Wasatch Advisors Inc. purchased a new stake in shares of Myriad Genetics, Inc. (NASDAQ:MYGN) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 6,600 shares of the company’s stock, valued at approximately $239,000.

A number of other large investors have also recently modified their holdings of MYGN. Teachers Advisors LLC grew its holdings in Myriad Genetics by 1.1% during the 1st quarter. Teachers Advisors LLC now owns 116,924 shares of the company’s stock valued at $2,245,000 after purchasing an additional 1,287 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new position in Myriad Genetics during the 1st quarter valued at about $453,000. Bank of Montreal Can grew its holdings in Myriad Genetics by 121.2% during the 2nd quarter. Bank of Montreal Can now owns 248,085 shares of the company’s stock valued at $6,410,000 after purchasing an additional 135,935 shares during the last quarter. Aperio Group LLC grew its holdings in Myriad Genetics by 4.6% during the 2nd quarter. Aperio Group LLC now owns 12,129 shares of the company’s stock valued at $313,000 after purchasing an additional 534 shares during the last quarter. Finally, Hartford Investment Management Co. bought a new position in Myriad Genetics during the 2nd quarter valued at about $258,000.

In other news, insider Alexander Ford sold 3,031 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $31.64, for a total value of $95,900.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John T. Henderson sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $30.30, for a total transaction of $909,000.00. Following the completion of the sale, the director now directly owns 52,524 shares of the company’s stock, valued at approximately $1,591,477.20. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by corporate insiders.

Several equities analysts recently commented on the stock. Cowen Inc reiterated a “hold” rating and set a $25.00 price target on shares of Myriad Genetics in a report on Sunday, September 17th. Jefferies Group LLC restated a “hold” rating and issued a $23.00 target price (up from $21.00) on shares of Myriad Genetics in a research note on Thursday, August 10th. Barclays PLC dropped their target price on shares of Myriad Genetics from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 9th. Leerink Swann restated a “market perform” rating and issued a $31.00 target price on shares of Myriad Genetics in a research note on Monday, October 2nd. Finally, BidaskClub upgraded shares of Myriad Genetics from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $28.10.

Shares of Myriad Genetics, Inc. (MYGN) opened at $33.26 on Friday. Myriad Genetics, Inc. has a 52-week low of $15.15 and a 52-week high of $37.30. The firm has a market cap of $2,302.96, a P/E ratio of 30.51, a PEG ratio of 2.11 and a beta of 0.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.34 and a quick ratio of 2.06.

Myriad Genetics (NASDAQ:MYGN) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.05. Myriad Genetics had a net margin of 13.28% and a return on equity of 9.54%. The firm had revenue of $190.20 million during the quarter, compared to analysts’ expectations of $183.52 million. During the same quarter in the prior year, the company earned $0.23 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. research analysts expect that Myriad Genetics, Inc. will post 1.05 earnings per share for the current fiscal year.

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Myriad Genetics Profile

Myriad Genetics, Inc is a molecular diagnostic company. The Company is engaged in the discovery, development and marketing of transformative molecular diagnostic tests. The Company operates through two segments: diagnostics and other. The diagnostics segment provides testing and collaborative development of testing that is designed to assess an individual’s risk for developing disease later in life, identify a patient’s likelihood of responding to drug therapy and guide a patient’s dosing to enable optimal treatment, or assess a patient’s risk of disease progression and disease recurrence.

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Institutional Ownership by Quarter for Myriad Genetics (NASDAQ:MYGN)

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