Stock Traders Buy High Volume of Put Options on Mylan N.V. (MYL)
Mylan N.V. (NASDAQ:MYL) was the recipient of some unusual options trading on Wednesday. Investors purchased 10,562 put options on the company. This is an increase of 461% compared to the typical daily volume of 1,883 put options.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MYL. Global X Management Co. LLC raised its holdings in Mylan N.V. by 91.6% in the 1st quarter. Global X Management Co. LLC now owns 3,015 shares of the company’s stock worth $118,000 after purchasing an additional 1,441 shares during the period. TLP Group LLC acquired a new position in Mylan N.V. in the 1st quarter worth about $200,000. Doliver Capital Advisors LP acquired a new position in Mylan N.V. in the 2nd quarter worth about $201,000. Eagle Global Advisors LLC acquired a new position in Mylan N.V. in the 2nd quarter worth about $205,000. Finally, Sheaff Brock Investment Advisors LLC acquired a new position in Mylan N.V. in the 2nd quarter worth about $210,000. 71.97% of the stock is owned by institutional investors.
MYL has been the topic of a number of research analyst reports. UBS AG reaffirmed a “buy” rating and set a $46.00 price target (down from $50.00) on shares of Mylan N.V. in a report on Thursday, August 10th. Citigroup Inc. raised Mylan N.V. from a “neutral” rating to a “buy” rating and upped their price target for the company from $36.00 to $42.00 in a report on Wednesday, August 16th. Mizuho reaffirmed a “buy” rating and set a $37.00 price target (down from $53.00) on shares of Mylan N.V. in a report on Sunday, August 20th. BMO Capital Markets reaffirmed a “buy” rating and set a $45.00 price target on shares of Mylan N.V. in a report on Friday, September 29th. Finally, ValuEngine raised Mylan N.V. from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $41.99.
Shares of Mylan N.V. (NASDAQ:MYL) opened at 38.29 on Friday. Mylan N.V. has a 12 month low of $29.39 and a 12 month high of $45.87. The stock has a market cap of $20.53 billion, a PE ratio of 30.95 and a beta of 1.30. The firm has a 50-day moving average price of $32.08 and a 200-day moving average price of $36.45.
Mylan N.V. (NASDAQ:MYL) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.18 by ($0.08). The company had revenue of $2.96 billion during the quarter, compared to analyst estimates of $3 billion. Mylan N.V. had a net margin of 5.51% and a return on equity of 22.42%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the firm earned $1.16 EPS. Equities analysts forecast that Mylan N.V. will post $4.57 EPS for the current year.
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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.
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