Mascoma Wealth Management LLC Acquires New Stake in Mylan NV (MYL)

Mascoma Wealth Management LLC acquired a new stake in shares of Mylan NV (NASDAQ:MYL) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,641 shares of the company’s stock, valued at approximately $47,000.

Several other institutional investors have also added to or reduced their stakes in MYL. Norges Bank purchased a new position in Mylan in the fourth quarter worth about $169,463,000. Oregon Public Employees Retirement Fund boosted its position in Mylan by 2,715.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,145,628 shares of the company’s stock worth $224,000 after purchasing an additional 5,927,314 shares during the last quarter. Clearbridge Investments LLC boosted its position in Mylan by 69.1% in the third quarter. Clearbridge Investments LLC now owns 4,280,371 shares of the company’s stock worth $156,662,000 after purchasing an additional 1,749,631 shares during the last quarter. State of Tennessee Treasury Department boosted its position in Mylan by 644.2% in the fourth quarter. State of Tennessee Treasury Department now owns 1,226,063 shares of the company’s stock worth $33,595,000 after purchasing an additional 1,061,320 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Mylan by 15.0% in the fourth quarter. Geode Capital Management LLC now owns 7,875,204 shares of the company’s stock worth $215,460,000 after purchasing an additional 1,026,731 shares during the last quarter. 83.68% of the stock is currently owned by institutional investors.

In other news, insider Paul Campbell sold 11,533 shares of Mylan stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $27.50, for a total value of $317,157.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.81% of the stock is currently owned by insiders.

Shares of Mylan stock traded up $0.02 on Tuesday, reaching $26.74. The company had a trading volume of 1,430,371 shares, compared to its average volume of 5,261,012. The stock has a market cap of $13.80 billion, a price-to-earnings ratio of 5.84, a price-to-earnings-growth ratio of 1.13 and a beta of 1.48. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.83 and a current ratio of 1.39. Mylan NV has a 1 year low of $26.00 and a 1 year high of $42.50.

Mylan (NASDAQ:MYL) last announced its earnings results on Tuesday, February 26th. The company reported $1.30 EPS for the quarter, missing the Zacks’ consensus estimate of $1.36 by ($0.06). The company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.10 billion. Mylan had a return on equity of 19.06% and a net margin of 3.08%. Mylan’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 EPS. Sell-side analysts predict that Mylan NV will post 4.38 earnings per share for the current fiscal year.

Several research analysts have recently commented on MYL shares. Cantor Fitzgerald reaffirmed a “hold” rating and issued a $41.00 price objective on shares of Mylan in a research note on Monday, April 1st. Argus decreased their target price on Mylan to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, March 27th. SunTrust Banks initiated coverage on Mylan in a research note on Tuesday, March 19th. They set a “buy” rating and a $35.00 target price on the stock. UBS Group reissued a “neutral” rating and set a $31.00 target price on shares of Mylan in a research note on Thursday, March 7th. Finally, Zacks Investment Research downgraded Mylan from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 6th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $39.89.

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About Mylan

Mylan N.V., together with its subsidiaries, develops, licenses, manufactures, markets, and distributes generic, branded-generic, brand-name, and over-the-counter (OTC) pharmaceutical products in North America, Europe, and internationally. It offers active pharmaceutical ingredients and finished dosage forms; and antiretroviral medicines to treat HIV/AIDS.

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Institutional Ownership by Quarter for Mylan (NASDAQ:MYL)

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