Lannett Co Inc (NYSE:LCI) Institutional Investor Sentiment Trend

July 17, 2017 - By Ellis Scott

 Lannett Co Inc (NYSE:LCI) Institutional Investor Sentiment Trend

Sentiment for Lannett Co Inc (NYSE:LCI)

Lannett Co Inc (NYSE:LCI) institutional sentiment decreased to 0.73 in 2016 Q4. Its down -0.63, from 1.36 in 2016Q3. The ratio turned negative, as 65 funds started new or increased positions, while 89 reduced and sold stock positions in Lannett Co Inc. The funds in our partner’s database now have: 32.74 million shares, up from 28.61 million shares in 2016Q3. Also, the number of funds holding Lannett Co Inc in their top 10 positions increased from 1 to 3 for an increase of 2. Sold All: 43 Reduced: 46 Increased: 45 New Position: 20.

Lannett Company, Inc. develops, manufactures, markets and distributes generic versions of brand pharmaceutical products. The company has market cap of $892.75 million. The Firm makes and/or distributes prescription products with the exception of a small portfolio of over-the-counter products manufactured by its subsidiary, Silarx Pharmaceuticals, Inc. It currently has negative earnings. As of June 30, 2016, the Company’s products included Acetazolamide Tablets; Butalbital, Acetaminophen and Caffeine Tablets; Butalbital, Aspirin and Caffeine Capsules; C-Topical Solution; Digoxin Tablets; Glycolax Rx; Isosorbide Mononitrate CR; Levothyroxine Sodium Tablets; Methylphenidate HCL CD; Methylphenidate ER; Nifedipine CR; Omeprazole DR; Oxbutynin ER; Pantoprazole DR; Pilocarpine HCl Tablets; Triamterene w/Hydrochlorothiazide Capsules, and Ursodiol Capsules.

The stock decreased 0.88% or $0.2 on July 17, reaching $22.5. About 420,937 shares traded. Lannett Company, Inc. (NYSE:LCI) has declined 2.16% since July 17, 2016 and is downtrending. It has underperformed by 18.86% the S&P500.

Analysts await Lannett Company, Inc. (NYSE:LCI) to report earnings on August, 22. They expect $0.86 earnings per share, up 17.81 % or $0.13 from last year’s $0.73 per share. LCI’s profit will be $34.12 million for 6.54 P/E if the $0.86 EPS becomes a reality. After $0.77 actual earnings per share reported by Lannett Company, Inc. for the previous quarter, Wall Street now forecasts 11.69 % EPS growth.

Telemus Capital Llc holds 18.43% of its portfolio in Lannett Company, Inc. for 6.16 million shares. Zpr Investment Management owns 190,710 shares or 7.29% of their US portfolio. Moreover, Muhlenkamp & Co Inc has 3.51% invested in the company for 504,379 shares. The Pennsylvania-based Snow Capital Management Lp has invested 2.51% in the stock. Deerfield Management Co, a New York-based fund reported 2.01 million shares.#img1#

Since January 1, 0001, it had 1 insider purchase, and 0 insider sales for $200,000 activity.

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

Ratings analysis reveals 67% of Lannett’s analysts are positive. Out of 9 Wall Street analysts rating Lannett, 6 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $3 while the high is $70. The stock’s average target of $42.07 is 86.98% above today’s ($22.5) share price. LCI was included in 21 notes of analysts from July 21, 2015. The company was maintained on Friday, March 11 by Roth Capital. The firm has “Buy” rating by TH Capital given on Thursday, September 3. Canaccord Genuity downgraded the stock to “Sell” rating in Thursday, March 24 report. The stock of Lannett Company, Inc. (NYSE:LCI) earned “Buy” rating by Roth Capital on Wednesday, August 26. The stock of Lannett Company, Inc. (NYSE:LCI) has “Outperform” rating given on Wednesday, August 24 by Raymond James. The firm has “Hold” rating given on Wednesday, June 29 by Deutsche Bank. Craig Hallum maintained the shares of LCI in report on Thursday, August 27 with “Buy” rating. The stock of Lannett Company, Inc. (NYSE:LCI) earned “Strong-Buy” rating by Zacks on Monday, September 7. The firm has “Hold” rating by Craig Hallum given on Thursday, November 5. The stock of Lannett Company, Inc. (NYSE:LCI) has “Buy” rating given on Thursday, September 3 by Roth Capital.

More notable recent Lannett Company, Inc. (NYSE:LCI) news were published by: Seekingalpha.com which released: “Lannett: Bullish Possibilities Despite Massive Short Interest” on June 27, 2017, also Prnewswire.com with their article: “Lannett Names Patrick G. LePore To Board of Directors” published on June 20, 2017, Prnewswire.com published: “Lannett Appoints Samuel H. Israel As General Counsel” on July 17, 2017. More interesting news about Lannett Company, Inc. (NYSE:LCI) were released by: Prnewswire.com and their article: “Lannett Receives Approval For Niacin Extended-Release Tablets USP, 500 Mg And …” published on June 19, 2017 as well as Fool.com‘s news article titled: “Here’s Why Lannett Company, Inc. Is Having a Lousy Day” with publication date: May 03, 2017.

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