RPg Family Wealth Advisory LLC Cuts Stock Holdings in Lantheus Holdings, Inc. (NASDAQ:LNTH)

RPg Family Wealth Advisory LLC decreased its holdings in shares of Lantheus Holdings, Inc. (NASDAQ:LNTHGet Rating) by 51.5% in the 1st quarter, Holdings Channel reports. The firm owned 1,500 shares of the medical equipment provider’s stock after selling 1,594 shares during the period. RPg Family Wealth Advisory LLC’s holdings in Lantheus were worth $83,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. City State Bank purchased a new position in shares of Lantheus during the fourth quarter worth about $83,000. Nisa Investment Advisors LLC purchased a new stake in Lantheus in the fourth quarter worth approximately $144,000. Fairfield Bush & CO. purchased a new stake in Lantheus in the first quarter worth approximately $177,000. Pinnacle Associates Ltd. purchased a new stake in Lantheus in the fourth quarter worth approximately $204,000. Finally, Baker Tilly Wealth Management LLC purchased a new stake in Lantheus in the first quarter worth approximately $220,000. Hedge funds and other institutional investors own 97.14% of the company’s stock.

Insider Activity at Lantheus

In related news, CEO Mary Anne Heino sold 12,276 shares of the company’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $61.19, for a total value of $751,168.44. Following the sale, the chief executive officer now directly owns 695,115 shares of the company’s stock, valued at $42,534,086.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Lantheus news, CEO Mary Anne Heino sold 12,276 shares of the company’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $61.19, for a total value of $751,168.44. Following the sale, the chief executive officer now owns 695,115 shares in the company, valued at $42,534,086.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Andrea Sabens sold 386 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $69.12, for a total transaction of $26,680.32. Following the completion of the sale, the chief accounting officer now owns 64,255 shares in the company, valued at approximately $4,441,305.60. The disclosure for this sale can be found here. Insiders have sold 26,798 shares of company stock worth $1,676,307 over the last 90 days. 1.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on LNTH. Truist Financial upped their target price on Lantheus from $77.00 to $94.00 in a research note on Monday, May 2nd. SVB Leerink upped their target price on Lantheus from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, B. Riley started coverage on Lantheus in a research report on Monday, May 9th. They set a “buy” rating and a $91.00 price target on the stock.

Lantheus Price Performance

LNTH stock opened at $78.57 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.64 and a debt-to-equity ratio of 0.27. Lantheus Holdings, Inc. has a 12-month low of $22.20 and a 12-month high of $81.43. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 182.72 and a beta of 0.79. The firm’s 50-day moving average price is $67.85 and its two-hundred day moving average price is $55.56.

Lantheus (NASDAQ:LNTHGet Rating) last posted its earnings results on Thursday, August 4th. The medical equipment provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.25. Lantheus had a return on equity of 28.88% and a net margin of 4.88%. The firm had revenue of $223.80 million for the quarter, compared to analysts’ expectations of $204.51 million. During the same period in the previous year, the firm earned $0.11 earnings per share. The business’s revenue was up 121.4% compared to the same quarter last year. As a group, equities analysts predict that Lantheus Holdings, Inc. will post 2.84 earnings per share for the current year.

Lantheus Profile

(Get Rating)

Lantheus Holdings, Inc develops, manufactures, and commercializes diagnostic and therapeutic products that assist clinicians in the diagnosis and treatment of heart, cancer, and other diseases worldwide. It provides DEFINITY, a microbubble ultrasound enhancing agent used in ultrasound exams of the heart; TechneLite, a technetium generator for nuclear medicine; Xenon-133 to assess pulmonary function; Neurolite to identify the area within the brain where blood flow has been blocked or reduced due to stroke; Cardiolite, an injectable Tc-99m-labeled imaging agent; Thallium-201 to detect cardiovascular disease; and Gallium-67 to detect various infections and cancerous tumors.

See Also

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Institutional Ownership by Quarter for Lantheus (NASDAQ:LNTH)

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