New York State Teachers Retirement System Buys 2,800 Shares of Lantheus Holdings, Inc. (LNTH)
New York State Teachers Retirement System grew its stake in shares of Lantheus Holdings, Inc. (NASDAQ:LNTH) by 13.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 23,713 shares of the medical equipment provider’s stock after acquiring an additional 2,800 shares during the period. New York State Teachers Retirement System owned about 0.06% of Lantheus Holdings worth $422,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in LNTH. State of Alaska Department of Revenue acquired a new stake in shares of Lantheus Holdings during the 2nd quarter valued at $102,000. Municipal Employees Retirement System of Michigan acquired a new stake in Lantheus Holdings during the 2nd quarter valued at $107,000. LS Investment Advisors LLC acquired a new stake in Lantheus Holdings during the 2nd quarter valued at $112,000. Quantbot Technologies LP acquired a new stake in Lantheus Holdings during the 2nd quarter valued at $117,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in Lantheus Holdings during the 2nd quarter valued at $141,000. Institutional investors own 87.55% of the company’s stock.
LNTH has been the topic of several recent analyst reports. BidaskClub downgraded shares of Lantheus Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 17th. Credit Suisse Group boosted their target price on shares of Lantheus Holdings from $14.00 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised shares of Lantheus Holdings from a “hold” rating to a “strong-buy” rating and set a $18.00 target price on the stock in a research note on Thursday, August 3rd. Wells Fargo & Company raised shares of Lantheus Holdings from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 2nd. Finally, Jefferies Group LLC boosted their target price on shares of Lantheus Holdings from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $24.50.
In other news, CFO John W. Crowley sold 6,755 shares of the company’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $18.41, for a total value of $124,359.55. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David F. Burgstahler sold 230,685 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $17.25, for a total transaction of $3,979,316.25. Following the completion of the transaction, the director now directly owns 13,248 shares in the company, valued at $228,528. The disclosure for this sale can be found here. Insiders sold 621,407 shares of company stock worth $10,578,464 over the last ninety days. 2.30% of the stock is currently owned by company insiders.
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Shares of Lantheus Holdings, Inc. (NASDAQ LNTH) opened at $22.05 on Wednesday. The company has a debt-to-equity ratio of -3.41, a quick ratio of 2.46 and a current ratio of 2.96. Lantheus Holdings, Inc. has a one year low of $7.95 and a one year high of $24.10. The stock has a market cap of $825.13, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 1.80 and a beta of 0.92.
Lantheus Holdings (NASDAQ:LNTH) last announced its earnings results on Thursday, November 2nd. The medical equipment provider reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. Lantheus Holdings had a net margin of 9.59% and a negative return on equity of 46.45%. The company had revenue of $79.94 million for the quarter, compared to the consensus estimate of $77.18 million. During the same period in the previous year, the business earned $0.15 EPS. The company’s revenue was up 9.4% on a year-over-year basis. equities research analysts anticipate that Lantheus Holdings, Inc. will post 1.02 earnings per share for the current year.
Lantheus Holdings Profile
Lantheus Holdings, Inc is engaged in the development, manufacture and commercialization of diagnostic medical imaging agents and products that assist clinicians in the diagnosis and treatment of cardiovascular and other diseases. Its imaging agents and products are used across a range of imaging modalities, including echocardiography and nuclear imaging.
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