Short Interest in Lantheus Holdings Inc (LNTH) Drops By 54.0%
Lantheus Holdings Inc (NASDAQ:LNTH) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 766,671 shares, a drop of 54.0% from the October 31st total of 1,667,007 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily volume of 669,755 shares, the days-to-cover ratio is currently 1.1 days.
Several research analysts recently weighed in on LNTH shares. BidaskClub lowered Lantheus from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 17th. ValuEngine lowered Lantheus from a “buy” rating to a “hold” rating in a research report on Friday. Wells Fargo & Company upgraded Lantheus from a “market perform” rating to an “outperform” rating in a research report on Thursday, November 2nd. Credit Suisse Group increased their price objective on Lantheus from $19.00 to $23.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Finally, Zacks Investment Research lowered Lantheus from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Lantheus currently has a consensus rating of “Buy” and an average target price of $24.50.
In related news, SVP Timothy G. Healey sold 11,314 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $21.51, for a total value of $243,364.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David F. Burgstahler sold 78,833 shares of the stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $16.95, for a total value of $1,336,219.35. Following the completion of the transaction, the director now owns 13,248 shares of the company’s stock, valued at $224,553.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 316,787 shares of company stock valued at $5,446,943. Insiders own 2.30% of the company’s stock.
Lantheus (NASDAQ LNTH) opened at $21.85 on Friday. Lantheus has a 52-week low of $7.95 and a 52-week high of $24.10. The company has a market capitalization of $819.51 and a price-to-earnings ratio of 20.40. 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 (NASDAQ:LNTH) last released its quarterly earnings results on Thursday, November 2nd. The medical equipment provider reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. Lantheus had a negative return on equity of 46.45% and a net margin of 9.59%. The business had revenue of $79.94 million during the quarter, compared to analyst estimates of $77.18 million. During the same period last year, the business posted $0.15 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. equities research analysts predict that Lantheus will post 1.05 EPS for the current year.
Lantheus Company 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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