Checking in on Lantheus Holdings Inc. (LNTH) after recent insiders movement

0
6
MDNA
MDNA

Lantheus Holdings Inc.’s filing revealed that its Chief Business Officer Montagut Etienne unloaded Company’s shares for reported $0.24 million on Oct 19. In the deal valued at $71.81 per share,3,324 shares were sold. As a result of this transaction, Montagut Etienne now holds 78,675 shares worth roughly $ 4.43 million.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored


Then, Marshall Robert J. Jr. sold 4,828 shares, generating $354,443 in total proceeds. Upon selling the shares at $73.41, the CFO and Treasurer now owns 126,065 shares.

Before that, Montagut Etienne sold 2,536 shares. Lantheus Holdings Inc. shares valued at $186,178 were divested by the Chief Business Officer at a price of $73.41 per share. As a result of the transaction, Montagut Etienne now holds 81,999 shares, worth roughly $4.61 million.

Mizuho initiated its Lantheus Holdings Inc. [LNTH] rating to a Buy in a research note published on Monday, October 13, 2022; the price target was $105. PT values the company’s stock at a premium of 46.4 to its Monday closing price. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in early May with a ‘”a Buy”‘ rating. Truist began covering LNTH with “Buy” recommendation on April 13, 2022. SVB Leerink started covering the stock on February 01, 2021. It rated LNTH as “an Outperform”.

Price Performance Review of LNTH

On Monday, Lantheus Holdings Inc. [NASDAQ:LNTH] saw its stock fall -7.13% to $56.28. On the same session, the stock had its day’s lowest price of $54.18, but rose to a high of $61.285. Over the last five days, the stock has lost -23.94%. Lantheus Holdings Inc. shares have risen nearly 94.81% since the year began. Nevertheless, the stocks have risen 94.61% over the past one year. While a 52-week high of $87.47 was reached on 09/14/22, a 52-week low of $23.51 was recorded on 01/28/22. SMA at 50 days reached $73.74, while 200 days put it at $62.69. A total of 2.66 million shares were traded, compared to the trading of 1.31 million shares in the previous session.

Levels Of Support And Resistance For LNTH Stock

The 24-hour chart illustrates a support level at 53.21, which if violated will result in even more drops to 50.14. On the upside, there is a resistance level at 60.32. A further resistance level may holdings at 64.35. The Relative Strength Index (RSI) on the 14-day chart is 27.92, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.86%. Stochastics %K at 6.15% indicates the stock is a buying.

How much short interest is there in Lantheus Holdings Inc.?

A steep rise in short interest was recorded in Lantheus Holdings Inc. stocks on Jul 14, 2022, growing by 0.22 million shares to a total of 2.55 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.33 million shares. There was a rise of 8.63%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.47% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.99.

Lantheus Holdings Inc. [LNTH] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 9,926,734 shares, or roughly 14.44% of the outstanding LNTH shares. In other words, the investor’s shares have fallen by -94,991 from its previous 13-F filing of 10021725.0. Additionally, The Vanguard Group, Inc. increased 29.11% of its stake after which the total value it holdings stand at $511,316,190, while SSgA Funds Management, Inc. added 0.31% of its stake to hold $168.34 million in the firm. Over the last quarter, T. Rowe Price Associates, Inc. sold -268,335 shares of Lantheus Holdings Inc., while 1832 Asset Management LP sold 1,885,400 shares. At present, Millennium Management LLC is holding 1,822,426 shares valued at $128.17 million. Silvercrest Asset Management Grou owned 1,697,392 shares of the company at the time of its most recent 13F filing, worth $119.38 million.

According to FactSet, Lantheus Holdings Inc.’s share price will average $100.57 in the next year, based on opinions of analysts polled by the firm. This is up nearly 71.62 percent from its previous closing price of $60.60. Analysts expect Lantheus Holdings Inc. stock to reach the higher price of $110.00, while the lowest price estimate is $85.00. However, 7 analysts have rated LNTH stock as a Buy in their predictions for 2022.

LEAVE A REPLY

Please enter your comment!
Please enter your name here