Ardsley Advisory Partners Acquires New Position in Mylan N.V. (NASDAQ:MYL)

Ardsley Advisory Partners bought a new position in Mylan N.V. (NASDAQ:MYL) in the second quarter, according to its most recent disclosure with the SEC. The firm bought 7,500 shares of the company’s stock, valued at approximately $291,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Waldron LP acquired a new stake in shares of Mylan N.V. during the 1st quarter worth about $229,000. Sei Investments Co. increased its position in shares of Mylan N.V. by 1.0% during the 1st quarter. Sei Investments Co. now owns 13,870 shares of the company’s stock worth $541,000 after purchasing an additional 134 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Mylan N.V. by 128.5% during the 1st quarter. Teachers Advisors LLC now owns 1,943,541 shares of the company’s stock worth $75,779,000 after purchasing an additional 1,093,160 shares during the last quarter. Ngam Advisors L.P. acquired a new stake in shares of Mylan N.V. during the 1st quarter worth about $1,543,000. Finally, Cleararc Capital Inc. increased its position in shares of Mylan N.V. by 0.6% during the 1st quarter. Cleararc Capital Inc. now owns 10,394 shares of the company’s stock worth $405,000 after purchasing an additional 67 shares during the last quarter. 71.98% of the stock is owned by institutional investors and hedge funds.

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Mylan N.V. (NASDAQ MYL) traded down 0.16% on Friday, reaching $38.51. The company’s stock had a trading volume of 1,081,340 shares. Mylan N.V. has a 52 week low of $29.39 and a 52 week high of $45.87. The firm’s 50 day moving average price is $34.77 and its 200-day moving average price is $36.25. The company has a market capitalization of $20.65 billion, a price-to-earnings ratio of 31.13 and a beta of 1.30.

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

Several equities analysts have weighed in on MYL shares. Cowen and Company reaffirmed a “market perform” rating and issued a $36.00 target price (up from $30.00) on shares of Mylan N.V. in a research report on Thursday, October 5th. Zacks Investment Research raised Mylan N.V. from a “strong sell” rating to a “hold” rating and set a $43.00 target price for the company in a research report on Tuesday, October 10th. Royal Bank Of Canada set a $41.00 target price on Mylan N.V. and gave the company a “hold” rating in a research report on Sunday, July 16th. Citigroup Inc. set a $42.00 target price on Mylan N.V. and gave the company a “buy” rating in a research report on Wednesday, October 4th. Finally, BidaskClub upgraded Mylan N.V. from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. Mylan N.V. currently has a consensus rating of “Buy” and an average price target of $41.21.

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.

Institutional Ownership by Quarter for Mylan N.V. (NASDAQ:MYL)

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