Mylan (NASDAQ:MYL) Stake Increased by Arizona State Retirement System

Arizona State Retirement System boosted its position in shares of Mylan (NASDAQ:MYL) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 201,944 shares of the company’s stock after acquiring an additional 7,742 shares during the period. Arizona State Retirement System’s holdings in Mylan were worth $8,544,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Meeder Asset Management Inc. boosted its holdings in shares of Mylan by 76.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,393 shares of the company’s stock worth $106,000 after acquiring an additional 1,475 shares in the last quarter. BT Investment Management Ltd bought a new position in Mylan in the 3rd quarter worth approximately $142,000. Rational Advisors LLC bought a new position in Mylan in the 4th quarter worth approximately $190,000. First Personal Financial Services raised its position in Mylan by 77.1% in the 4th quarter. First Personal Financial Services now owns 4,839 shares of the company’s stock worth $205,000 after purchasing an additional 2,106 shares during the last quarter. Finally, Mycio Wealth Partners LLC bought a new stake in shares of Mylan during the 4th quarter valued at $212,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Several brokerages have commented on MYL. Goldman Sachs Group upped their target price on shares of Mylan from $46.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Citigroup restated a “buy” rating and issued a $58.00 price objective (up previously from $48.00) on shares of Mylan in a research report on Thursday, January 4th. Leerink Swann initiated coverage on shares of Mylan in a research note on Tuesday, January 2nd. They issued a “market perform” rating and a $44.00 target price for the company. TheStreet upgraded shares of Mylan from a “c” rating to a “b-” rating in a research note on Wednesday, January 17th. Finally, BidaskClub downgraded shares of Mylan from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Mylan presently has a consensus rating of “Buy” and a consensus price target of $45.92.

Mylan (NASDAQ MYL) traded down $0.33 during trading on Wednesday, reaching $42.02. 3,160,000 shares of the company traded hands, compared to its average volume of 5,560,000. The company has a current ratio of 1.13, a quick ratio of 0.73 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $21,800.00, a PE ratio of 32.32, a PEG ratio of 1.36 and a beta of 1.35. Mylan has a 1-year low of $29.39 and a 1-year high of $47.82.

Mylan (NASDAQ:MYL) last released its earnings results on Wednesday, February 28th. The company reported $1.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.41 by $0.02. Mylan had a net margin of 5.84% and a return on equity of 19.14%. The firm had revenue of $3.24 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same period in the previous year, the company earned $1.57 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. equities analysts predict that Mylan will post 5.38 EPS for the current fiscal year.

In other news, insider Paul Campbell sold 7,030 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $44.01, for a total value of $309,390.30. Following the completion of the sale, the insider now owns 17,054 shares of the company’s stock, valued at approximately $750,546.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Coury sold 50,000 shares of the stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $43.41, for a total transaction of $2,170,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 344,287 shares of company stock worth $14,409,960 in the last ninety days. 0.69% of the stock is currently owned by insiders.

WARNING: “Mylan (NASDAQ:MYL) Stake Increased by Arizona State Retirement System” was posted by BBNS and is owned by of BBNS. If you are viewing this story on another publication, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this story can be read at https://baseballnewssource.com/2018/03/14/mylan-myl-shares-bought-by-arizona-state-retirement-system/1890576.html.

Mylan Company Profile

Mylan N.V. is a global pharmaceutical company. The Company develops, licenses, manufactures, markets and distributes generic and branded generic products for resale by others; specialty pharmaceuticals, and active pharmaceutical ingredients (APIs). It operates through two segments: Generics and Specialty.

Institutional Ownership by Quarter for Mylan (NASDAQ:MYL)

Receive News & Ratings for Mylan Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mylan and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Tampa Bay Starting Relievers In Place of Starters
Tampa Bay Starting Relievers In Place of Starters
Teen Juan Soto Hits Home Run in First At-Bat
Teen Juan Soto Hits Home Run in First At-Bat
Ji-Man Choi Receives Another Chance in Milwaukee
Ji-Man Choi Receives Another Chance in Milwaukee
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Marlins vs Dodgers sets a 10-year record in MGM sportsbooks
Strikeouts Once Again Plaguing Cubs
Strikeouts Once Again Plaguing Cubs
Atlanta Braves: A Mix of Young and Old
Atlanta Braves: A Mix of Young and Old


Leave a Reply

 
© 2006-2018 BBNS.