Landbridge Company LLC (NYSE:LB) has seen 1.24 million shares traded in the last trading session. The company, currently valued at $1.47B, closed the last trade at $73.51 per share which meant it lost -$3.95 on the day or -5.10% during that session. The LB stock price is -6.67% off its 52-week high price of $78.41 and 74.49% above the 52-week low of $18.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.65 million shares traded. The 3-month trading volume is 385.18K shares.
The consensus among analysts is that Landbridge Company LLC (LB) is Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 11 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight.
Landbridge Company LLC (NYSE:LB) trade information
Sporting -5.10% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the LB stock price touched $73.51 or saw a rise of 8.1%. Year-to-date, Landbridge Company LLC shares have moved 217.54%, while the 5-day performance has seen it change 10.21%. Over the past 30 days, the shares of Landbridge Company LLC (NYSE:LB) have changed 40.74%. Short interest in the company has seen 1.1 million shares shorted with days to cover at 3.33.
Wall Street analysts have a consensus price target for the stock at $46, which means that the shares’ value could drop -59.8% from current levels. The projected low price target is $34.0 while the price target rests at a high of $100.0. In that case, then, we find that the current price level is -36.04% off the targeted high while a plunge would see the stock lose 53.75% from current levels.
LB Dividends
Landbridge Company LLC is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Landbridge Company LLC (NYSE:LB)’s Major holders
Insiders own 3.09% of the company shares, while shares held by institutions stand at 92.48% with a share float percentage of 95.42%. Investors are also buoyed by the number of investors in a company, with Landbridge Company LLC having a total of 72.0 institutions that hold shares in the company.
Also the top two Mutual Funds that are holding company’s shares are Kinetics Portfolio Trust-Kinetics Master New Paradigm Portfolio and Fidelity Small Cap Value Fund . As of Sep 30, 2024 , the former fund manager holds about 5.16% shares in the company for having 898.97 shares of worth $66.08 million while later fund manager owns 554.68 shares of worth $40.77 million as of Aug 31, 2024 , which makes it owner of about 3.18% of company’s outstanding stock.
