Tortoise Investment Management LLC Buys 52,416 Shares of Lightbridge Corporation $LTBR

Tortoise Investment Management LLC grew its holdings in Lightbridge Corporation (NASDAQ:LTBR) by 32.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 215,937 shares of the energy company’s stock after buying an additional 52,416 shares during the quarter. Tortoise Investment Management LLC owned approximately 0.66% of Lightbridge worth $2,729,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Rathbones Group PLC lifted its holdings 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 buying an additional 850 shares during the period. LeConte Wealth Management LLC lifted its holdings 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 buying an additional 1,068 shares during the period. Rhumbline Advisers lifted its holdings in Lightbridge by 4.9% in the 3rd quarter. Rhumbline Advisers now owns 28,241 shares of the energy company’s stock worth $599,000 after buying an additional 1,325 shares during the period. Legal & General Group Plc purchased a new stake in Lightbridge in the 2nd quarter worth approximately $28,000. Finally, JPMorgan Chase & Co. lifted its holdings in Lightbridge by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,501 shares of the energy company’s stock worth $244,000 after buying an additional 2,091 shares during the period. Hedge funds and other institutional investors own 9.14% of the company’s stock.

Lightbridge Stock Down 5.2%

LTBR stock opened at $10.85 on Tuesday. Lightbridge Corporation has a twelve month low of $9.72 and a twelve month high of $31.33. The firm has a market cap of $381.38 million, a PE ratio of -14.09 and a beta of 2.18. The business has a 50 day moving average of $11.84 and a 200 day moving average of $14.56.

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

Wall Street Analyst Weigh In

LTBR has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Lightbridge in a report on Tuesday, April 21st. Wall Street Zen cut Lightbridge from a “sell” rating to a “strong sell” rating in a report on Sunday, April 12th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Lightbridge

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.