Malaga Cove Capital LLC Has $1.07 Million Holdings in LandBridge Company LLC $LB

Malaga Cove Capital LLC raised its holdings in LandBridge Company LLC (NYSE:LB) by 31.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,794 shares of the company’s stock after buying an additional 3,737 shares during the period. Malaga Cove Capital LLC’s holdings in LandBridge were worth $1,067,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LB. First Manhattan CO. LLC. raised its stake in LandBridge by 3.1% in the 1st quarter. First Manhattan CO. LLC. now owns 2,798,207 shares of the company’s stock valued at $201,303,000 after acquiring an additional 84,701 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of LandBridge by 5,290.4% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,193,279 shares of the company’s stock valued at $85,845,000 after purchasing an additional 1,171,142 shares during the period. Vanguard Group Inc. lifted its stake in shares of LandBridge by 17.1% during the 1st quarter. Vanguard Group Inc. now owns 697,748 shares of the company’s stock worth $50,196,000 after buying an additional 102,085 shares during the last quarter. Schwartz Investment Counsel Inc. boosted its holdings in shares of LandBridge by 1.6% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 519,668 shares of the company’s stock worth $35,119,000 after buying an additional 8,400 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of LandBridge by 1.6% during the first quarter. Raymond James Financial Inc. now owns 329,123 shares of the company’s stock worth $23,677,000 after acquiring an additional 5,155 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Raymond James Financial dropped their price target on shares of LandBridge from $85.00 to $75.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LandBridge in a report on Tuesday, October 14th. Piper Sandler reduced their target price on LandBridge from $70.00 to $55.00 and set a “neutral” rating on the stock in a report on Friday, August 15th. Zacks Research cut LandBridge from a “hold” rating to a “strong sell” rating in a research report on Friday, October 10th. Finally, Wells Fargo & Company decreased their price target on shares of LandBridge from $93.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, October 17th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, LandBridge has an average rating of “Hold” and a consensus price target of $65.17.

LandBridge Stock Performance

Shares of LandBridge stock opened at $66.25 on Friday. LandBridge Company LLC has a 1-year low of $48.55 and a 1-year high of $87.60. The company has a current ratio of 4.26, a quick ratio of 4.26 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $55.07 and a two-hundred day moving average price of $62.04. The company has a market cap of $5.07 billion, a P/E ratio of 129.90 and a beta of 0.15.

About LandBridge

LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials.