Lightbridge (NASDAQ:LTBR) Director Sweta Chakraborty Sells 1,948 Shares

Lightbridge Corporation (NASDAQ:LTBR) Director Sweta Chakraborty sold 1,948 shares of Lightbridge stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $15.47, for a total transaction of $30,135.56. Following the transaction, the director directly owned 41,553 shares in the company, valued at $642,824.91. This trade represents a 4.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, November 3rd, Sweta Chakraborty sold 1,948 shares of Lightbridge stock. The shares were sold at an average price of $26.73, for a total transaction of $52,070.04.
• On Wednesday, October 8th, Sweta Chakraborty sold 1,246 shares of Lightbridge stock. The stock was sold at an average price of $22.89, for a total transaction of $28,520.94.

Lightbridge Price Performance

Shares of LTBR stock traded up $0.55 during trading on Tuesday, hitting $15.72. 1,129,895 shares of the stock traded hands, compared to its average volume of 2,023,554. Lightbridge Corporation has a 52-week low of $4.37 and a 52-week high of $31.33. The firm has a market capitalization of $508.87 million, a P/E ratio of -18.94 and a beta of 1.81. The firm’s fifty day moving average price is $21.11 and its 200-day moving average price is $16.61.

Lightbridge (NASDAQ:LTBR) last posted its earnings results on Wednesday, November 5th. The energy company reported ($0.16) earnings per share (EPS) for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Lightbridge in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Lightbridge currently has an average rating of “Sell”.

Institutional Trading of Lightbridge

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. boosted its position in shares of Lightbridge by 60.0% during the second quarter. SBI Securities Co. Ltd. now owns 3,071 shares of the energy company’s stock worth $41,000 after buying an additional 1,152 shares during the period. Rhumbline Advisers lifted its stake in Lightbridge by 4.9% during the 3rd quarter. Rhumbline Advisers now owns 28,241 shares of the energy company’s stock worth $599,000 after acquiring an additional 1,325 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in Lightbridge during the 2nd quarter valued at about $26,000. Legal & General Group Plc purchased a new position in Lightbridge during the 2nd quarter valued at about $28,000. Finally, JPMorgan Chase & Co. grew its position in Lightbridge by 22.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,501 shares of the energy company’s stock valued at $244,000 after acquiring an additional 2,091 shares in the last quarter. Hedge funds and other institutional investors own 9.14% of the company’s stock.

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.