As of Wednesday, Lantheus Holdings Inc.’s (NASDAQ:LNTH) stock closed at $75.89, down from $76.14 the previous day. While Lantheus Holdings Inc. has underperformed by -0.33%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LNTH rose by 185.19%, with highs and lows ranging from $78.17 to $22.20, whereas the simple moving average jumped by 64.51% in the last 200 days.
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On May 09, 2022, B. Riley Securities started tracking Lantheus Holdings Inc. (NASDAQ: LNTH) recommending Buy. A report published by Truist on April 13, 2022, Initiated its previous ‘Buy’ rating for LNTH. SVB Leerink also rated LNTH shares as ‘Outperform’, setting a target price of $24 on the company’s shares in an initiating report dated February 01, 2021. Jefferies Initiated an Buy rating on June 29, 2020, and assigned a price target of $29. CJS Securities August 16, 2019d its ‘Market Perform’ rating to ‘Market Outperform’ for LNTH, as published in its report on August 16, 2019. RBC Capital Mkts also rated the stock as ‘Outperform’.
Analysis of Lantheus Holdings Inc. (LNTH)
Further, the quarter-over-quarter increase in sales is 125.80%, showing a positive trend in the upcoming months.
One of the most important indicators of Lantheus Holdings Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of -7.50% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.60, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and LNTH is recording 1.23M average volume. On a monthly basis, the volatility of the stock is set at 6.21%, whereas on a weekly basis, it is put at 4.83%, with a gain of 2.36% over the past seven days. Furthermore, long-term investors anticipate a median target price of $92.00, showing growth from the present price of $75.89, which can serve as yet another indication of whether LNTH is worth investing in or should be passed over.
How Do You Analyze Lantheus Holdings Inc. Shares?
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.20%. This can enable you to see the extent to which executives own the company’s stock.
Are institutional investors increasing their holdings in LNTH shares?
The recent increase in stakes in LNTH appears to be a result of several institutional investors and hedge funds increasing their positions. BlackRock Fund Advisors’s position in LNTH has decreased by -0.06% in the first quarter. The company now owns 10,021,725 shares of the stock, with a value of $661.73 million, following the sale of -5,852 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in LNTH during the first quarter, upping its stake by 32.10%. During the last quarter, the company picked up 1,807,745 additional shares for a total stake of worth $491.18 million, bringing number of shares owned by the company to 7,438,724.
During the first quarter, T. Rowe Price Associates, Inc. added a 419,855 position in LNTH. Thrivent Asset Management LLC sold an additional -0.56 million shares in the last quarter, decreasing its holdings by -18.44%, now holding 2.49 million shares worth $164.34 million. At the end of the first quarter, SSgA Funds Management, Inc. decreased its LNTH holdings by -7.96% and now holds 2.39 million LNTH shares valued at $157.56 million with the lessened -0.21 million shares during the period.
