5 Best Russell 2000 Stocks To Buy Now

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1. Lantheus Holdings, Inc. (NASDAQ:LNTH)

Number of Hedge Fund Holders: 46

Lantheus Holdings, Inc. (NASDAQ:LNTH) specializes in developing, manufacturing, and marketing diagnostic and therapeutic products to diagnose and treat different diseases, including heart and cancer conditions. Lantheus Holdings, Inc. (NASDAQ:LNTH) is one of the best Russell 2000 stocks to watch. On May 4, the company reported a Q1 non-GAAP EPS of $1.47 and a revenue of $300.78 million, topping Wall Street estimates by $0.18 and $20.12 million, respectively. Revenue for the period increased 44% on a year-over-year basis. 

According to Insider Monkey’s first quarter database, 46 hedge funds were bullish on Lantheus Holdings, Inc. (NASDAQ:LNTH), compared to 44 funds in the prior quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP is the largest stakeholder of the company, with 1 million shares worth about $90 million. 

Carillon Eagle Small Cap Growth Fund made the following comment about Lantheus Holdings, Inc. (NASDAQ:LNTH) in its Q4 2022 investor letter:

“Lantheus Holdings, Inc. (NASDAQ:LNTH) provides imaging diagnostics, targeted therapeutics, and artificial intelligence solutions used to fight serious medical conditions. Despite another strong quarterly update, the stock came under pressure due in part to investor concerns regarding a possible deceleration of revenue growth in the company’s leading product, Pylarify, as the company seems to have penetrated most of the early adopters of this imaging agent for prostate cancer. Later in the quarter, the company announced a strategic collaboration and exclusive licensing agreement for two late-stage therapeutic products used for the treatment of metastatic prostate cancer and neuroendocrine tumors. We believe approval of these products should help offset any significant declines in revenue growth of Pylarify.”

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