Tortoise Investment Management LLC Makes New $1.90 Million Investment in Lightbridge Corporation $LTBR

Tortoise Investment Management LLC bought a new position in shares of Lightbridge Corporation (NASDAQ:LTBR) in the second quarter, Holdings Channel reports. The fund bought 215,937 shares of the energy company’s stock, valued at approximately $1,898,000.

A number of other institutional investors also recently modified their holdings of LTBR. BlackRock Inc. acquired a new position in shares of Lightbridge in the second quarter valued at about $22,580,000. State Street Corp increased its position in Lightbridge by 318.0% during the fourth quarter. State Street Corp now owns 1,847,661 shares of the energy company’s stock worth $23,354,000 after acquiring an additional 1,405,608 shares during the period. Vanguard Group Inc. raised its stake in Lightbridge by 19.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,487,461 shares of the energy company’s stock worth $31,549,000 after purchasing an additional 237,378 shares in the last quarter. UBS Group AG raised its stake in Lightbridge by 17.7% in the 4th quarter. UBS Group AG now owns 681,667 shares of the energy company’s stock worth $8,616,000 after purchasing an additional 102,656 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Lightbridge by 27.4% in the 4th quarter. Geode Capital Management LLC now owns 670,661 shares of the energy company’s stock valued at $8,479,000 after purchasing an additional 144,102 shares during the period. Institutional investors own 9.14% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Lightbridge in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Insider Transactions at Lightbridge

In related news, Director Mark Robert Tobin sold 15,000 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $8.99, for a total value of $134,850.00. Following the completion of the transaction, the director owned 66,669 shares of the company’s stock, valued at $599,354.31. This represents a 18.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.40% of the stock is currently owned by corporate insiders.

Lightbridge Stock Down 3.6%

Lightbridge stock opened at $8.15 on Tuesday. The stock has a market cap of $305.30 million, a PE ratio of -10.32 and a beta of 2.14. Lightbridge Corporation has a 12-month low of $6.92 and a 12-month high of $31.33. The business’s 50-day moving average price is $8.63 and its two-hundred day moving average price is $11.01.

Lightbridge (NASDAQ:LTBR) last posted its earnings results on Wednesday, August 5th. The energy company reported ($0.18) EPS for the quarter.

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.