Lantheus Holdings Inc. (LNTH) Trading 4.2% Higher
Lantheus Holdings Inc. (NASDAQ:LNTH) traded up 4.2% during mid-day trading on Monday . The stock traded as high as $8.75 and last traded at $8.70, with a volume of 413,018 shares traded. The stock had previously closed at $8.35.
Several equities research analysts recently issued reports on the company. Jefferies Group upped their price target on Lantheus Holdings from $8.00 to $12.00 and gave the stock a “buy” rating in a report on Monday, August 29th. Zacks Investment Research upgraded Lantheus Holdings from a “hold” rating to a “strong-buy” rating and set a $7.00 price target for the company in a report on Monday, August 8th. Finally, Credit Suisse Group AG set a $4.00 price objective on Lantheus Holdings and gave the stock a “hold” rating in a research report on Friday, August 5th. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $6.60.
The firm has a market cap of $258.29 million, a price-to-earnings ratio of 9.59 and a beta of 0.39. The firm has a 50-day moving average of $7.53 and a 200-day moving average of $3.91.
Lantheus Holdings (NASDAQ:LNTH) last released its earnings results on Thursday, August 4th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.18. The company earned $78 million during the quarter, compared to analysts’ expectations of $72.66 million. Lantheus Holdings had a negative return on equity of 11.75% and a net margin of 9.00%. Equities analysts expect that Lantheus Holdings Inc. will post $0.59 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LNTH. Brigade Capital Management LP purchased a new position in Lantheus Holdings during the second quarter worth approximately $5,219,000. Globeflex Capital L P purchased a new position in Lantheus Holdings during the second quarter worth approximately $1,410,000. Spark Investment Management LLC boosted its position in Lantheus Holdings by 541.2% in the first quarter. Spark Investment Management LLC now owns 106,100 shares of the company’s stock worth $200,000 after buying an additional 89,553 shares during the last quarter. Paloma Partners Management Co purchased a new position in Lantheus Holdings during the second quarter worth approximately $179,000. Finally, Oxford Asset Management purchased a new position in Lantheus Holdings during the second quarter worth approximately $158,000. Institutional investors own 35.29% of the company’s stock.
About Lantheus Holdings
Lantheus Holdings, Inc develops, manufactures and commercializes diagnostic medical imaging agents and products that assist clinicians in the diagnosis and treatment of cardiovascular and other diseases. The Company’s portfolio of approximately 10 commercial products is spread across a range of imaging modalities.
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