Cetera Advisor Networks LLC Invests $227000 in Mylan (NASDAQ:MYL)

Elias Hubbard
March 3, 2018

Greenlight Capital Inc. increased its position in Mylan by 0.4% in the third quarter. Finally, Paragon Capital Management LLC bought a new position in Mylan in the 4th quarter worth approximately $260,000. The fund owned 209,417 shares of the company's stock after selling 217,445 shares during the quarter. Barings LLC lifted its position in shares of Mylan by 9.1% during the 3rd quarter. Pzena Investment Management LLC now owns 22,721,384 shares of the company's stock worth $712,770,000 after buying an additional 10,381,697 shares in the last quarter. Millennium Management LLC now owns 2,905,317 shares of the company's stock valued at $122,924,000 after acquiring an additional 3,005,317 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Mylan by 20.8% in the third quarter. Bank of New York Mellon Corp now owns 4,095,700 shares of the company's stock worth $128,481,000 after purchasing an additional 232,762 shares during the last quarter. The company's institutional ownership is monitored at 83.3 percent.

The stock of Mylan N.V. (NASDAQ:MYL) earned "Sector Perform" rating by RBC Capital Markets on Tuesday, September 6. Citigroup reiterated a "buy" rating and set a $58.00 price objective (up from $48.00) on shares of Mylan in a research note on Thursday, January 4th. UBS Group set a $54.00 price objective on shares of Mylan and gave the stock a "buy" rating in a research note on Thursday. Leerink Swann started coverage on shares of Mylan in a research report on Tuesday, January 2nd.

The Stock now has Analyst' mean Recommendation of 2.2 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell. Mylan presently has an average rating of "Buy" and a consensus target price of $44.89.

Some buy side analysts are also providing their Analysis on Mylan N.V., where 3 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 4 said it's a HOLD, and 0 analysts rated the stock as Sell. 10,688,100 shares of the company traded hands, compared to its average volume of 5,629,449. The firm has a market capitalization of $20,950.00, a price-to-earnings ratio of 31.52, a price-to-earnings-growth ratio of 1.09 and a beta of 1.35.

The company now has an insider ownership of 0.1 Percent and Institutional ownership of 83.3 Percent. Mylan has a twelve month low of $29.39 and a twelve month high of $47.82.

Mylan N.V. (NASDAQ:MYL) reported its EPS in the last quarter as $1.43/Share beating the analyst estimate of $1.41/Share by a difference of $0.02. The Deerfield Management Company holds 3.15M shares with $98.93 million value, up from 1.37M last quarter.

In case of Revenue Estimates, 18 analysts have provided their consensus Average Revenue Estimates for Mylan N.V.as 3.3 Billion. Mylan N.V. has 7 buy ratings, 9 holds and 0 sells even after the stock tumbled -15.68% from its high of $47.82 to a $21.54 billion market value through last close. The firm's quarterly revenue was down.9% compared to the same quarter previous year. During the same period in the prior year, the business posted $1.57 EPS. equities analysts anticipate that Mylan will post 5.34 earnings per share for the current year.

In related news, CEO Heather M. Bresch sold 75,000 shares of the company's stock in a transaction dated Tuesday, January 9th.

The company's stock is now moving with a +ve distance from the 200 day SMA of approximately 7.12%, and has a solid year to date (YTD) performance of -3.83% which means that the stock is constantly adding to its value from the previous fiscal year end price. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.69% of the company's stock.

Other reports by Click Lancashire

Discuss This Article