Lantheus Holdings Inc. (NASDAQ:LNTH) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 718,477 shares, an increase of 28.4% from the August 31st total of 559,693 shares. Based on an average trading volume of 726,403 shares, the days-to-cover ratio is presently 1.0 days. Currently, 6.4% of the company’s shares are sold short.
Several research firms have issued reports on LNTH. Zacks Investment Research cut Lantheus Holdings from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Credit Suisse Group AG began coverage on Lantheus Holdings in a research note on Friday, September 23rd. They set a “neutral” rating and a $8.00 target price for the company. Finally, Jefferies Group raised their target price on Lantheus Holdings from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Monday, August 29th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $7.40.
Lantheus Holdings (NASDAQ:LNTH) opened at 8.20 on Friday. The stock’s 50 day moving average price is $8.43 and its 200 day moving average price is $4.42. The stock has a market capitalization of $249.17 million, a price-to-earnings ratio of 9.26 and a beta of 0.45. Lantheus Holdings has a 52-week low of $1.76 and a 52-week high of $10.10.
Lantheus Holdings (NASDAQ:LNTH) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.18. Lantheus Holdings had a net margin of 9.00% and a negative return on equity of 11.75%. The business had revenue of $78 million for the quarter, compared to analyst estimates of $72.66 million. On average, analysts forecast that Lantheus Holdings will post $0.55 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Paloma Partners Management Co bought a new position in Lantheus Holdings during the second quarter worth approximately $179,000. Brigade Capital Management LP bought a new position in Lantheus Holdings during the second quarter worth approximately $5,219,000. Spark Investment Management LLC raised its position in Lantheus Holdings by 33.2% in the second quarter. Spark Investment Management LLC now owns 141,300 shares of the company’s stock worth $518,000 after buying an additional 35,200 shares in the last quarter. TFS Capital LLC bought a new position in Lantheus Holdings during the second quarter worth approximately $156,000. Finally, Globeflex Capital L P bought a new position in Lantheus Holdings during the second quarter worth approximately $1,410,000. Institutional investors and hedge funds own 30.15% of the company’s stock.
Lantheus Holdings Company Profile
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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