the company’s stock, valued at $7,929,807.96. This represents a 4.26% decrease in their position. The disclosure for this sale can be found here. 6.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Lightbridge

Institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new stake in Lightbridge in the 2nd quarter worth approximately $26,000. Legal & General Group Plc purchased a new stake in Lightbridge during the second quarter valued at $28,000. Stone House Investment Management LLC bought a new position in Lightbridge during the first quarter valued at $35,000. SBI Securities Co. Ltd. grew its stake in shares of Lightbridge by 60.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company’s stock worth $41,000 after buying an additional 1,152 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Lightbridge by 853.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company’s stock worth $52,000 after buying an additional 3,507 shares during the last quarter. Hedge funds and other institutional investors own 9.14% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Lightbridge in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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.