Exchange Traded Concepts LLC Purchases 126,121 Shares of Lightbridge Corporation $LTBR

Exchange Traded Concepts LLC grew its position in Lightbridge Corporation (NASDAQ:LTBR) by 21.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 713,742 shares of the energy company’s stock after buying an additional 126,121 shares during the quarter. Exchange Traded Concepts LLC owned 2.75% of Lightbridge worth $15,138,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Sara Bay Financial bought a new position in Lightbridge in the third quarter valued at approximately $201,000. FORA Capital LLC acquired a new stake in shares of Lightbridge in the 2nd quarter valued at $218,000. BNP Paribas Financial Markets bought a new position in shares of Lightbridge in the 2nd quarter valued at $2,484,000. Bank of America Corp DE raised its holdings in shares of Lightbridge by 184.3% during the 2nd quarter. Bank of America Corp DE now owns 12,867 shares of the energy company’s stock worth $172,000 after buying an additional 8,341 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Lightbridge during the 2nd quarter worth $53,000. Institutional investors and hedge funds own 9.14% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightbridge in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Insider Buying and Selling at Lightbridge

In other Lightbridge news, EVP Andrey Mushakov sold 25,093 shares of the business’s stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $25.06, for a total transaction of $628,830.58. Following the sale, the executive vice president directly owned 395,699 shares of the company’s stock, valued at $9,916,216.94. The trade was a 5.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Seth Grae sold 32,296 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $28.07, for a total transaction of $906,548.72. Following the completion of the transaction, the chief executive officer owned 753,316 shares of the company’s stock, valued at approximately $21,145,580.12. This trade represents a 4.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 92,195 shares of company stock valued at $2,411,535 in the last quarter. 5.80% of the stock is currently owned by corporate insiders.

Lightbridge Stock Up 5.6%

Shares of LTBR opened at $14.78 on Tuesday. The stock has a market cap of $481.98 million, a PE ratio of -18.47 and a beta of 1.86. Lightbridge Corporation has a 12-month low of $4.43 and a 12-month high of $31.33. The business has a 50-day simple moving average of $19.22 and a two-hundred day simple moving average of $16.82.

Lightbridge (NASDAQ:LTBR) last announced its quarterly earnings results on Wednesday, November 5th. The energy company reported ($0.16) EPS for the quarter.

Lightbridge Profile

Lightbridge Corporation is a nuclear energy technology company focused on developing advanced nuclear fuel designs to enhance the safety, efficiency and economic performance of existing and new nuclear power reactors. The company’s core technology centers on a patented metallic fuel system that replaces conventional uranium oxide fuel pellets with a uranium-zirconium alloy, configured in a helical rod design. This proprietary fuel form is intended to enable higher burnup rates, reduced fuel cycle costs and improved thermal conductivity, thereby addressing key challenges in the global nuclear industry.

Since its inception, Lightbridge has conducted extensive research and development in collaboration with national laboratories, regulatory agencies and reactor operators.