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

Tortoise Investment Management LLC boosted its stake in shares of Lightbridge Corporation (NASDAQ:LTBR) by 32.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,937 shares of the energy company’s stock after buying an additional 52,416 shares during the period. Tortoise Investment Management LLC’s holdings in Lightbridge were worth $2,729,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LTBR. Ameriprise Financial Inc. bought a new position in Lightbridge during the 3rd quarter valued at approximately $11,952,000. BNP Paribas Financial Markets increased its holdings in shares of Lightbridge by 168.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 498,415 shares of the energy company’s stock worth $10,571,000 after purchasing an additional 312,605 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Lightbridge by 166.3% in the 2nd quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company’s stock worth $6,336,000 after purchasing an additional 295,890 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of Lightbridge by 93.1% in the 3rd quarter. Two Sigma Investments LP now owns 592,030 shares of the energy company’s stock worth $12,557,000 after purchasing an additional 285,471 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Lightbridge by 19.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,487,461 shares of the energy company’s stock worth $31,549,000 after purchasing an additional 237,378 shares in the last quarter. Institutional investors own 9.14% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on LTBR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Lightbridge in a report on Tuesday, April 21st. Wall Street Zen lowered Lightbridge from a “sell” rating to a “strong sell” rating in a report on Sunday, April 12th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Lightbridge Trading Down 5.2%

Lightbridge stock opened at $10.85 on Tuesday. The firm has a market cap of $381.38 million, a price-to-earnings ratio of -14.09 and a beta of 2.18. The stock has a fifty day simple moving average of $11.84 and a two-hundred day simple moving average of $14.56. Lightbridge Corporation has a 12 month low of $9.72 and a 12 month high of $31.33.

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

Lightbridge 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.