Rite Aid (RAD) Forms $1.65 Double Bottom; Deerfield Management Company Increased Its Lannet (LCI) Stake

Rite Aid Corporation (NYSE:RAD) Logo

Rite Aid Corporation (RAD) formed double bottom with $1.60 target or 3.00% below today’s $1.65 share price. Rite Aid Corporation (RAD) has $1.75 billion valuation. The stock increased 1.85% or $0.03 during the last trading session, reaching $1.65. About 13.81 million shares traded. Rite Aid Corporation (NYSE:RAD) has declined 67.83% since April 6, 2017 and is downtrending. It has underperformed by 79.38% the S&P500.

Deerfield Management Company increased Lannet Inc (LCI) stake by 86.98% reported in 2017Q4 SEC filing. Deerfield Management Company acquired 1.26 million shares as Lannet Inc (LCI)’s stock declined 38.88%. The Deerfield Management Company holds 2.72 million shares with $63.04 million value, up from 1.45M last quarter. Lannet Inc now has $580.90 million valuation. The stock decreased 0.65% or $0.1 during the last trading session, reaching $15.35. About 728,684 shares traded. Lannett Company, Inc. (NYSE:LCI) has declined 34.08% since April 6, 2017 and is downtrending. It has underperformed by 45.63% the S&P500.

Since December 13, 2017, it had 0 insider purchases, and 2 sales for $255,620 activity. $250,100 worth of Lannett Company, Inc. (NYSE:LCI) was sold by FARBER DAVID.

Investors sentiment decreased to 1.38 in 2017 Q4. Its down 0.10, from 1.48 in 2017Q3. It turned negative, as 17 investors sold LCI shares while 44 reduced holdings. 35 funds opened positions while 49 raised stakes. 36.87 million shares or 33.49% more from 27.62 million shares in 2017Q3 were reported. Ny State Teachers Retirement System owns 0% invested in Lannett Company, Inc. (NYSE:LCI) for 46,493 shares. Oak Assoc Limited Oh has invested 0.03% of its portfolio in Lannett Company, Inc. (NYSE:LCI). D E Shaw And Co stated it has 0% in Lannett Company, Inc. (NYSE:LCI). White Pine Cap Limited Company has invested 0.36% of its portfolio in Lannett Company, Inc. (NYSE:LCI). State Of Tennessee Treasury Department, Tennessee-based fund reported 23,622 shares. Rhumbline Advisers reported 71,329 shares stake. Pinebridge Invs Lp has 41,033 shares for 0.02% of their portfolio. Quantitative Invest Mngmt Ltd Llc owns 24,400 shares for 0.01% of their portfolio. Alliancebernstein Limited Partnership reported 112,760 shares stake. Sg Americas Securities Ltd holds 0.01% or 44,007 shares in its portfolio. Moreover, Gargoyle Investment Advisor Lc has 0.1% invested in Lannett Company, Inc. (NYSE:LCI) for 11,000 shares. M&T Financial Bank Corporation has 0.01% invested in Lannett Company, Inc. (NYSE:LCI) for 50,774 shares. Laurion Capital LP has 0% invested in Lannett Company, Inc. (NYSE:LCI). C M Bidwell Assoc owns 3,270 shares or 0.07% of their US portfolio. Amer International Gp Incorporated stated it has 22,844 shares or 0% of all its holdings.

Among 11 analysts covering Lannett (NYSE:LCI), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. Lannett had 30 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Thursday, June 8 by Oppenheimer. The stock has “Buy” rating by Craig Hallum on Thursday, August 27. Oppenheimer maintained the shares of LCI in report on Wednesday, August 23 with “Hold” rating. As per Thursday, February 8, the company rating was maintained by BMO Capital Markets. The firm has “Buy” rating by Roth Capital given on Tuesday, August 22. The rating was initiated by Susquehanna on Tuesday, July 21 with “Positive”. The firm has “Hold” rating by Deutsche Bank given on Wednesday, June 29. On Thursday, February 4 the stock rating was upgraded by Craig Hallum to “Buy”. The firm has “Buy” rating given on Thursday, September 3 by TH Capital. The stock of Lannett Company, Inc. (NYSE:LCI) has “Hold” rating given on Monday, July 17 by Deutsche Bank.

Deerfield Management Company decreased Anaptysbio Inc stake by 11,854 shares to 812,484 valued at $81.83M in 2017Q4. It also reduced Neos Therapeutics Inc stake by 823,154 shares and now owns 745,767 shares. Ascendis Pharma A S was reduced too.

Analysts await Rite Aid Corporation (NYSE:RAD) to report earnings on April, 24.

Rite Aid Corporation (NYSE:RAD) Institutional Positions Chart

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