Lightbridge (NASDAQ:LTBR) Director Sweta Chakraborty Sells 1,246 Shares

Lightbridge Corporation (NASDAQ:LTBR) Director Sweta Chakraborty sold 1,246 shares of the stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $22.89, for a total value of $28,520.94. Following the sale, the director owned 45,449 shares of the company’s stock, valued at approximately $1,040,327.61. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Sweta Chakraborty also recently made the following trade(s):

• On Friday, August 15th, Sweta Chakraborty sold 20,000 shares of Lightbridge stock. The stock was sold at an average price of $15.15, for a total value of $303,000.00.

Lightbridge Trading Down 0.3%

Shares of Lightbridge stock opened at $23.09 on Thursday. The business has a 50-day moving average price of $16.52 and a two-hundred day moving average price of $13.14. Lightbridge Corporation has a 1-year low of $2.92 and a 1-year high of $24.78. The company has a market cap of $598.49 million, a P/E ratio of -27.82 and a beta of 1.93.

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

Institutional Trading of Lightbridge

Large investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Lightbridge in the 2nd quarter valued at about $26,000. Legal & General Group Plc acquired a new stake in shares of Lightbridge in the 2nd quarter valued at about $28,000. Stone House Investment Management LLC acquired a new stake in shares of Lightbridge in the 1st quarter valued at about $35,000. SBI Securities Co. Ltd. grew its stake in shares of Lightbridge by 60.0% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company’s stock valued at $41,000 after buying an additional 1,152 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its position in Lightbridge by 853.3% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 3,918 shares of the energy company’s stock valued at $52,000 after acquiring an additional 3,507 shares in the last quarter. 9.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightbridge in a report on Wednesday. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

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.