American Century Companies Inc. Has $3.74 Million Stake in Lantheus Holdings, Inc. (LNTH)
American Century Companies Inc. increased its position in Lantheus Holdings, Inc. (NASDAQ:LNTH) by 120.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 210,158 shares of the medical equipment provider’s stock after purchasing an additional 114,924 shares during the quarter. American Century Companies Inc. owned 0.56% of Lantheus Holdings worth $3,741,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in Lantheus Holdings in the second quarter valued at $102,000. Municipal Employees Retirement System of Michigan acquired a new stake in Lantheus Holdings in the second quarter valued at $107,000. LS Investment Advisors LLC acquired a new stake in Lantheus Holdings in the second quarter valued at $112,000. Quantbot Technologies LP acquired a new stake in Lantheus Holdings in the second quarter valued at $117,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in Lantheus Holdings in the second quarter valued at $141,000. Institutional investors and hedge funds own 89.25% of the company’s stock.
Shares of Lantheus Holdings, Inc. (NASDAQ:LNTH) opened at $22.70 on Friday. The firm has a market cap of $855.14, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.81 and a beta of 0.92. Lantheus Holdings, Inc. has a twelve month low of $7.95 and a twelve month high of $24.10. The company has a current ratio of 2.96, a quick ratio of 2.46 and a debt-to-equity ratio of -3.41.
Lantheus Holdings (NASDAQ:LNTH) last issued its earnings results on Thursday, November 2nd. The medical equipment provider reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. The company had revenue of $79.94 million for the quarter, compared to analysts’ expectations of $77.18 million. Lantheus Holdings had a net margin of 9.59% and a negative return on equity of 46.45%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 earnings per share. sell-side analysts anticipate that Lantheus Holdings, Inc. will post 1.05 EPS for the current fiscal year.
In related news, Director David F. Burgstahler sold 91,166 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $17.01, for a total value of $1,550,733.66. Following the sale, the director now owns 13,248 shares of the company’s stock, valued at approximately $225,348.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David F. Burgstahler sold 230,685 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $17.25, for a total transaction of $3,979,316.25. Following the completion of the sale, the director now directly owns 13,248 shares in the company, valued at approximately $228,528. The disclosure for this sale can be found here. Insiders have sold 644,638 shares of company stock worth $11,079,593 over the last three months. 2.30% of the stock is owned by corporate insiders.
Several research firms recently issued reports on LNTH. Zacks Investment Research raised shares of Lantheus Holdings from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a report on Tuesday, November 7th. Jefferies Group LLC upped their price target on shares of Lantheus Holdings from $22.00 to $27.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Credit Suisse Group upped their price target on shares of Lantheus Holdings from $19.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Wells Fargo & Company raised shares of Lantheus Holdings from a “market perform” rating to an “outperform” rating in a report on Thursday, November 2nd. Finally, BidaskClub cut shares of Lantheus Holdings from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Lantheus Holdings has a consensus rating of “Buy” and an average price target of $24.50.
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About Lantheus Holdings
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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