Tempo Wealth LLC Invests $800,000 in Lightbridge Corporation $LTBR

Tempo Wealth LLC bought a new position in shares of Lightbridge Corporation (NASDAQ:LTBR) in the 4th quarter, HoldingsChannel.com reports. The firm bought 63,325 shares of the energy company’s stock, valued at approximately $800,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kestra Advisory Services LLC increased its stake in Lightbridge by 8.0% in the fourth quarter. Kestra Advisory Services LLC now owns 10,740 shares of the energy company’s stock valued at $136,000 after purchasing an additional 800 shares during the last quarter. Rathbones Group PLC lifted its position in shares of Lightbridge by 4.6% during 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 last quarter. LeConte Wealth Management LLC boosted its holdings in shares of Lightbridge by 9.6% in the 4th quarter. LeConte Wealth Management LLC now owns 12,222 shares of the energy company’s stock valued at $154,000 after buying an additional 1,068 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Lightbridge by 2.0% in the 4th quarter. Cetera Investment Advisers now owns 60,129 shares of the energy company’s stock valued at $760,000 after buying an additional 1,168 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Lightbridge by 4.9% in the 3rd quarter. Rhumbline Advisers now owns 28,241 shares of the energy company’s stock valued at $599,000 after buying an additional 1,325 shares during the last quarter. 9.14% of the stock is owned by institutional investors and hedge funds.

Lightbridge Price Performance

Shares of Lightbridge stock opened at $9.83 on Friday. The firm’s fifty day simple moving average is $11.57 and its 200-day simple moving average is $13.15. The stock has a market capitalization of $345.52 million, a price-to-earnings ratio of -12.77 and a beta of 2.09. Lightbridge Corporation has a 12 month low of $8.68 and a 12 month high of $31.33.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of Lightbridge from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Lightbridge in a research note on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently 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.