International Assets Investment Management LLC Purchases Shares of 46,944 LandBridge Co LLC (NYSE:LB)

International Assets Investment Management LLC acquired a new position in shares of LandBridge Co LLC (NYSE:LB - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 46,944 shares of the company's stock, valued at approximately $1,836,000. International Assets Investment Management LLC owned about 0.06% of LandBridge at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. nVerses Capital LLC purchased a new position in LandBridge in the 3rd quarter valued at about $31,000. M&R Capital Management Inc. purchased a new position in shares of LandBridge during the third quarter valued at approximately $39,000. Requisite Capital Management LLC acquired a new stake in LandBridge during the third quarter worth approximately $293,000. Point72 DIFC Ltd purchased a new stake in LandBridge in the 2nd quarter worth approximately $497,000. Finally, Marshall Wace LLP acquired a new position in LandBridge in the 2nd quarter valued at $1,158,000.

Analyst Ratings Changes

A number of brokerages have recently commented on LB. Johnson Rice initiated coverage on LandBridge in a research report on Wednesday, July 24th. They issued a "buy" rating and a $35.00 price objective for the company. Raymond James began coverage on shares of LandBridge in a research note on Tuesday, July 23rd. They set an "outperform" rating and a $34.00 price objective for the company. Barclays boosted their target price on shares of LandBridge from $29.00 to $38.00 and gave the company an "equal weight" rating in a report on Tuesday, October 15th. Pickering Energy Partners started coverage on shares of LandBridge in a research note on Tuesday, July 23rd. They set an "outperform" rating on the stock. Finally, Janney Montgomery Scott assumed coverage on LandBridge in a report on Thursday, July 25th. They issued a "buy" rating and a $36.00 price objective on the stock. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, LandBridge currently has an average rating of "Moderate Buy" and a consensus price target of $36.57.

LandBridge Stock Performance

Shares of LandBridge stock traded down $0.10 during trading hours on Monday, hitting $56.19. 534,201 shares of the company's stock traded hands, compared to its average volume of 347,207. LandBridge Co LLC has a twelve month low of $18.75 and a twelve month high of $60.00. The stock has a 50 day moving average of $43.77. The stock has a market cap of $4.11 billion and a P/E ratio of 15.81.

About LandBridge

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.