Telemus Capital LLC recently announced the acquisition of new stake in Lannett Company Inc. (NYSE:LCI). The institutional investor has increased its shareholding in the Healthcare company by 0.26% to 7.4 million shares with purchase of 19500.0 shares. This fresh investment now brings its stake to 17.21% valued currently at $3.85 million. In addition, The Vanguard Group, Inc. raised its holdings by 48823.0 to 0.74 million shares.
With over 0.14 million Lannett Company Inc. (LCI) shares trading Friday and a closing price of $0.64 on the day, the dollar volume was approximately $92437.12. The shares have shown a positive half year performance of 7.28% and its price on 01/13/23 gained nearly 8.79%. Currently, there are 40.94M common shares owned by the public and among those 36.86M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for LCI have a consensus price objective of $1.00. The analysts have set the share’s price value over the next 12 months at a high of $1.00 and a low of $1.00. The average price target is 36.0% above its recent price level and an upside to the estimated low will see the stock gain 36.0% over that period. But an upside of 36.0% will see the stock hit the forecast high price target while median target price for the stock is $1.00.
Insiders at the company have transacted a total of 32 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 381,059 shares. Insider sales of the common stock occurred on 17 occasions, with total insider shares sold totaling 111,975 shares.
The top 3 mutual fund holders in Lannett Company Inc. are Vanguard Extended Market Index Fu, Invesco FTSE RAFI US 1500 Small M, and Fidelity Extended Market Index Fu. Vanguard Extended Market Index Fu owns 0.49 million shares of the company’s stock, all valued at over $0.26 million. Invesco FTSE RAFI US 1500 Small M sold 322.0 shares to see its total holdings shrink to 0.39 million shares valued at over $0.2 million and representing 0.90% of the shares outstanding. Fidelity Extended Market Index Fu now owns shares totaling to 0.53% of the shares outstanding.
Shares of Lannett Company Inc. (NYSE: LCI) opened at $0.5699, down -$0.01 from a prior closing price of $0.58. However, the script later moved the day high at 0.6486, up 8.79%. The company’s stock has a 5-day price change of 12.48% and 43.46% over the past three months. LCI shares are trading 22.20% year to date (YTD), with the 12-month market performance down to -62.12% lower. It has a 12-month low price of $0.38 and touched a high of $1.69 over the same period. LCI has an average intraday trading volume of 182.25K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.72%, 9.16%, and 11.11% respectively.
Institutional ownership of Lannett Company Inc. (NYSE: LCI) shares accounts for 39.80% of the company’s 40.94M shares outstanding. Mutual fund holders own 37.85%, while other institutional holders and individual stakeholders account for 4.25% and 35.35% respectively.
It has a market capitalization of $25.21M and a beta (3y monthly) value of 1.00. The earnings-per-share (ttm) stands at -$5.85. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.04% over the week and 10.56% over the month.
Analysts forecast that Lannett Company Inc. (LCI) will achieve an EPS of -$0.45 for the current quarter, -$0.43 for the next quarter and -$1.33 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.46 while analysts give the company a high EPS estimate of -$0.45. Comparatively, EPS for the current quarter was -$0.27 a year ago. Earnings per share for the fiscal year are expected to increase by 37.80%, and 15.60% over the next financial year. EPS should grow at an annualized rate of 15.00% over the next five years, compared to -57.61% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Lannett Company Inc. (LCI) as a “Hold” at a consensus score of 3.00. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 2 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Deutsche Bank on their part issued Hold rating on June 29, 2016.