Were Analysts Bullish Lannett Company, Inc. (NYSE:LCI) This Week?

September 16, 2018 - By Jason Dias

Investors sentiment decreased to 1.09 in Q2 2018. Its down 0.09, from 1.18 in 2018Q1. It dived, as 20 investors sold Lannett Company, Inc. shares while 46 reduced holdings. 31 funds opened positions while 41 raised stakes. 36.78 million shares or 1.73% more from 36.15 million shares in 2018Q1 were reported.
Pinnacle Assoc reported 16,435 shares. Envestnet Asset Inc reported 6,694 shares stake. First Manhattan Com holds 685 shares or 0% of its portfolio. 22,532 were accumulated by Amer International Grp. 3,000 are owned by Benjamin F Edwards. Jacobs Levy Equity Management Inc accumulated 82,506 shares. Sun Life Fin owns 2,469 shares. Sector Pension Invest Board holds 0% of its portfolio in Lannett Company, Inc. (NYSE:LCI) for 18,566 shares. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Lannett Company, Inc. (NYSE:LCI). State Street invested in 0% or 1.06 million shares. Brandywine Mgmt Ltd Liability Company invested 0% of its portfolio in Lannett Company, Inc. (NYSE:LCI). Pinnacle Hldg Llc stated it has 52,642 shares or 0% of all its holdings. Moreover, Telemus Ltd Liability has 8.52% invested in Lannett Company, Inc. (NYSE:LCI) for 8.11 million shares. Sterling Cap Management Ltd Liability Corp invested in 0% or 33,848 shares. Goldman Sachs reported 117,281 shares.

Since May 10, 2018, it had 4 insider buys, and 0 selling transactions for $552,230 activity. 25,000 Lannett Company, Inc. (NYSE:LCI) shares with value of $133,500 were bought by LEPORE PATRICK G.

Lannett Company, Inc. (NYSE:LCI) Ratings Coverage

Among 5 analysts covering Lannett (NYSE:LCI), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Lannett had 5 analyst reports since June 18, 2018 according to SRatingsIntel. The rating was downgraded by Raymond James to “Market Perform” on Tuesday, August 21. As per Monday, August 20, the company rating was downgraded by Craig Hallum. The rating was maintained by BMO Capital Markets on Tuesday, August 21 with “Market Perform”. Roth Capital downgraded the shares of LCI in report on Monday, August 20 to “Neutral” rating. Below is a list of Lannett Company, Inc. (NYSE:LCI) latest ratings and price target changes.

21/08/2018 Broker: BMO Capital Markets Old Rating: Market Perform New Rating: Market Perform Old Target: $19 New Target: $8 Maintain
21/08/2018 Broker: Raymond James Old Rating: Outperform New Rating: Market Perform Old Target: $43 Downgrade
20/08/2018 Broker: Craig Hallum Old Rating: Buy New Rating: Hold Downgrade
20/08/2018 Broker: Roth Capital Old Rating: Buy New Rating: Neutral Old Target: $27.5 Downgrade
18/06/2018 Broker: Deutsche Bank Rating: Hold

The stock decreased 0.96% or $0.05 during the last trading session, reaching $5.15. About 1.55 million shares traded or 7.25% up from the average. Lannett Company, Inc. (NYSE:LCI) has declined 71.47% since September 16, 2017 and is downtrending. It has underperformed by 87.09% the S&P500.

Lannett Company, Inc. develops, manufactures, packages, markets, and distributes generic versions of brand pharmaceutical products in the United States. The company has market cap of $200.34 million. The firm offers solid oral, extended release, topical, nasal, and oral solution finished dosage forms of drugs that address a range of therapeutic areas, as well as ophthalmic, patch, foam, buccal, sublingual, soft gel, and injectable dosages. It has a 6.87 P/E ratio. It also provides its products for various medical indications comprising glaucoma, cholesterol, muscle spasm, migraine, pain management, cardiovascular, antipsychosis, gastrointestinal, urinary, bronchospasms, respiratory, gallstone, congestive heart failure, thyroid deficiency, central nervous system, and gout.

More notable recent Lannett Company, Inc. (NYSE:LCI) news were published by: Fool.com which released: “Here’s Why Lannett Company Fell as Much as 14.8% Today” on August 23, 2018, also Globenewswire.com with their article: “SHAREHOLDER ALERT: TSLA LCI CBS ORCL LOGM NLSN ZN RMTI HMNY SKX: The Law Offices of Vincent Wong …” published on September 13, 2018, Globenewswire.com published: “SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Lannett …” on August 29, 2018. More interesting news about Lannett Company, Inc. (NYSE:LCI) were released by: Globenewswire.com and their article: “The Klein Law Firm Reminds Investors of Class Actions on Behalf of Shareholders of LCI, ACAD and FB” published on September 13, 2018 as well as Businesswire.com‘s news article titled: “Robbins Arroyo LLP: Lannett Company (LCI) Misled Shareholders According to a Recently Filed Class Action” with publication date: September 13, 2018.

Lannett Company, Inc. (NYSE:LCI) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.