Partner Investment Management L.P. trimmed its holdings in Mylan NV (NASDAQ:MYL) by 22.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 69,449 shares of the company’s stock after selling 20,230 shares during the quarter. Mylan comprises approximately 1.9% of Partner Investment Management L.P.’s portfolio, making the stock its 9th biggest position. Partner Investment Management L.P.’s holdings in Mylan were worth $2,542,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MYL. Pzena Investment Management LLC grew its stake in shares of Mylan by 2.6% during the 3rd quarter. Pzena Investment Management LLC now owns 21,657,877 shares of the company’s stock valued at $792,678,000 after purchasing an additional 542,725 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Mylan by 8.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 10,226,277 shares of the company’s stock valued at $374,280,000 after purchasing an additional 818,059 shares during the period. FMR LLC grew its stake in shares of Mylan by 1.9% during the 2nd quarter. FMR LLC now owns 9,171,840 shares of the company’s stock valued at $331,470,000 after purchasing an additional 168,347 shares during the period. Menora Mivtachim Holdings LTD. grew its stake in shares of Mylan by 2.7% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 7,224,654 shares of the company’s stock valued at $264,422,000 after purchasing an additional 191,250 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Mylan by 8.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 5,582,182 shares of the company’s stock valued at $204,329,000 after purchasing an additional 449,752 shares during the period. Institutional investors own 82.17% of the company’s stock.
NASDAQ MYL opened at $32.96 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.77 and a current ratio of 1.26. Mylan NV has a 12 month low of $30.33 and a 12 month high of $47.82. The company has a market capitalization of $17.46 billion, a P/E ratio of 7.23, a price-to-earnings-growth ratio of 1.13 and a beta of 1.49.
Mylan (NASDAQ:MYL) last posted its quarterly earnings results on Monday, November 5th. The company reported $1.25 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.06. Mylan had a return on equity of 19.39% and a net margin of 4.71%. The company had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.91 billion. During the same period in the previous year, the firm earned $1.10 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year. As a group, equities analysts forecast that Mylan NV will post 4.66 earnings per share for the current year.
A number of research analysts have recently weighed in on MYL shares. Leerink Swann lowered their price objective on Mylan from $53.00 to $47.00 and set an “outperform” rating on the stock in a research report on Thursday, August 9th. Raymond James cut Mylan from a “strong-buy” rating to an “outperform” rating in a research report on Thursday, August 9th. Cowen reaffirmed a “hold” rating and set a $31.00 price objective on shares of Mylan in a research report on Thursday, August 9th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $41.00 price objective on shares of Mylan in a research report on Wednesday, August 8th. Finally, Wells Fargo & Co set a $41.00 price objective on Mylan and gave the company a “hold” rating in a research report on Wednesday, August 8th. 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 company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $46.56.
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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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