BlackRock Fund Advisors recently announced the acquisition of new stake in Lantheus Holdings Inc (NASDAQ:LNTH). The institutional investor has increased its shareholding in the Healthcare company by 1.32% to 7.15 million shares with purchase of 93399.0 shares. This fresh investment now brings its stake to 10.45% valued currently at $443.52 million. In addition, Janus Henderson Investors US LLC raised its holdings by 2.18 million to 3.06 million shares. And SSgA Funds Management, Inc. has lifted its position by 0.51% or 11882.0 shares – to 2.35 million shares.
Currently, there are 68.85M common shares owned by the public and among those 67.06M shares have been available to trade.
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Insiders at the company have transacted a total of 67 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 25 of these insider trades were purchases, accounting for 357,378 shares. Insider sales of the common stock occurred on 42 occasions, with total insider shares sold totaling 306,755 shares.
The top 3 mutual fund holders in Lantheus Holdings Inc are Vanguard Total Stock Market ETF, iShares Core S&P Mid Cap ETF, and iShares Russell 2000 ETF. Vanguard Total Stock Market ETF owns 2.15 million shares of the company’s stock, all valued at over $133.42 million. The company bought an additional 1882.0 shares recently to bring their total holdings to about 3.14% of the shares outstanding. iShares Core S&P Mid Cap ETF bought 1880.0 shares to see its total holdings expand to 2.08 million shares valued at over $129.02 million and representing 3.04% of the shares outstanding. iShares Russell 2000 ETF sold 4842.0 shares to bring its total holdings to over 1.83 million shares at a value of $113.23 million. iShares Russell 2000 ETF now owns shares totaling to 2.67% of the shares outstanding.
However, the script later moved the day high at 54.90, down -4.36%. The company’s stock has a 5-day price change of -5.10% and -24.61% over the past three months. LNTH shares are trading -15.35% year to date (YTD), with the 12-month market performance down to -1.76% lower. It has a 12-month low price of $52.69 and touched a high of $100.85 over the same period. LNTH has an average intraday trading volume of 1.24 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -12.16%, -19.67%, and -30.51% respectively.
Institutional ownership of Lantheus Holdings Inc (NASDAQ: LNTH) shares accounts for 104.89% of the company’s 68.85M shares outstanding. Mutual fund holders own 44.49%, while other institutional holders and individual stakeholders account for 60.76% and 4.11% respectively.
It has a market capitalization of $3.59B and a beta (3y monthly) value of 0.53. The stock’s trailing 12-month PE ratio is 36.75, while the earnings-per-share (ttm) stands at $1.43. The company has a PEG of 0.97 and a Quick Ratio of 5.05 with the debt-to-equity ratio at 0.88. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.55% over the week and 3.99% over the month.
Analysts forecast that Lantheus Holdings Inc (LNTH) will achieve an EPS of $1.43 for the current quarter, $1.51 for the next quarter and $6.24 for 2024. The lowest estimate earnings-per-share for the quarter is $1.35 while analysts give the company a high EPS estimate of $1.59. Comparatively, EPS for the current quarter was $1.37 a year ago. Earnings per share for the fiscal year are expected to increase by 39.68%, and 5.51% over the next financial year. EPS should grow at an annualized rate of 37.73% over the next five years, compared to -33.99% over the past 5-year period.
