TIAA CREF Investment Management LLC decreased its position in shares of Lannett Co Inc (NYSE:LCI) by 3.7% during the first quarter, Holdings Channel reports. The fund owned 75,443 shares of the company’s stock after selling 2,939 shares during the period. TIAA CREF Investment Management LLC’s holdings in Lannett Co were worth $1,686,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Mason Street Advisors LLC increased its stake in shares of Lannett Co by 7.5% in the first quarter. Mason Street Advisors LLC now owns 6,870 shares of the company’s stock worth $154,000 after buying an additional 482 shares during the last quarter. Airain ltd acquired a new stake in shares of Lannett Co during the first quarter worth about $205,000. Neuberger Berman Group LLC acquired a new stake in shares of Lannett Co during the first quarter worth about $209,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of Lannett Co during the first quarter worth about $255,000. Finally, Louisiana State Employees Retirement System increased its stake in shares of Lannett Co by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the company’s stock worth $268,000 after buying an additional 200 shares during the last quarter. 95.14% of the stock is owned by hedge funds and other institutional investors.

Lannett Co Inc (LCI) opened at 16.35 on Thursday. The stock’s market cap is $608.71 million. The company’s 50 day moving average is $20.21 and its 200-day moving average is $21.35. Lannett Co Inc has a 1-year low of $16.05 and a 1-year high of $39.99.

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A number of equities research analysts have recently issued reports on LCI shares. Roth Capital set a $27.00 price objective on shares of Lannett Co and gave the company a “buy” rating in a research report on Tuesday, May 2nd. Zacks Investment Research raised shares of Lannett Co from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Saturday, April 22nd. BidaskClub downgraded shares of Lannett Co from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Deutsche Bank AG reissued a “hold” rating and set a $23.00 price objective (up previously from $22.00) on shares of Lannett Co in a research report on Monday, July 17th. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Lannett Co in a research report on Thursday, June 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Lannett Co presently has a consensus rating of “Hold” and a consensus target price of $27.50.

Lannett Co Company Profile

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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Institutional Ownership by Quarter for Lannett Co (NYSE:LCI)

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