Mylan NV (MYL) Stake Increased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in Mylan NV (NASDAQ:MYL) by 38.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 119,535 shares of the company’s stock after buying an additional 33,178 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Mylan were worth $4,384,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MYL. Cornerstone Wealth Management LLC purchased a new stake in shares of Mylan in the second quarter valued at approximately $306,000. Jennison Associates LLC increased its position in shares of Mylan by 16.2% during the second quarter. Jennison Associates LLC now owns 1,667,552 shares of the company’s stock worth $60,265,000 after purchasing an additional 232,483 shares in the last quarter. Barings LLC increased its position in shares of Mylan by 11.3% during the second quarter. Barings LLC now owns 66,601 shares of the company’s stock worth $2,406,000 after purchasing an additional 6,769 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of Mylan during the second quarter worth approximately $250,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Mylan during the second quarter worth approximately $1,950,000. Institutional investors and hedge funds own 82.17% of the company’s stock.

Shares of NASDAQ:MYL opened at $30.55 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.26 and a quick ratio of 0.77. The firm has a market capitalization of $16.42 billion, a price-to-earnings ratio of 6.70, a P/E/G ratio of 1.05 and a beta of 1.49. Mylan NV has a 52-week low of $30.33 and a 52-week high of $47.82.

Mylan (NASDAQ:MYL) last issued its earnings results on Monday, November 5th. The company reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.06. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.91 billion. Mylan had a return on equity of 19.39% and a net margin of 4.71%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 EPS. As a group, equities analysts expect that Mylan NV will post 4.66 earnings per share for the current fiscal year.

Several brokerages recently commented on MYL. Wells Fargo & Co reiterated a “hold” rating on shares of Mylan in a research report on Wednesday, August 15th. ValuEngine cut Mylan from a “hold” rating to a “sell” rating in a research report on Tuesday, September 11th. Evercore ISI upgraded Mylan from an “in-line” rating to an “outperform” rating in a research report on Friday, August 24th. BidaskClub cut Mylan from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 9th. Finally, Cowen set a $31.00 price target on Mylan and gave the stock a “hold” rating in a research report on Tuesday, November 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $46.56.

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Mylan Profile

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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