116,600 Shares in Lightbridge Corporation $LTBR Bought by Pilgrim Partners Asia Pte Ltd

Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Lightbridge Corporation (NASDAQ:LTBR) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 116,600 shares of the energy company’s stock, valued at approximately $2,473,000. Lightbridge makes up 1.1% of Pilgrim Partners Asia Pte Ltd’s investment portfolio, making the stock its 16th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. SBI Securities Co. Ltd. lifted its stake in shares of Lightbridge by 60.0% in 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 last quarter. Ameritas Investment Partners Inc. acquired a new stake in Lightbridge in the 2nd quarter valued at approximately $26,000. Legal & General Group Plc bought a new position in Lightbridge in the 2nd quarter worth approximately $28,000. Bank of Montreal Can lifted its holdings in shares of Lightbridge by 30.0% during the second quarter. Bank of Montreal Can now owns 13,000 shares of the energy company’s stock worth $174,000 after buying an additional 3,000 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in shares of Lightbridge in the third quarter valued at approximately $67,000. Institutional investors and hedge funds own 9.14% of the company’s stock.

Analysts Set New Price Targets

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

Lightbridge Stock Performance

Shares of NASDAQ LTBR opened at $15.98 on Tuesday. Lightbridge Corporation has a 52-week low of $6.00 and a 52-week high of $31.33. The stock has a market cap of $521.11 million, a P/E ratio of -19.97 and a beta of 1.84. The firm has a 50 day moving average price of $15.64 and a 200 day moving average price of $17.25.

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

Insider Activity

In other news, Director Sweta Chakraborty sold 1,947 shares of Lightbridge stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $12.88, for a total transaction of $25,077.36. Following the completion of the transaction, the director directly owned 39,606 shares in the company, valued at approximately $510,125.28. The trade was a 4.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 8,537 shares of company stock valued at $151,380 over the last ninety days. Company insiders own 5.80% of the company’s stock.

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.