UBS Group AG Increases Holdings in Lightbridge Corporation $LTBR

UBS Group AG boosted its stake in Lightbridge Corporation (NASDAQ:LTBR) by 17.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 681,667 shares of the energy company’s stock after purchasing an additional 102,656 shares during the period. UBS Group AG owned about 2.09% of Lightbridge worth $8,616,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Geneos Wealth Management Inc. increased its stake in Lightbridge by 7.0% in the 4th quarter. Geneos Wealth Management Inc. now owns 68,199 shares of the energy company’s stock worth $862,000 after purchasing an additional 4,487 shares during the period. Eagle Global Advisors LLC increased its stake in Lightbridge by 26.5% in the 4th quarter. Eagle Global Advisors LLC now owns 12,900 shares of the energy company’s stock worth $163,000 after purchasing an additional 2,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Lightbridge in the 4th quarter worth approximately $59,000. Rathbones Group PLC increased its stake in Lightbridge by 4.6% in the 4th quarter. Rathbones Group PLC now owns 19,232 shares of the energy company’s stock worth $243,000 after purchasing an additional 850 shares during the period. Finally, LeConte Wealth Management LLC increased its stake in Lightbridge by 9.6% in the 4th quarter. LeConte Wealth Management LLC now owns 12,222 shares of the energy company’s stock worth $154,000 after purchasing an additional 1,068 shares during the period. 9.14% of the stock is owned by hedge funds and other institutional investors.

Lightbridge Stock Performance

Shares of LTBR stock opened at $11.44 on Monday. The firm has a market cap of $402.12 million, a P/E ratio of -14.86 and a beta of 2.18. Lightbridge Corporation has a fifty-two week low of $9.72 and a fifty-two week high of $31.33. The business’s 50 day moving average price is $11.87 and its 200-day moving average price is $14.66.

Lightbridge (NASDAQ:LTBR) last issued its quarterly earnings data on Monday, April 27th. The energy company reported ($0.20) earnings per share for the quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on LTBR shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a research note on Tuesday, April 21st. Wall Street Zen cut Lightbridge from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 12th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

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.