Schwartz Investment Counsel Inc. grew its stake in LandBridge Co LLC (NYSE:LB – Free Report) by 617.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 422,168 shares of the company’s stock after buying an additional 363,345 shares during the quarter. Schwartz Investment Counsel Inc.’s holdings in LandBridge were worth $16,515,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Seven Grand Managers LLC raised its holdings in LandBridge by 14.3% in the 3rd quarter. Seven Grand Managers LLC now owns 100,000 shares of the company’s stock worth $3,912,000 after purchasing an additional 12,500 shares during the period. Ghisallo Capital Management LLC acquired a new position in LandBridge in the 2nd quarter worth about $1,158,000. Mad River Investors acquired a new position in LandBridge in the 3rd quarter worth about $9,097,000. Point72 DIFC Ltd acquired a new position in LandBridge in the 2nd quarter worth about $497,000. Finally, M&R Capital Management Inc. acquired a new position in LandBridge in the 3rd quarter worth about $39,000.
LandBridge Stock Up 2.6 %
LB stock opened at $54.07 on Friday. The firm has a 50 day moving average of $41.79. The stock has a market capitalization of $3.96 billion and a price-to-earnings ratio of 15.19. LandBridge Co LLC has a 1 year low of $18.75 and a 1 year high of $56.84.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on LB
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.
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