Lannett Co Inc (NYSE:LCI) was the recipient of unusually large options trading activity on Wednesday. Stock traders bought 28,361 put options on the company. This is an increase of approximately 4,497% compared to the typical volume of 617 put options.

Lannett Co (LCI) opened at $27.50 on Friday. The firm has a market cap of $962.40, a price-to-earnings ratio of 9.50, a P/E/G ratio of 2.13 and a beta of 2.73. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.52 and a quick ratio of 1.90. Lannett Co has a one year low of $14.90 and a one year high of $27.90.

Lannett Co (NYSE:LCI) last issued its quarterly earnings results on Monday, November 6th. The company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.52 by $0.08. Lannett Co had a net margin of 6.67% and a return on equity of 18.23%. The firm had revenue of $155.00 million for the quarter, compared to analysts’ expectations of $153.62 million. During the same period in the previous year, the firm posted $0.77 EPS. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. analysts predict that Lannett Co will post 2.99 earnings per share for the current year.

Several equities analysts have recently issued reports on LCI shares. Roth Capital set a $27.00 price target on shares of Lannett Co and gave the company a “buy” rating in a report on Tuesday, August 22nd. ValuEngine lowered shares of Lannett Co from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets boosted their price target on shares of Lannett Co from $20.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, November 13th. BidaskClub lowered shares of Lannett Co from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research lowered shares of Lannett Co from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $22.80.

In other Lannett Co news, CEO Arthur P. Bedrosian sold 7,422 shares of Lannett Co stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $25.20, for a total transaction of $187,034.40. Following the completion of the sale, the chief executive officer now owns 679,001 shares of the company’s stock, valued at approximately $17,110,825.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder David Farber sold 10,000 shares of Lannett Co stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $25.03, for a total transaction of $250,300.00. Following the sale, the insider now directly owns 4,211,069 shares of the company’s stock, valued at approximately $105,403,057.07. The disclosure for this sale can be found here. 15.04% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of LCI. State of Alaska Department of Revenue lifted its position in Lannett Co by 77.6% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,753 shares of the company’s stock worth $117,000 after buying an additional 2,513 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Lannett Co by 4.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,940 shares of the company’s stock worth $142,000 after buying an additional 300 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Lannett Co by 49.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,235 shares of the company’s stock worth $188,000 after buying an additional 3,061 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in Lannett Co during the 3rd quarter worth about $188,000. Finally, Hartford Investment Management Co. bought a new stake in Lannett Co during the 3rd quarter worth about $212,000. 96.83% of the stock is currently owned by hedge funds and other institutional investors.

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About Lannett Co

Lannett Company, Inc develops, manufactures, markets and distributes generic versions of brand pharmaceutical products. The Company manufactures and/or distributes prescription products with the exception of a small portfolio of over-the-counter products manufactured by its subsidiary, Silarx Pharmaceuticals, Inc As of June 30, 2016, the Company’s products included Acetazolamide Tablets; Butalbital, Acetaminophen and Caffeine Tablets; Butalbital, Aspirin and Caffeine Capsules; C-Topical Solution; Digoxin Tablets; Glycolax Rx; Isosorbide Mononitrate CR; Levothyroxine Sodium Tablets; Methylphenidate HCL CD; Methylphenidate ER; Nifedipine CR; Omeprazole DR; Oxbutynin ER; Pantoprazole DR; Pilocarpine HCl Tablets; Triamterene w/Hydrochlorothiazide Capsules, and Ursodiol Capsules.

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