JMP Securities analysts initates a Mkt outperform rating for Lantheus Holdings Inc. (LNTH)


Lantheus Holdings Inc.’s recent filing unveils that its President Blanchfield Paul unloaded Company’s shares for reported $26969.0 on Aug 21. In the deal valued at $66.10 per share,408 shares were sold. As a result of this transaction, Blanchfield Paul now holds 90,067 shares worth roughly $ 5.77 million.

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Then, Blanchfield Paul sold 1,500 shares, generating $97,785 in total proceeds. Upon selling the shares at $65.19, the President now owns 90,475 shares.

Before that, Marshall Robert J. Jr. sold 10,000 shares. Lantheus Holdings Inc. shares valued at $685,200 were divested by the CFO and Treasurer at a price of $68.52 per share. As a result of the transaction, Marshall Robert J. Jr. now holds 108,298 shares, worth roughly $6.94 million.

JMP Securities initiated its Lantheus Holdings Inc. [LNTH] rating to a Mkt outperform in a research note published on Monday, March 08, 2023; the price target was $120. PT values the company’s stock at a premium of 46.58 to its Monday closing price.

Price Performance Review of LNTH

On Monday, Lantheus Holdings Inc. [NASDAQ:LNTH] saw its stock fall -1.10% to $64.10. On the same session, the stock had its day’s lowest price of $63.74, but rose to a high of $65.08. Over the last five days, the stock has lost -1.91%. Lantheus Holdings Inc. shares have risen nearly 25.78% since the year began. Nevertheless, the stocks have fallen -22.83% over the past one year. While a 52-week high of $100.85 was reached on 05/12/23, a 52-week low of $47.46 was recorded on 01/09/23. SMA at 50 days reached $73.92, while 200 days put it at $73.87. A total of 0.8 million shares were traded, compared to the trading of 2.07 million shares in the previous session.

Levels Of Support And Resistance For LNTH Stock

The 24-hour chart illustrates a support level at 63.53, which if violated will result in even more drops to 62.97. On the upside, there is a resistance level at 64.87. A further resistance level may holdings at 65.65. The Relative Strength Index (RSI) on the 14-day chart is 38.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.49%. Stochastics %K at 41.69% indicates the stock is a holding.

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

A steep rise in short interest was recorded in Lantheus Holdings Inc. stocks on Aug 30, 2023, growing by 0.66 million shares to a total of 5.2 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 4.54 million shares. There was a rise of 12.69%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.98% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.58.

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

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 7,060,118 shares, or roughly 10.32% of the outstanding LNTH shares. In other words, the investor’s shares have risen by 56,950 from its previous 13-F filing of 7003168.0. Additionally, The Vanguard Group, Inc. decreased -2.45% of its stake after which the total value it holdings stand at $478,257,351, while AllianceBernstein LP reduced -6.68% of its stake to hold $181.75 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 10,952 shares of Lantheus Holdings Inc., while T. Rowe Price Associates, Inc. bought 229,534 shares. At present, Geode Capital Management LLC is holding 1,399,876 shares valued at $95.81 million. Dimensional Fund Advisors LP owned 1,362,204 shares of the company at the time of its most recent 13F filing, worth $93.23 million.

According to FactSet, Lantheus Holdings Inc.’s share price will average $121.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 92.87 percent from its previous closing price of $64.81. Analysts expect Lantheus Holdings Inc. stock to reach the higher price of $130.00, while the lowest price estimate is $110.00. However, 8 analysts have rated LNTH stock as a Buy in their predictions for 2023.


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