Renaissance Technologies LLC Has $6.97 Million Holdings in Lightbridge Corporation $LTBR

Renaissance Technologies LLC grew its position in shares of Lightbridge Corporation (NASDAQ:LTBR) by 21.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 653,900 shares of the energy company’s stock after buying an additional 115,395 shares during the quarter. Renaissance Technologies LLC’s holdings in Lightbridge were worth $6,971,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Tortoise Investment Management LLC boosted its holdings in shares of Lightbridge by 32.1% in the 4th quarter. Tortoise Investment Management LLC now owns 215,937 shares of the energy company’s stock worth $2,729,000 after acquiring an additional 52,416 shares in the last quarter. Tempo Wealth LLC acquired a new stake in Lightbridge during the 4th quarter valued at $800,000. UBS Group AG increased its holdings in Lightbridge by 17.7% during the 4th quarter. UBS Group AG now owns 681,667 shares of the energy company’s stock valued at $8,616,000 after purchasing an additional 102,656 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in Lightbridge in the 4th quarter valued at $890,000. Finally, Inspire Investing LLC raised its position in Lightbridge by 31.9% in the 1st quarter. Inspire Investing LLC now owns 49,341 shares of the energy company’s stock valued at $526,000 after purchasing an additional 11,924 shares during the last quarter. Institutional investors and hedge funds own 9.14% of the company’s stock.

Lightbridge Price Performance

LTBR opened at $8.93 on Wednesday. Lightbridge Corporation has a one year low of $6.92 and a one year high of $31.33. The company’s 50 day simple moving average is $9.02 and its 200-day simple moving average is $11.56. The stock has a market capitalization of $313.89 million, a P/E ratio of -11.60 and a beta of 2.14.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LTBR. Weiss Ratings restated a “sell (d-)” rating on shares of Lightbridge in a report on Friday, July 17th. Wall Street Zen cut Lightbridge from a “sell” rating to a “strong sell” rating in a report on Sunday, April 12th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lightbridge presently has an average rating of “Sell”.

Lightbridge 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.