Lantheus Holdings Inc (LNTH) Given Average Rating of “Hold” by Brokerages

Lantheus Holdings Inc (NASDAQ:LNTH) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $20.50.

LNTH has been the subject of several recent analyst reports. ValuEngine lowered Lantheus from a “hold” rating to a “sell” rating in a research note on Wednesday, October 31st. BidaskClub upgraded Lantheus from a “hold” rating to a “buy” rating in a research note on Wednesday, September 5th.

In related news, insider Cesare Orlandi sold 7,055 shares of Lantheus stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $18.01, for a total value of $127,060.55. Following the completion of the transaction, the insider now owns 86,064 shares in the company, valued at approximately $1,550,012.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in LNTH. BlackRock Inc. boosted its holdings in Lantheus by 20.1% in the 3rd quarter. BlackRock Inc. now owns 5,579,963 shares of the medical equipment provider’s stock worth $83,419,000 after buying an additional 933,791 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Lantheus by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,313,408 shares of the medical equipment provider’s stock worth $19,635,000 after buying an additional 13,565 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Lantheus by 11.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,133,607 shares of the medical equipment provider’s stock worth $16,494,000 after buying an additional 113,607 shares during the last quarter. LSV Asset Management boosted its holdings in Lantheus by 135.6% in the 3rd quarter. LSV Asset Management now owns 865,921 shares of the medical equipment provider’s stock worth $12,945,000 after buying an additional 498,435 shares during the last quarter. Finally, Teachers Advisors LLC boosted its holdings in Lantheus by 1.2% in the 3rd quarter. Teachers Advisors LLC now owns 796,251 shares of the medical equipment provider’s stock worth $11,904,000 after buying an additional 9,290 shares during the last quarter. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Shares of Lantheus stock opened at $18.21 on Wednesday. The company has a quick ratio of 2.87, a current ratio of 3.50 and a debt-to-equity ratio of 4.76. Lantheus has a twelve month low of $12.59 and a twelve month high of $24.45. The stock has a market capitalization of $721.22 million, a P/E ratio of 18.21, a price-to-earnings-growth ratio of 4.36 and a beta of 1.42.

Lantheus (NASDAQ:LNTH) last announced its quarterly earnings results on Tuesday, October 30th. The medical equipment provider reported $0.24 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.06. Lantheus had a return on equity of 83.95% and a net margin of 36.75%. The firm had revenue of $88.90 million during the quarter, compared to analyst estimates of $83.53 million. During the same quarter in the previous year, the business earned $0.24 EPS. Lantheus’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts forecast that Lantheus will post 0.86 earnings per share for the current fiscal year.

About Lantheus

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 worldwide. Its principal products include DEFINITY, an ultrasound contrast agent used in ultrasound exams of the heart; TechneLite, a technetium generator that provides the essential nuclear material used in nuclear medicine procedures; and Xenon, a radiopharmaceutical gas used to assess pulmonary function and imaging cerebral blood flow.

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