Lantheus Holdings Inc (LNTH) Receives $20.50 Average PT from Analysts

Lantheus Holdings Inc (NASDAQ:LNTH) has earned an average rating of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $20.50.

LNTH has been the topic of a number of research analyst reports. ValuEngine upgraded Lantheus from a “sell” rating to a “hold” rating in a report on Monday, August 20th. BidaskClub downgraded Lantheus from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th.

In other Lantheus news, insider Cesare Orlandi sold 7,055 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of $18.01, for a total transaction of $127,060.55. Following the transaction, the insider now owns 86,064 shares in the company, valued at approximately $1,550,012.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of LNTH. Bank of Montreal Can purchased a new position in shares of Lantheus during the 2nd quarter worth approximately $2,427,000. Acadian Asset Management LLC purchased a new position in shares of Lantheus during the 2nd quarter worth approximately $829,000. Piedmont Investment Advisors LLC purchased a new position in shares of Lantheus during the 2nd quarter worth approximately $104,000. Massachusetts Financial Services Co. MA purchased a new position in shares of Lantheus during the 2nd quarter worth approximately $972,000. Finally, Wedge Capital Management L L P NC grew its holdings in shares of Lantheus by 18.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 103,101 shares of the medical equipment provider’s stock worth $1,500,000 after acquiring an additional 15,761 shares during the period. Hedge funds and other institutional investors own 92.39% of the company’s stock.

Shares of NASDAQ:LNTH opened at $16.94 on Wednesday. Lantheus has a 1 year low of $12.59 and a 1 year high of $24.45. The stock has a market cap of $668.52 million, a P/E ratio of 20.69, a price-to-earnings-growth ratio of 4.04 and a beta of 1.44. The company has a current ratio of 3.50, a quick ratio of 2.87 and a debt-to-equity ratio of 4.76.

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

Lantheus 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 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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