Wealthsource Partners LLC Takes $231,000 Position in Mylan NV (MYL)

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Wealthsource Partners LLC acquired a new position in shares of Mylan NV (NASDAQ:MYL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,418 shares of the company’s stock, valued at approximately $231,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its position in Mylan by 1.9% in the 2nd quarter. FMR LLC now owns 9,171,840 shares of the company’s stock valued at $331,470,000 after purchasing an additional 168,347 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Mylan by 32.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 9,408,218 shares of the company’s stock valued at $340,012,000 after acquiring an additional 2,284,545 shares during the last quarter. Andra AP fonden increased its holdings in shares of Mylan by 11.5% in the 3rd quarter. Andra AP fonden now owns 140,200 shares of the company’s stock valued at $5,131,000 after acquiring an additional 14,500 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Mylan by 14.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 150,874 shares of the company’s stock valued at $5,522,000 after acquiring an additional 19,019 shares during the last quarter. Finally, BB&T Corp purchased a new position in shares of Mylan in the 3rd quarter valued at about $202,000. Institutional investors and hedge funds own 83.16% of the company’s stock.

A number of research firms have recently commented on MYL. Morgan Stanley increased their price objective on Mylan from $36.00 to $39.00 and gave the company a “hold” rating in a report on Tuesday, November 6th. Cowen set a $31.00 price objective on Mylan and gave the company a “hold” rating in a report on Tuesday, November 6th. Cantor Fitzgerald reiterated a “hold” rating and issued a $41.00 price objective on shares of Mylan in a report on Tuesday, November 20th. Argus upgraded Mylan from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Thursday, November 15th. Finally, Mizuho reiterated a “neutral” rating on shares of Mylan in a report on Thursday, January 31st. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. Mylan has a consensus rating of “Hold” and a consensus price target of $42.86.

NASDAQ:MYL traded up $0.04 during mid-day trading on Tuesday, reaching $31.88. 28,401 shares of the stock were exchanged, compared to its average volume of 4,463,483. The company has a market capitalization of $16.42 billion, a PE ratio of 7.00, a P/E/G ratio of 1.08 and a beta of 1.63. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 1.20. Mylan NV has a 1 year low of $26.03 and a 1 year high of $44.18.

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About Mylan

Mylan N.V., together with its subsidiaries, develops, licenses, manufactures, markets, and distributes generic, brand name, and over-the-counter (OTC) products worldwide. The company operates through three segments: North America, Europe, and Rest of World. It offers pharmaceutical products in tablet, capsule, injectable, transdermal patch, gel, nebulized, and cream or ointment forms.

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Institutional Ownership by Quarter for Mylan (NASDAQ:MYL)

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