Lantheus (LNTH) Rating Lowered to Hold at BidaskClub

Lantheus (NASDAQ:LNTH) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other research analysts have also recently weighed in on the stock. Credit Suisse Group boosted their target price on shares of Lantheus from $19.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Jefferies Group restated a “buy” rating and set a $22.00 price target on shares of Lantheus in a research note on Thursday, October 12th. Wells Fargo & Company upgraded shares of Lantheus from a “market perform” rating to an “outperform” rating in a research note on Thursday, November 2nd. Zacks Investment Research upgraded shares of Lantheus from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research note on Tuesday, November 7th. Finally, ValuEngine cut shares of Lantheus from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $24.50.

Lantheus (NASDAQ LNTH) opened at $20.60 on Tuesday. The company has a debt-to-equity ratio of -3.41, a current ratio of 2.96 and a quick ratio of 2.46. The firm has a market cap of $755.75, a PE ratio of 17.99, a price-to-earnings-growth ratio of 1.60 and a beta of 0.94. Lantheus has a 52 week low of $7.95 and a 52 week high of $24.10.

Lantheus (NASDAQ:LNTH) last released its earnings results on Thursday, November 2nd. The medical equipment provider reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. The firm had revenue of $79.94 million for the quarter, compared to analysts’ expectations of $77.18 million. Lantheus had a net margin of 9.59% and a negative return on equity of 46.45%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.15 earnings per share. equities research analysts anticipate that Lantheus will post 1.05 EPS for the current year.

In related news, CFO John W. Crowley sold 6,755 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $18.41, for a total transaction of $124,359.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Timothy G. Healey sold 11,314 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $21.51, for a total transaction of $243,364.14. The disclosure for this sale can be found here. Insiders have sold a total of 29,986 shares of company stock worth $625,488 over the last 90 days. 2.30% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the stock. Marshall Wace North America L.P. increased its holdings in Lantheus by 1,214.5% during the 2nd quarter. Marshall Wace North America L.P. now owns 1,054,170 shares of the medical equipment provider’s stock worth $18,975,000 after acquiring an additional 973,977 shares during the period. Vanguard Group Inc. increased its holdings in Lantheus by 87.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,478,350 shares of the medical equipment provider’s stock worth $26,093,000 after acquiring an additional 689,954 shares during the period. State Street Corp increased its holdings in Lantheus by 3,932.8% during the 2nd quarter. State Street Corp now owns 617,014 shares of the medical equipment provider’s stock worth $10,891,000 after acquiring an additional 601,714 shares during the period. Peregrine Capital Management LLC bought a new stake in Lantheus during the 3rd quarter worth approximately $8,062,000. Finally, Ameriprise Financial Inc. bought a new stake in Lantheus during the 2nd quarter worth approximately $7,396,000. Institutional investors own 91.91% of the company’s stock.

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About Lantheus

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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