Counterpoint Mutual Funds LLC Buys New Position in LandBridge Company LLC $LB

Counterpoint Mutual Funds LLC purchased a new position in shares of LandBridge Company LLC (NYSE:LB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,352 shares of the company’s stock, valued at approximately $499,000.

Several other large investors have also bought and sold shares of LB. NewEdge Advisors LLC grew its stake in shares of LandBridge by 110.6% in the 2nd quarter. NewEdge Advisors LLC now owns 398 shares of the company’s stock worth $27,000 after acquiring an additional 209 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in LandBridge by 805.9% during the third quarter. Jones Financial Companies Lllp now owns 1,232 shares of the company’s stock worth $67,000 after purchasing an additional 1,096 shares during the last quarter. Generali Investments Management Co LLC bought a new stake in LandBridge in the 2nd quarter worth about $117,000. Osaic Holdings Inc. increased its stake in LandBridge by 12.5% in the 2nd quarter. Osaic Holdings Inc. now owns 2,701 shares of the company’s stock valued at $183,000 after buying an additional 301 shares during the last quarter. Finally, Cetera Investment Advisers bought a new position in shares of LandBridge during the 2nd quarter worth approximately $218,000.

Insider Transactions at LandBridge

In other LandBridge news, insider Jason Thomas Long bought 2,143 shares of the stock in a transaction on Monday, January 5th. The shares were acquired at an average price of $46.59 per share, with a total value of $99,842.37. Following the acquisition, the insider directly owned 223,546 shares of the company’s stock, valued at $10,415,008.14. The trade was a 0.97% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Harrison Fenner Bolling bought 850 shares of the company’s stock in a transaction on Monday, January 5th. The shares were bought at an average price of $46.84 per share, for a total transaction of $39,814.00. Following the transaction, the insider owned 66,874 shares of the company’s stock, valued at approximately $3,132,378.16. This represents a 1.29% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 3,542 shares of company stock valued at $164,630 in the last quarter. Company insiders own 70.42% of the company’s stock.

LandBridge Stock Performance

Shares of LB opened at $66.04 on Wednesday. LandBridge Company LLC has a 1 year low of $43.75 and a 1 year high of $87.60. The company has a debt-to-equity ratio of 0.52, a current ratio of 4.15 and a quick ratio of 4.15. The stock’s fifty day moving average price is $56.28 and its two-hundred day moving average price is $56.53. The firm has a market cap of $5.14 billion, a PE ratio of 94.34 and a beta of 0.43.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group reaffirmed a “neutral” rating and issued a $65.00 target price on shares of LandBridge in a report on Monday, November 24th. Zacks Research downgraded LandBridge from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LandBridge in a research report on Friday, January 9th. Wells Fargo & Company lowered their target price on LandBridge from $91.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Finally, Janney Montgomery Scott lowered shares of LandBridge from a “buy” rating to a “neutral” rating in a research report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $73.33.

LandBridge Profile

LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials. The company was founded in 2021 and is based in Houston, Texas. LandBridge Company LLC operates as a subsidiary of LandBridge Holdings LLC.