Stratos Wealth Partners LTD. Takes $234,000 Position in LandBridge Co LLC (NYSE:LB)

Stratos Wealth Partners LTD. purchased a new position in LandBridge Co LLC (NYSE:LB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,626 shares of the company's stock, valued at approximately $234,000.

Other hedge funds also recently modified their holdings of the company. FMR LLC boosted its stake in LandBridge by 40.5% in the third quarter. FMR LLC now owns 2,378,121 shares of the company's stock valued at $93,032,000 after buying an additional 686,070 shares in the last quarter. Horizon Kinetics Asset Management LLC boosted its stake in LandBridge by 10.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 5,190,867 shares of the company's stock valued at $203,067,000 after buying an additional 484,968 shares in the last quarter. Schwartz Investment Counsel Inc. boosted its stake in LandBridge by 617.7% in the third quarter. Schwartz Investment Counsel Inc. now owns 422,168 shares of the company's stock valued at $16,515,000 after buying an additional 363,345 shares in the last quarter. Mad River Investors acquired a new stake in LandBridge in the third quarter valued at about $9,097,000. Finally, Cortland Associates Inc. MO acquired a new stake in LandBridge in the fourth quarter valued at about $9,727,000.

LandBridge Stock Up 0.8 %

Shares of LB traded up $0.53 during mid-day trading on Monday, reaching $70.02. 347,578 shares of the company were exchanged, compared to its average volume of 754,160. LandBridge Co LLC has a 52 week low of $18.75 and a 52 week high of $84.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.73 and a quick ratio of 0.73. The business has a 50 day simple moving average of $67.43 and a two-hundred day simple moving average of $55.74.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LB. Piper Sandler raised their price objective on LandBridge from $39.00 to $79.00 and gave the company a "neutral" rating in a research note on Monday, November 25th. Raymond James raised their price objective on LandBridge from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, January 28th. Royal Bank of Canada reaffirmed an "underperform" rating and issued a $25.00 price objective on shares of LandBridge in a research note on Tuesday, December 10th. The Goldman Sachs Group reissued a "buy" rating and set a $71.00 price target on shares of LandBridge in a research note on Friday, January 3rd. Finally, Barclays lifted their price target on LandBridge from $38.00 to $79.00 and gave the company an "equal weight" rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, LandBridge presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.33.

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.