Lightbridge (NASDAQ:LTBR) Director Mark Robert Tobin Sells 15,000 Shares

Lightbridge Corporation (NASDAQ:LTBR) Director Mark Robert Tobin sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $8.99, for a total value of $134,850.00. Following the completion of the transaction, the director directly owned 66,669 shares in the company, valued at $599,354.31. The trade was a 18.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Lightbridge Stock Down 1.9%

Shares of NASDAQ:LTBR opened at $8.89 on Thursday. The firm’s 50 day moving average price is $8.72 and its 200-day moving average price is $11.19. Lightbridge Corporation has a twelve month low of $6.92 and a twelve month high of $31.33. The stock has a market capitalization of $333.02 million, a PE ratio of -11.25 and a beta of 2.14.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Lightbridge

A number of large investors have recently made changes to their positions in LTBR. Renaissance Technologies LLC grew its stake in shares of Lightbridge by 21.4% during the first quarter. Renaissance Technologies LLC now owns 653,900 shares of the energy company’s stock valued at $6,971,000 after buying an additional 115,395 shares during the last quarter. Tortoise Investment Management LLC lifted its stake in shares of Lightbridge by 32.1% during the 4th quarter. Tortoise Investment Management LLC now owns 215,937 shares of the energy company’s stock worth $2,729,000 after acquiring an additional 52,416 shares during the last quarter. UBS Group AG boosted its holdings in Lightbridge by 17.7% during the 4th quarter. UBS Group AG now owns 681,667 shares of the energy company’s stock valued at $8,616,000 after acquiring an additional 102,656 shares during the period. Tempo Wealth LLC purchased a new position in Lightbridge during the 4th quarter valued at $800,000. Finally, Foundations Investment Advisors LLC bought a new position in Lightbridge in the 4th quarter valued at $890,000. 9.14% of the stock is owned by hedge funds and other institutional investors.

Lightbridge Company 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.