Lightbridge (NASDAQ:LTBR) Announces Quarterly Earnings Results

Lightbridge (NASDAQ:LTBR) announced its quarterly earnings data on Monday. The energy company reported ($0.20) earnings per share (EPS) for the quarter, Zacks reports.

Lightbridge Trading Up 4.1%

LTBR traded up $0.52 during trading hours on Monday, hitting $13.13. 761,199 shares of the company’s stock were exchanged, compared to its average volume of 903,564. Lightbridge has a 12-month low of $8.52 and a 12-month high of $31.33. The firm has a 50 day moving average of $11.89 and a 200 day moving average of $15.71. The firm has a market cap of $454.95 million, a P/E ratio of -16.21 and a beta of 2.08.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wall Street Zen cut shares of Lightbridge from a “sell” rating to a “strong sell” rating in a research note on Sunday, April 12th. Weiss Ratings reaffirmed 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, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Insiders Place Their Bets

In related news, EVP Andrey Mushakov sold 30,289 shares of the company’s stock in a transaction that occurred 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 $6,447,088.74. This represents a 7.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Lightbridge

Several large investors have recently added to or reduced their stakes in LTBR. Invesco Ltd. purchased a new stake in shares of Lightbridge in the 2nd quarter valued at approximately $154,000. AQR Capital Management LLC purchased a new stake in shares of Lightbridge in the 4th quarter valued at approximately $152,000. Wellington Management Group LLP purchased a new stake in shares of Lightbridge in the 4th quarter valued at approximately $150,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Lightbridge in the 2nd quarter valued at approximately $137,000. Finally, Kestra Advisory Services LLC increased its position in shares of Lightbridge by 8.0% in the 4th 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. 9.14% of the stock is owned by hedge funds and other institutional investors.

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.