Mad River Investors purchased a new stake in LandBridge Co LLC (NYSE:LB – Free Report) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 232,550 shares of the company’s stock, valued at approximately $9,097,000. LandBridge comprises 5.0% of Mad River Investors’ investment portfolio, making the stock its 3rd largest holding.
A number of other large investors have also modified their holdings of LB. nVerses Capital LLC purchased a new stake in shares of LandBridge in the 3rd quarter valued at approximately $31,000. M&R Capital Management Inc. acquired a new stake in shares of LandBridge during the 3rd quarter worth about $39,000. Requisite Capital Management LLC acquired a new stake in shares of LandBridge in the 3rd quarter valued at about $293,000. Point72 DIFC Ltd acquired a new stake in shares of LandBridge during the second quarter worth about $497,000. Finally, Marshall Wace LLP acquired a new position in shares of LandBridge in the second quarter valued at approximately $1,158,000.
LandBridge Stock Performance
Shares of LB traded up $0.68 during trading hours on Wednesday, hitting $52.68. 133,183 shares of the company were exchanged, compared to its average volume of 350,247. The company has a market capitalization of $3.85 billion and a P/E ratio of 14.58. The company’s 50 day simple moving average is $41.00. LandBridge Co LLC has a 52 week low of $18.75 and a 52 week high of $56.84.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on LB
LandBridge Company Profile
LandBridge Company LLC owns and manages land and resources to support and enhance oil and natural gas development in the United States. It owns surface acres in and around the Delaware Basin in Texas and New Mexico. The company holds a portfolio of oil and gas royalties. It also sells brackish water and other surface composite materials.
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