Landbridge Company LLC (NYSE:LB)’s traded shares stood at 0.33 million during the last session. At the close of trading, the stock’s price was $65.42, to imply a decrease of -1.87% or -$1.25 in intraday trading. The LB share’s 52-week high remains $84.70, putting it -29.47% down since that peak but still an impressive 71.34% since price per share fell to its 52-week low of $18.75. The company has a valuation of $5.17B, with an average of 1.04 million shares in intraday trading volume over the past 10 days and average of 629.86K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Landbridge Company LLC (LB), translating to a mean rating of 1.78. Of 11 analyst(s) looking at the stock, 0 analyst(s) give LB a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 8 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.33.
Landbridge Company LLC (NYSE:LB) trade information
After registering a -1.87% downside in the last session, Landbridge Company LLC (LB) has traded red over the past five days. The 5-day price performance for the stock is 0.85%, and -9.74% over 30 days. With these gigs, the year-to-date price performance is 1.27%. Short interest in Landbridge Company LLC (NYSE:LB) saw shorts transact 3.55 million shares and set a 7.23 days time to cover.
The extremes give us $34 and $39 for target low and target high price respectively. As such, LB has been trading 40.39% off suggested target high and 48.03% from its likely low.
Revenue forecast for the current quarter as set by 6 analysts is 38.27M. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 43.53M.
LB Dividends
Landbridge Company LLC has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Landbridge Company LLC has a forward dividend ratio of 0.10, with the share yield ticking at 0.15% to continue the rising pattern observed over the past year.
Landbridge Company LLC (NYSE:LB)’s Major holders
Landbridge Company LLC insiders hold 4.21% of total outstanding shares, with institutional holders owning 74.34% of the shares at 77.61% float percentage. In total, 74.34% institutions holds shares in the company.
We also have Horizon Kinetics Inflation Beneficiaries ETF and Kinetics Portfolio Trust-Kinetics Master New Paradigm Portfolio as the top two Mutual Funds with the largest holdings of the Landbridge Company LLC (LB) shares. Going by data provided on Sep 30, 2024 , Horizon Kinetics Inflation Beneficiaries ETF holds roughly 1.5 shares. This is just over 6.44% of the total shares, with a market valuation of $97.94 million. Data from the same date shows that the other fund manager holds a little less at 898.97, or 3.87% of the shares, all valued at about 58.81 million.
