Michael P. Duffy Sells 6,908 Shares of Lantheus Holdings Inc (NASDAQ:LNTH) Stock

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Lantheus Holdings Inc (NASDAQ:LNTH) insider Michael P. Duffy sold 6,908 shares of Lantheus stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $24.84, for a total value of $171,594.72. Following the completion of the transaction, the insider now owns 153,313 shares of the company’s stock, valued at $3,808,294.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NASDAQ:LNTH traded down $1.45 during trading hours on Friday, hitting $24.25. 208,123 shares of the stock traded hands, compared to its average volume of 322,159. The company has a quick ratio of 3.82, a current ratio of 4.57 and a debt-to-equity ratio of 3.16. Lantheus Holdings Inc has a fifty-two week low of $12.59 and a fifty-two week high of $26.40. The company has a market cap of $941.39 million, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 1.92 and a beta of 1.52.

Lantheus (NASDAQ:LNTH) last posted its quarterly earnings results on Tuesday, April 30th. The medical equipment provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. Lantheus had a net margin of 12.17% and a return on equity of 59.57%. The business had revenue of $86.51 million for the quarter, compared to analysts’ expectations of $86.80 million. Equities research analysts anticipate that Lantheus Holdings Inc will post 1.11 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in Lantheus by 4.0% in the fourth quarter. Victory Capital Management Inc. now owns 16,426 shares of the medical equipment provider’s stock worth $257,000 after purchasing an additional 639 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Lantheus by 2.0% during the fourth quarter. Bank of New York Mellon Corp now owns 451,564 shares of the medical equipment provider’s stock valued at $7,067,000 after acquiring an additional 9,033 shares during the period. Teachers Advisors LLC boosted its holdings in Lantheus by 1.2% during the third quarter. Teachers Advisors LLC now owns 796,251 shares of the medical equipment provider’s stock valued at $11,904,000 after acquiring an additional 9,290 shares during the period. Rhumbline Advisers boosted its holdings in Lantheus by 21.9% during the fourth quarter. Rhumbline Advisers now owns 106,191 shares of the medical equipment provider’s stock valued at $1,662,000 after acquiring an additional 19,089 shares during the period. Finally, BlackRock Inc. boosted its holdings in Lantheus by 20.1% during the third quarter. BlackRock Inc. now owns 5,579,963 shares of the medical equipment provider’s stock valued at $83,419,000 after acquiring an additional 933,791 shares during the period. Institutional investors and hedge funds own 92.98% of the company’s stock.

A number of equities research analysts have weighed in on the company. TheStreet upgraded Lantheus from a “c+” rating to a “b” rating in a research report on Monday, March 4th. Zacks Investment Research cut Lantheus from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. Finally, BidaskClub cut Lantheus from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $23.33.

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About Lantheus

Lantheus Holdings, Inc develops, manufactures, and commercializes diagnostic medical imaging agents and products that assist clinicians in the diagnosis and treatment of cardiovascular and other diseases worldwide. Its principal products include DEFINITY, a microbubble contrast agent used in ultrasound exams of the heart; and TechneLite, a technetium generator that provides the nuclear material used in nuclear medicine procedures.

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Insider Buying and Selling by Quarter for Lantheus (NASDAQ:LNTH)

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