Horizon Kinetics Increases LandBridge Holdings by 133,188 Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 23 2025
0mins
Source: NASDAQ.COM
- Increased Holdings: Horizon Kinetics raised its stake in LandBridge by 133,188 shares in Q3, yet the net position value decreased by $71.14 million due to a decline in share price, indicating waning market confidence.
- Total Position Value: As of September 30, Horizon Kinetics held 5.63 million shares of LandBridge valued at $300.47 million, representing 3.66% of its 13F assets, reflecting a consistent investment strategy in asset-heavy companies.
- Financial Performance: LandBridge reported Q3 revenue of $50.8 million, up 78% year-over-year, with adjusted EBITDA reaching $44.9 million, demonstrating strong fundamentals despite poor stock performance.
- Market Comparison: LandBridge shares are currently priced at $52.57, down 10% over the past year, significantly underperforming the S&P 500's 15% gain, suggesting lower market expectations for future growth.
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Analyst Views on LB
Wall Street analysts forecast LB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LB is 71.00 USD with a low forecast of 57.00 USD and a high forecast of 90.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
2 Buy
3 Hold
0 Sell
Moderate Buy
Current: 58.560
Low
57.00
Averages
71.00
High
90.00
Current: 58.560
Low
57.00
Averages
71.00
High
90.00
About LB
LandBridge Company LLC owns approximately 277,000 surface acres across Texas and New Mexico, located primarily in the Delaware sub-region in the Permian Basin, the active region for oil and gas exploration and development in the United States. The Company actively manages its land and resources to support and encourage energy and infrastructure development and other land uses, including digital infrastructure. The Company’s assets consist mainly of fee surface acreage, oil and natural gas mineral interests, brackish water wells and ponds and related facilities. It owns surface acreage in and around the Delaware Basin across Andrews, Loving, Reeves, Pecos and Winkler Counties in Texas and Eddy and Lea Counties in New Mexico. The Company owns oil and natural gas mineral interests in Loving and Reeves Counties, Texas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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Horizon Kinetics Increases LandBridge Holdings by 133,188 Shares, Valued at $300 Million
- Share Increase: Horizon Kinetics Asset Management increased its position in LandBridge Company LLC by 133,188 shares in Q3, bringing total holdings to 5.63 million shares valued at $300.47 million, reflecting ongoing confidence in the company.
- Asset Allocation: Following the transaction, LandBridge accounted for 3.66% of Horizon Kinetics' 13F assets, highlighting its significance in the portfolio despite a 10% decline in stock price over the past year.
- Financial Performance: LandBridge reported Q3 revenue of $50.8 million, up 78% year-over-year, with adjusted EBITDA reaching $44.9 million and an impressive 88% margin, indicating strong growth potential in its operations.
- Strategic Financing: The recent $500 million senior notes offering and secondary share sale funded acreage expansion and alleviated near-term balance sheet pressure, demonstrating the company's strategic approach to resource management.
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