Stock Traders Purchase Large Volume of Call Options on Mylan N.V. (NASDAQ:MYL)

Mylan N.V. (NASDAQ:MYL) saw unusually large options trading activity on Wednesday. Stock investors purchased 16,282 call options on the company. This represents an increase of approximately 531% compared to the average daily volume of 2,581 call options.

A number of research analysts recently issued reports on MYL shares. UBS AG reiterated a “buy” rating and issued a $46.00 price target (down previously from $50.00) on shares of Mylan N.V. in a research note on Thursday, August 10th. Citigroup Inc. upgraded shares of Mylan N.V. from a “neutral” rating to a “buy” rating and upped their price target for the company from $36.00 to $42.00 in a research report on Wednesday, August 16th. Mizuho reissued a “buy” rating and issued a $37.00 price objective (down from $53.00) on shares of Mylan N.V. in a research note on Sunday, August 20th. BMO Capital Markets reaffirmed a “buy” rating and set a $45.00 price target on shares of Mylan N.V. in a research note on Friday, September 29th. Finally, ValuEngine raised shares of Mylan N.V. from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $41.21.

Mylan N.V. (NASDAQ MYL) opened at 38.54 on Wednesday. The company’s 50-day moving average price is $33.26 and its 200 day moving average price is $36.26. Mylan N.V. has a 52 week low of $29.39 and a 52 week high of $45.87. The company has a market capitalization of $20.67 billion, a PE ratio of 31.16 and a beta of 1.30.

Mylan N.V. (NASDAQ:MYL) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.08). Mylan N.V. had a net margin of 5.51% and a return on equity of 22.42%. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $3 billion. During the same period last year, the company posted $1.16 earnings per share. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, equities research analysts anticipate that Mylan N.V. will post $4.58 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MYL. Global X Management Co. LLC lifted its holdings in Mylan N.V. by 91.6% during the 1st quarter. Global X Management Co. LLC now owns 3,015 shares of the company’s stock worth $118,000 after purchasing an additional 1,441 shares during the last quarter. TLP Group LLC acquired a new stake in Mylan N.V. during the 1st quarter worth approximately $200,000. Doliver Capital Advisors LP acquired a new stake in Mylan N.V. during the 2nd quarter worth approximately $201,000. Eagle Global Advisors LLC acquired a new stake in Mylan N.V. during the 2nd quarter worth approximately $205,000. Finally, Sheaff Brock Investment Advisors LLC bought a new position in Mylan N.V. during the 2nd quarter worth $210,000. 71.95% of the stock is owned by institutional investors.

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Mylan N.V. 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.

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