Lightbridge (NASDAQ:LTBR) Director Sells $24,575.04 in Stock

Lightbridge Corporation (NASDAQ:LTBR) Director Jesse Funches sold 1,449 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $16.96, for a total transaction of $24,575.04. Following the sale, the director owned 74,022 shares of the company’s stock, valued at $1,255,413.12. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Lightbridge Stock Performance

Shares of NASDAQ:LTBR opened at $16.51 on Monday. The company has a market capitalization of $538.37 million, a PE ratio of -20.64 and a beta of 1.84. The stock has a fifty day moving average of $16.25 and a 200-day moving average of $16.90. Lightbridge Corporation has a one year low of $5.01 and a one year high of $31.33.

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

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Trading of Lightbridge

Several hedge funds and other institutional investors have recently modified their holdings of the business. Exchange Traded Concepts LLC purchased a new position in Lightbridge during the 2nd quarter valued at about $7,856,000. Ameriprise Financial Inc. purchased a new position in Lightbridge during the third quarter valued at approximately $11,952,000. BNP Paribas Financial Markets grew its position in Lightbridge by 168.2% during the third quarter. BNP Paribas Financial Markets now owns 498,415 shares of the energy company’s stock valued at $10,571,000 after purchasing an additional 312,605 shares in the last quarter. Geode Capital Management LLC increased its stake in Lightbridge by 166.3% in the 2nd quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company’s stock valued at $6,336,000 after buying an additional 295,890 shares during the period. Finally, Two Sigma Investments LP lifted its position in Lightbridge by 93.1% in the 3rd quarter. Two Sigma Investments LP now owns 592,030 shares of the energy company’s stock worth $12,557,000 after buying an additional 285,471 shares in the last quarter. Institutional investors and hedge funds own 9.14% of the company’s stock.

About Lightbridge

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.