Myriad Genetics, Inc. (MYGN) Director Heinrich Dreismann Sells 6,000 Shares of Stock
Myriad Genetics, Inc. (NASDAQ:MYGN) Director Heinrich Dreismann sold 6,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $33.50, for a total value of $201,000.00. Following the sale, the director now owns 33,743 shares of the company’s stock, valued at $1,130,390.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Myriad Genetics, Inc. (NASDAQ MYGN) traded up $0.10 during trading on Wednesday, reaching $32.58. The company’s stock had a trading volume of 529,800 shares, compared to its average volume of 1,180,440. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.06 and a current ratio of 2.34. Myriad Genetics, Inc. has a 52 week low of $15.15 and a 52 week high of $37.30. The stock has a market capitalization of $2,248.94, a PE ratio of 29.80, a PEG ratio of 2.06 and a beta of 0.25.
Myriad Genetics (NASDAQ:MYGN) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The business had revenue of $190.20 million for the quarter, compared to analyst estimates of $183.52 million. Myriad Genetics had a return on equity of 9.54% and a net margin of 13.28%. The company’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 earnings per share. equities research analysts predict that Myriad Genetics, Inc. will post 1.05 EPS for the current fiscal year.
A number of equities research analysts have commented on MYGN shares. ValuEngine cut Myriad Genetics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Morgan Stanley increased their price target on Myriad Genetics from $24.00 to $26.00 and gave the company an “underweight” rating in a research note on Wednesday, November 8th. Deutsche Bank increased their price target on Myriad Genetics from $28.00 to $30.00 and gave the company a “hold” rating in a research note on Wednesday, November 8th. Zacks Investment Research upgraded Myriad Genetics from a “hold” rating to a “strong-buy” rating and set a $42.00 price target for the company in a research note on Tuesday, October 17th. Finally, Leerink Swann reiterated a “market perform” rating and issued a $31.00 price target on shares of Myriad Genetics in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Myriad Genetics presently has a consensus rating of “Hold” and an average price target of $28.10.
Several hedge funds have recently made changes to their positions in the company. TrimTabs Asset Management LLC increased its holdings in shares of Myriad Genetics by 17.2% in the third quarter. TrimTabs Asset Management LLC now owns 11,798 shares of the company’s stock valued at $427,000 after purchasing an additional 1,728 shares during the period. Shelton Capital Management acquired a new position in shares of Myriad Genetics in the third quarter valued at about $238,000. CS Mckee LP increased its holdings in shares of Myriad Genetics by 42.2% in the third quarter. CS Mckee LP now owns 42,650 shares of the company’s stock valued at $1,543,000 after purchasing an additional 12,650 shares during the period. California Public Employees Retirement System increased its holdings in shares of Myriad Genetics by 3.7% in the third quarter. California Public Employees Retirement System now owns 285,280 shares of the company’s stock valued at $10,321,000 after purchasing an additional 10,280 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Myriad Genetics in the third quarter valued at about $1,028,000.
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About Myriad Genetics
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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