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

Tempo Wealth LLC acquired a new stake in Lightbridge Corporation (NASDAQ:LTBR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 63,325 shares of the energy company’s stock, valued at approximately $800,000. Tempo Wealth LLC owned 0.19% of Lightbridge as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its stake in Lightbridge by 601.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 91,620 shares of the energy company’s stock worth $683,000 after buying an additional 78,561 shares during the period. Geode Capital Management LLC grew its stake in shares of Lightbridge by 166.3% in the second quarter. Geode Capital Management LLC now owns 473,765 shares of the energy company’s stock worth $6,336,000 after acquiring an additional 295,890 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of Lightbridge in the second quarter worth $253,000. JPMorgan Chase & Co. increased its position in shares of Lightbridge by 1,610.9% during the second quarter. JPMorgan Chase & Co. now owns 9,410 shares of the energy company’s stock worth $126,000 after acquiring an additional 8,860 shares during the period. Finally, Legal & General Group Plc purchased a new stake in shares of Lightbridge during the second quarter worth $28,000. Institutional investors and hedge funds own 9.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LTBR. Wall Street Zen lowered Lightbridge from a “sell” rating to a “strong sell” rating in a report on Sunday, April 12th. Weiss Ratings restated a “sell (d-)” rating on shares of Lightbridge in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Lightbridge Stock Up 5.8%

NASDAQ LTBR opened at $9.83 on Friday. Lightbridge Corporation has a 52 week low of $8.68 and a 52 week high of $31.33. The firm has a 50 day moving average of $11.57 and a two-hundred day moving average of $13.15. The stock has a market capitalization of $345.52 million, a PE ratio of -12.77 and a beta of 2.09.

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

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.