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

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

Lightbridge Stock Performance

NASDAQ:LTBR opened at $8.72 on Friday. Lightbridge Corporation has a 52 week low of $6.92 and a 52 week high of $31.33. The firm has a market cap of $326.63 million, a price-to-earnings ratio of -11.04 and a beta of 2.14. The firm’s 50-day simple moving average is $8.68 and its 200 day simple moving average is $11.13.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightbridge in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Lightbridge currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Lightbridge

Several hedge funds and other institutional investors have recently modified their holdings of LTBR. Goldman Sachs Group Inc. lifted its position in shares of 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 last quarter. Geode Capital Management LLC grew its position in Lightbridge by 166.3% in the second quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company’s stock valued at $6,336,000 after acquiring an additional 295,890 shares during the last quarter. Cetera Investment Advisers acquired a new position in Lightbridge during the second quarter worth about $253,000. JPMorgan Chase & Co. raised its stake in Lightbridge by 1,610.9% during the second quarter. JPMorgan Chase & Co. now owns 9,410 shares of the energy company’s stock worth $126,000 after acquiring an additional 8,860 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in Lightbridge during the second quarter worth about $28,000. Institutional investors own 9.14% of the company’s stock.

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.