International Assets Investment Management LLC Makes New $1.84 Million Investment in LandBridge Co LLC (NYSE:LB)

International Assets Investment Management LLC acquired a new stake in shares of LandBridge Co LLC (NYSE:LB) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 46,944 shares of the company’s stock, valued at approximately $1,836,000.

A number of other hedge funds also recently made changes to their positions in the stock. Mad River Investors purchased a new stake in LandBridge in the third quarter worth approximately $9,097,000. Raymond James & Associates lifted its holdings in shares of LandBridge by 9.2% in the 3rd quarter. Raymond James & Associates now owns 229,350 shares of the company’s stock worth $8,972,000 after acquiring an additional 19,350 shares during the last quarter. Seven Grand Managers LLC boosted its stake in shares of LandBridge by 14.3% in the 3rd quarter. Seven Grand Managers LLC now owns 100,000 shares of the company’s stock valued at $3,912,000 after purchasing an additional 12,500 shares in the last quarter. Marshall Wace LLP bought a new position in shares of LandBridge during the 2nd quarter valued at $1,158,000. Finally, Ghisallo Capital Management LLC purchased a new position in LandBridge in the 2nd quarter worth $1,158,000.

Analyst Upgrades and Downgrades

LB has been the subject of several analyst reports. Citigroup upped their price target on shares of LandBridge from $31.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, September 12th. Janney Montgomery Scott started coverage on LandBridge in a research report on Thursday, July 25th. They set a “buy” rating and a $36.00 price target on the stock. Barclays lifted their price target on LandBridge from $29.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Pickering Energy Partners initiated coverage on LandBridge in a research note on Tuesday, July 23rd. They set an “outperform” rating for the company. Finally, Raymond James began coverage on shares of LandBridge in a report on Tuesday, July 23rd. They set an “outperform” rating and a $34.00 price target for the company. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, LandBridge has a consensus rating of “Moderate Buy” and a consensus price target of $36.57.

LandBridge Trading Up 0.3 %

NYSE:LB opened at $56.29 on Monday. The firm has a fifty day moving average of $43.77. LandBridge Co LLC has a twelve month low of $18.75 and a twelve month high of $58.24.

LandBridge 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.