The Vanguard Group, Inc. recently announced the acquisition of new stake in Lightbridge Corporation (NASDAQ:LTBR). The institutional investor has increased its shareholding in the Industrials company by 0.38% to 0.45 million shares with purchase of 1728.0 shares. This fresh investment now brings its stake to 3.93% valued currently at $1.77 million. In addition, Geode Capital Management LLC raised its holdings by 10926.0 to 88384.0 shares. And Dimensional Fund Advisors LP has lifted its position by 68.42% or 34106.0 shares – to 83952.0 shares.
With over 0.1 million Lightbridge Corporation (LTBR) shares trading Tuesday and a closing price of $4.82 on the day, the dollar volume was approximately $0.5 million. The shares have shown a negative half year performance of -16.75% and its price on 01/24/23 gained nearly 7.59%. Currently, there are 11.09M common shares owned by the public and among those 11.05M shares have been available to trade.
The analysts have set the share’s price value over the next 12 months at a high of $126.00 and a low of $126.00. But an upside of 96.17% will see the stock hit the forecast high price target while median target price for the stock is $126.00.
Insiders at the company have transacted a total of 42 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 38 of these insider trades were purchases, accounting for 254,121 shares. Insider sales of the common stock occurred on 4 occasions, with total insider shares sold totaling 18,052 shares.
The top 3 mutual fund holders in Lightbridge Corporation are Vanguard Total Stock Market Index, Vanguard Extended Market Index Fu, and GR Noah. Vanguard Total Stock Market Index owns 0.35 million shares of the company’s stock, all valued at over $1.34 million. Vanguard Extended Market Index Fu bought 196.0 shares to see its total holdings expand to 0.11 million shares valued at over $0.42 million and representing 0.93% of the shares outstanding. GR Noah now owns shares totaling to 0.52% of the shares outstanding.
Shares of Lightbridge Corporation (NASDAQ: LTBR) opened at $4.47, down -$0.01 from a prior closing price of $4.48. However, the script later moved the day high at 4.8491, up 7.59%. The company’s stock has a 5-day price change of 8.80% and 4.78% over the past three months. LTBR shares are trading 23.91% year to date (YTD), with the 12-month market performance down to -14.99% lower. It has a 12-month low price of $3.62 and touched a high of $12.56 over the same period. LTBR has an average intraday trading volume of 46.28K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 15.77%, 6.47%, and -11.24% respectively.
Institutional ownership of Lightbridge Corporation (NASDAQ: LTBR) shares accounts for 8.30% of the company’s 11.09M shares outstanding. Mutual fund holders own 2.00%, while other institutional holders and individual stakeholders account for 6.20% and 15.36% respectively.
It has a market capitalization of $52.73M and a beta (3y monthly) value of 2.89. The earnings-per-share (ttm) stands at -$2.59. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.37% over the week and 6.41% over the month.
The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.