Geode Capital Management LLC Sells 2,627 Shares of Lightbridge Co. (NASDAQ:LTBR)

Geode Capital Management LLC cut its position in Lightbridge Co. (NASDAQ:LTBR) by 1.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,916 shares of the energy company’s stock after selling 2,627 shares during the quarter. Geode Capital Management LLC’s holdings in Lightbridge were worth $462,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LTBR. State Street Corp lifted its stake in Lightbridge by 18.4% in the third quarter. State Street Corp now owns 38,579 shares of the energy company’s stock valued at $108,000 after acquiring an additional 6,000 shares during the last quarter. Verition Fund Management LLC bought a new position in Lightbridge during the third quarter worth about $288,000. Capital Market Strategies LLC acquired a new position in Lightbridge during the third quarter worth approximately $39,000. Finally, XTX Topco Ltd bought a new stake in Lightbridge in the third quarter valued at approximately $34,000. 9.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Lightbridge

In other Lightbridge news, CFO Larry Goldman sold 3,707 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $7.03, for a total value of $26,060.21. Following the transaction, the chief financial officer now directly owns 197,737 shares of the company’s stock, valued at $1,390,091.11. This represents a 1.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.50% of the company’s stock.

Lightbridge Stock Up 10.5 %

LTBR opened at $5.98 on Monday. The stock has a market cap of $94.29 million, a price-to-earnings ratio of -7.97 and a beta of 2.19. Lightbridge Co. has a 12-month low of $2.21 and a 12-month high of $14.20. The business has a 50 day moving average of $6.05 and a 200-day moving average of $4.49.

About Lightbridge

Lightbridge Corporation, together with its subsidiaries, engages in developing nuclear fuel technology. It develops and commercializes metallic nuclear fuels. The company was formerly known as Thorium Power, Ltd. and changed its name to Lightbridge Corporation in September 2009. Lightbridge Corporation is headquartered in Reston, Virginia.