Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lantheus Holdings Inc. shares valued at $33,130 were sold by Sabens Andrea on Sep 15. At $85.83 per share, Sabens Andrea sold 386 shares. The insider’s holdings dropped to 62,390 shares worth approximately $4.42 million following the completion of this transaction.
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Also, MARKISON BRIAN A sold 41,812 shares, netting a total of over 3,522,293 in proceeds. Following the sale of shares at $84.24 each, the insider now holds 32,608 shares.
Before that, McHugh Julie had sold 4,300 shares from its account. In a trade valued at $337,550, the Director traded Lantheus Holdings Inc. shares for $78.50 each. Upon closing the transaction, the insider’s holdings decreased to 4,300 shares, worth approximately $1.87 million.
As published in their initiating research note from B. Riley Securities on May 09, 2022, Lantheus Holdings Inc. [LNTH] has been a Buy and the price target has been revised to $91. This represents a 22.18% premium over Thursday’s closing price. Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of February 01, 2021, SVB Leerink has initiated its “an Outperform” rating for LNTH.
Analyzing LNTH’s Price Performance
On Thursday, Lantheus Holdings Inc. [NASDAQ: LNTH] plunged -3.25% to $70.82. The stock’s lowest price that day was $69.33, but it reached a high of $73.225 in the same session. During the last five days, there has been a drop of approximately -14.74%. Over the course of the year, Lantheus Holdings Inc. shares have jumped approximately 145.14%. Shares of the company reached a 52-week high of $87.47 on 09/14/22 and a 52-week low of $23.51 on 01/28/22. A 50-day SMA is recorded $78.32, while a 200-day SMA reached $55.89. Nevertheless, trading volume fell to 1.4 million shares from 0.79 million shares the previous day.
Support And Resistance Levels for Lantheus Holdings Inc. (LNTH)
According to the 24-hour chart, there is a support level at 69.03, which, if violated, would cause prices to drop to 67.23. In the upper region, resistance lies at 72.92. The next price resistance is at 75.02. RSI (Relative Strength Index) is 32.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.17, which suggests the price will decrease in the coming days. Percent R is at 91.79%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Lantheus Holdings Inc. subject to short interest?
Stocks of Lantheus Holdings Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.22 million shares to 2.55 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.33 million shares. A jump of 8.63% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.99 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.99.
Which companies own the most shares of Lantheus Holdings Inc. (LNTH)?
According to BlackRock Fund Advisors filings, the company currently owns 9,926,734 shares, which is about 14.44% of the total LNTH shares outstanding. The investor’s shares have plunged by -94,991 from its previous 13-F filing of 10021725.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $572,895,148. SSgA Funds Management, Inc. acquire a 0.31% interest valued at $188.61 million while T. Rowe Price Associates, Inc. sold a -268,335 stake. A total of 1,885,400 shares of Lantheus Holdings Inc. were sold by 1832 Asset Management LP during the quarter, and 144,091 were bought by Millennium Management LLC. In its current portfolio, Silvercrest Asset Management Grou holds 1,697,392 shares valued at $133.75 million.
In terms of Lantheus Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $103.20 in the next 12 months, up nearly 39.34% from the previous closing price of $73.20. Analysts anticipate Lantheus Holdings Inc. stock to reach $110.00 by 2022, with the lowest price target being $100.00. In spite of this, 5 analysts ranked Lantheus Holdings Inc. stock as a Buy at the end of 2022.