Lantheus Holdings Inc. (LNTH) Short Interest Update
Lantheus Holdings Inc. (NASDAQ:LNTH) was the recipient of a large increase in short interest in 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 daily volume of 726,403 shares, the short-interest ratio is presently 1.0 days. Currently, 6.4% of the company’s shares are short sold.
Institutional investors have recently made changes to their positions in the stock. Brigade Capital Management LP acquired a new position in shares of Lantheus Holdings during the second quarter worth approximately $5,219,000. Globeflex Capital L P acquired a new position in shares of Lantheus Holdings during the second quarter worth approximately $1,410,000. Spark Investment Management LLC boosted its position in shares of 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 acquired a new position in shares of Lantheus Holdings during the second quarter worth approximately $179,000. Finally, Oxford Asset Management acquired a new position in shares of Lantheus Holdings during the second quarter worth approximately $158,000. 30.15% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently commented on LNTH. Credit Suisse Group AG began coverage on shares of Lantheus Holdings in a research note on Friday, September 23rd. They set a “neutral” rating and a $8.00 price target for the company. Jefferies Group lifted their price target on shares of Lantheus Holdings from $8.00 to $12.00 and gave the stock a “buy” rating in a research note on Monday, August 29th. Finally, Zacks Investment Research raised shares of Lantheus Holdings from a “hold” rating to a “strong-buy” rating and set a $7.00 price target for the company in a research note on Monday, August 8th. Three 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 company has an average rating of “Buy” and an average price target of $7.40.
Shares of Lantheus Holdings (NASDAQ:LNTH) opened at 7.89 on Friday. Lantheus Holdings has a 52-week low of $1.76 and a 52-week high of $10.10. The firm has a 50-day moving average of $8.22 and a 200 day moving average of $4.20. The stock has a market capitalization of $239.75 million, a PE ratio of 8.91 and a beta of 0.39.
Lantheus Holdings (NASDAQ:LNTH) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $78 million for the quarter, compared to analysts’ expectations of $72.66 million. Equities research analysts forecast that Lantheus Holdings will post $0.55 EPS for the current fiscal year.
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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