Seth Grae Sells 7,616 Shares of Lightbridge (NASDAQ:LTBR) Stock

Lightbridge Corporation (NASDAQ:LTBR) CEO Seth Grae sold 7,616 shares of the company’s stock in a transaction that occurred on Friday, October 10th. The stock was sold at an average price of $25.84, for a total value of $196,797.44. Following the sale, the chief executive officer owned 753,316 shares in the company, valued at approximately $19,465,685.44. This represents a 1.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lightbridge Stock Down 7.3%

Shares of Lightbridge stock opened at $22.08 on Friday. Lightbridge Corporation has a 12-month low of $3.09 and a 12-month high of $25.98. The stock has a market cap of $572.31 million, a P/E ratio of -26.60 and a beta of 1.93. The business’s 50 day moving average is $16.91 and its 200-day moving average is $13.37.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightbridge in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lightbridge currently has an average rating of “Sell”.

Institutional Investors Weigh In On Lightbridge

A number of large investors have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC bought a new position in Lightbridge during the 2nd quarter worth $7,856,000. Geneos Wealth Management Inc. bought a new position in Lightbridge during the 1st quarter worth $471,000. Goldman Sachs Group Inc. increased its position in Lightbridge by 601.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 91,620 shares of the energy company’s stock worth $683,000 after buying an additional 78,561 shares during the period. Rathbones Group PLC bought a new position in Lightbridge during the 1st quarter worth $139,000. Finally, OMERS ADMINISTRATION Corp bought a new position in Lightbridge during the 1st quarter worth $159,000. Institutional investors own 9.14% of the company’s stock.

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.