Lantheus Holdings Inc. (LNTH) Short Interest Update
Lantheus Holdings Inc. (NASDAQ:LNTH) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 1,233,437 shares, a growth of 35.9% from the October 14th total of 907,717 shares. Based on an average daily trading volume, of 517,868 shares, the short-interest ratio is presently 2.4 days. Currently, 7.5% of the company’s stock are sold short.
Shares of Lantheus Holdings (NASDAQ:LNTH) opened at 9.85 on Friday. The company has a 50-day moving average of $8.60 and a 200-day moving average of $5.67. The firm has a market capitalization of $351.88 million, a PE ratio of 11.74 and a beta of 0.48. Lantheus Holdings has a 1-year low of $1.76 and a 1-year high of $10.30.
A number of research firms have recently weighed in on LNTH. Royal Bank Of Canada raised their price target on shares of Lantheus Holdings from $6.00 to $12.00 and gave the company an “outperform” rating in a report on Tuesday, November 8th. Zacks Investment Research cut shares of Lantheus Holdings from a “buy” rating to a “hold” rating in a report on Saturday, November 5th. RBC Capital Markets raised their price target on shares of Lantheus Holdings from $6.00 to $12.00 and gave the company an “outperform” rating in a report on Tuesday, November 8th. Credit Suisse Group AG initiated coverage on shares of Lantheus Holdings in a report on Friday, September 23rd. They issued a “neutral” rating and a $8.00 price target on the stock. Finally, Jefferies Group reiterated a “buy” rating on shares of Lantheus Holdings in a research note on Friday, August 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $9.96.
Several hedge funds have recently added to or reduced their stakes in the company. Brigade Capital Management LP purchased a new stake in Lantheus Holdings during the second quarter worth $5,219,000. Acadian Asset Management LLC purchased a new stake in Lantheus Holdings during the third quarter worth $4,631,000. Globeflex Capital L P purchased a new stake in Lantheus Holdings during the second quarter worth $1,410,000. Spark Investment Management LLC raised its stake in Lantheus Holdings by 151.7% in the third quarter. Spark Investment Management LLC now owns 355,600 shares of the company’s stock worth $2,944,000 after buying an additional 214,300 shares during the last quarter. Finally, Monashee Investment Management LLC purchased a new stake in Lantheus Holdings during the third quarter worth $1,490,000. Hedge funds and other institutional investors own 31.73% 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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