UBS Group AG lifted its position in shares of Lightbridge Corporation (NASDAQ:LTBR – Free Report) by 17.7% during the 4th quarter, HoldingsChannel reports. The firm owned 681,667 shares of the energy company’s stock after acquiring an additional 102,656 shares during the period. UBS Group AG’s holdings in Lightbridge were worth $8,616,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its position in shares of Lightbridge by 7.0% during the fourth quarter. Geneos Wealth Management Inc. now owns 68,199 shares of the energy company’s stock valued at $862,000 after purchasing an additional 4,487 shares in the last quarter. Eagle Global Advisors LLC boosted its position in shares of Lightbridge by 26.5% during the fourth quarter. Eagle Global Advisors LLC now owns 12,900 shares of the energy company’s stock valued at $163,000 after purchasing an additional 2,700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Lightbridge during the fourth quarter valued at approximately $59,000. Rathbones Group PLC boosted its position in shares of Lightbridge by 4.6% during the fourth quarter. Rathbones Group PLC now owns 19,232 shares of the energy company’s stock valued at $243,000 after purchasing an additional 850 shares in the last quarter. Finally, LeConte Wealth Management LLC boosted its position in shares of Lightbridge by 9.6% during the fourth quarter. LeConte Wealth Management LLC now owns 12,222 shares of the energy company’s stock valued at $154,000 after purchasing an additional 1,068 shares in the last quarter. 9.14% of the stock is currently owned by institutional investors.
Lightbridge Stock Performance
Lightbridge stock opened at $11.44 on Monday. The business’s fifty day simple moving average is $11.87 and its two-hundred day simple moving average is $14.66. Lightbridge Corporation has a 12 month low of $9.72 and a 12 month high of $31.33. The company has a market capitalization of $402.12 million, a price-to-earnings ratio of -14.86 and a beta of 2.18.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on LTBR shares. Wall Street Zen lowered Lightbridge from a “sell” rating to a “strong sell” rating in a research report on Sunday, April 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Lightbridge in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Lightbridge has an average rating of “Sell”.
View Our Latest Stock Analysis on Lightbridge
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.
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