Lantheus Holdings Inc. (NASDAQ:LNTH) had its target price hoisted by research analysts at Royal Bank Of Canada from $6.00 to $12.00 in a research note issued on Tuesday. The firm presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target suggests a potential upside of 23.08% from the stock’s current price.
Other research analysts have also issued reports about the stock. Credit Suisse Group AG set a $4.00 price target on shares of Lantheus Holdings and gave the company a “hold” rating in a research report on Friday, August 5th. Zacks Investment Research upgraded shares of Lantheus Holdings from a “hold” rating to a “strong-buy” rating and set a $7.00 price target for the company in a research report on Monday, August 8th. Finally, Jefferies Group restated a “buy” rating on shares of Lantheus Holdings in a research report on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $9.96.
Lantheus Holdings (NASDAQ:LNTH) opened at 9.75 on Tuesday. The company’s 50-day moving average price is $8.95 and its 200 day moving average price is $6.18. The company has a market capitalization of $348.31 million, a price-to-earnings ratio of 11.62 and a beta of 0.48. Lantheus Holdings has a 12 month low of $1.76 and a 12 month high of $10.85.
In related news, Director David F. Burgstahler sold 2,500,000 shares of the company’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $9.00, for a total value of $22,500,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.33% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Alambic Investment Management L.P. acquired a new stake in Lantheus Holdings during the third quarter valued at $292,000. Acadian Asset Management LLC acquired a new stake in Lantheus Holdings during the third quarter valued at $4,631,000. Paloma Partners Management Co acquired a new stake in Lantheus Holdings during the second quarter valued at $179,000. Brigade Capital Management LP acquired a new stake in Lantheus Holdings during the second quarter valued at $5,219,000. Finally, Spark Investment Management LLC increased its stake in Lantheus Holdings by 33.2% in the second quarter. Spark Investment Management LLC now owns 141,300 shares of the company’s stock valued at $518,000 after buying an additional 35,200 shares in the last quarter. Institutional investors own 35.42% of the company’s stock.
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