Eagle Global Advisors LLC Purchases Shares of 5,291 Mylan N.V. (MYL)
Eagle Global Advisors LLC purchased a new position in shares of Mylan N.V. (NASDAQ:MYL) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 5,291 shares of the company’s stock, valued at approximately $205,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. First Personal Financial Services boosted its stake in Mylan N.V. by 33.2% in the first quarter. First Personal Financial Services now owns 2,733 shares of the company’s stock worth $107,000 after buying an additional 681 shares during the last quarter. Global X Management Co. LLC boosted its stake in Mylan N.V. by 91.6% in the first quarter. Global X Management Co. LLC now owns 3,015 shares of the company’s stock worth $118,000 after buying an additional 1,441 shares during the last quarter. Ropes Wealth Advisors LLC acquired a new stake in Mylan N.V. during the first quarter worth about $136,000. Oakworth Capital Inc. boosted its stake in Mylan N.V. by 30.7% in the first quarter. Oakworth Capital Inc. now owns 4,255 shares of the company’s stock worth $166,000 after buying an additional 1,000 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in Mylan N.V. during the first quarter worth about $188,000. Hedge funds and other institutional investors own 70.19% of the company’s stock.
Mylan N.V. (NASDAQ:MYL) opened at 32.00 on Tuesday. The firm has a market capitalization of $17.15 billion, a P/E ratio of 31.97 and a beta of 1.27. Mylan N.V. has a one year low of $31.47 and a one year high of $50.40. The firm’s 50-day moving average price is $38.42 and its 200 day moving average price is $39.28.
Mylan N.V. (NASDAQ:MYL) last announced its quarterly earnings data on Wednesday, May 10th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.01. Mylan N.V. had a return on equity of 23.69% and a net margin of 4.59%. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period last year, the firm earned $0.76 earnings per share. The company’s revenue for the quarter was up 24.1% compared to the same quarter last year. On average, equities analysts anticipate that Mylan N.V. will post $5.16 earnings per share for the current fiscal year.
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A number of analysts have recently issued reports on the company. Royal Bank Of Canada set a $41.00 price objective on Mylan N.V. and gave the company a “hold” rating in a research report on Saturday, May 13th. Morgan Stanley dropped their price target on Mylan N.V. from $52.00 to $36.00 and set an “equal weight” rating for the company in a report on Monday. Cowen and Company reissued a “market perform” rating and set a $43.00 price target (down from $55.00) on shares of Mylan N.V. in a report on Sunday, May 21st. Zacks Investment Research raised Mylan N.V. from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub raised Mylan N.V. from a “sell” rating to a “hold” rating in a report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $50.21.
In other news, insider Anthony Mauro sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $40.00, for a total transaction of $400,000.00. Following the transaction, the insider now directly owns 140,653 shares of the company’s stock, valued at $5,626,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Rajiv Malik sold 25,000 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $40.00, for a total value of $1,000,000.00. Following the transaction, the president now directly owns 799,855 shares in the company, valued at $31,994,200. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by company insiders.
About Mylan N.V.
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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