Nomura Asset Management Co. Ltd. Acquires 4,277 Shares of Mylan (MYL)

Nomura Asset Management Co. Ltd. grew its holdings in Mylan (NASDAQ:MYL) by 6.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 68,557 shares of the company’s stock after buying an additional 4,277 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Mylan were worth $2,150,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MYL. Sei Investments Co. raised its stake in shares of Mylan by 24.2% in the 2nd quarter. Sei Investments Co. now owns 17,233 shares of the company’s stock valued at $669,000 after buying an additional 3,363 shares in the last quarter. Global X Management Co. LLC increased its position in shares of Mylan by 59.2% during the 2nd quarter. Global X Management Co. LLC now owns 4,801 shares of the company’s stock worth $186,000 after purchasing an additional 1,786 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Mylan by 2.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,602,389 shares of the company’s stock worth $62,205,000 after purchasing an additional 33,510 shares in the last quarter. Arizona State Retirement System increased its position in shares of Mylan by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 114,308 shares of the company’s stock worth $4,437,000 after purchasing an additional 300 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Mylan by 29.3% during the 2nd quarter. First Trust Advisors LP now owns 794,755 shares of the company’s stock worth $30,852,000 after purchasing an additional 180,005 shares in the last quarter. Institutional investors own 75.04% of the company’s stock.

Shares of Mylan (MYL) opened at $39.29 on Wednesday. Mylan has a fifty-two week low of $29.39 and a fifty-two week high of $45.87. The company has a current ratio of 1.46, a quick ratio of 0.95 and a debt-to-equity ratio of 1.05. The company has a market cap of $21,183.87, a PE ratio of 8.40, a price-to-earnings-growth ratio of 2.16 and a beta of 1.38.

Mylan (NASDAQ:MYL) last issued its quarterly earnings data on Monday, November 6th. The company reported $1.10 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.10). Mylan had a return on equity of 20.63% and a net margin of 7.28%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the company earned $1.38 EPS. The firm’s revenue was down 2.3% compared to the same quarter last year. equities analysts forecast that Mylan will post 4.56 earnings per share for the current year.

A number of brokerages recently issued reports on MYL. Cantor Fitzgerald set a $34.00 target price on shares of Mylan and gave the stock a “hold” rating in a research report on Thursday, November 30th. UBS set a $46.00 target price on shares of Mylan and gave the stock a “buy” rating in a research report on Monday, December 4th. BMO Capital Markets reiterated a “buy” rating and set a $45.00 target price on shares of Mylan in a research report on Friday, September 29th. Mizuho reiterated a “buy” rating and set a $37.00 target price (down previously from $53.00) on shares of Mylan in a research report on Sunday, August 20th. Finally, ValuEngine upgraded shares of Mylan from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the company. Mylan currently has a consensus rating of “Buy” and a consensus price target of $42.41.

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Mylan 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 (NASDAQ:MYL)

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