Y Intercept Hong Kong Ltd Takes Position in Lightbridge Corporation $LTBR

Y Intercept Hong Kong Ltd purchased a new position in Lightbridge Corporation (NASDAQ:LTBR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 52,622 shares of the energy company’s stock, valued at approximately $1,116,000. Y Intercept Hong Kong Ltd owned approximately 0.20% of Lightbridge at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LTBR. LeConte Wealth Management LLC purchased a new position in Lightbridge in the third quarter worth about $237,000. Farther Finance Advisors LLC purchased a new stake in shares of Lightbridge during the third quarter valued at approximately $67,000. Exchange Traded Concepts LLC increased its position in shares of Lightbridge by 21.5% during the third quarter. Exchange Traded Concepts LLC now owns 713,742 shares of the energy company’s stock valued at $15,138,000 after acquiring an additional 126,121 shares in the last quarter. Sara Bay Financial bought a new position in Lightbridge in the 3rd quarter valued at approximately $201,000. Finally, FORA Capital LLC purchased a new stake in Lightbridge during the 2nd quarter valued at $218,000. 9.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Lightbridge

In other Lightbridge news, Director Sweta Chakraborty sold 1,948 shares of the stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $15.47, for a total value of $30,135.56. Following the transaction, the director directly owned 41,553 shares in the company, valued at approximately $642,824.91. This trade represents a 4.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Andrey Mushakov sold 30,289 shares of the business’s stock in a transaction on Thursday, January 29th. The shares were sold at an average price of $16.57, for a total transaction of $501,888.73. Following the sale, the executive vice president directly owned 389,082 shares of the company’s stock, valued at approximately $6,447,088.74. The trade was a 7.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,826 shares of company stock worth $653,268 in the last quarter. Company insiders own 6.50% of the company’s stock.

Lightbridge Trading Down 6.8%

NASDAQ:LTBR opened at $15.39 on Friday. The company has a market cap of $501.87 million, a PE ratio of -19.24 and a beta of 1.84. The company has a 50 day simple moving average of $15.73 and a two-hundred day simple moving average of $17.32. Lightbridge Corporation has a 12 month low of $6.10 and a 12 month high of $31.33.

Lightbridge (NASDAQ:LTBR) last issued its quarterly earnings data on Wednesday, November 5th. The energy company reported ($0.16) EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lightbridge in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Lightbridge currently has an average rating of “Sell”.

Lightbridge Company 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.