Tekla Capital Management LLC Has $60.45 Million Position in Mylan N.V. (MYL)

Tekla Capital Management LLC boosted its position in shares of Mylan N.V. (NASDAQ:MYL) by 36.5% during the first quarter, Holdings Channel reports. The institutional investor owned 1,550,412 shares of the company’s stock after buying an additional 414,860 shares during the period. Mylan N.V. makes up 2.3% of Tekla Capital Management LLC’s portfolio, making the stock its 12th largest position. Tekla Capital Management LLC’s holdings in Mylan N.V. were worth $60,451,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MYL. Banco Santander S.A. bought a new position in shares of Mylan N.V. during the fourth quarter valued at $432,000. JW Asset Management LLC bought a new position in shares of Mylan N.V. during the fourth quarter valued at $382,000. Hampstead Capital LLP bought a new position in shares of Mylan N.V. during the fourth quarter valued at $4,960,000. Wexford Capital LP bought a new position in shares of Mylan N.V. during the fourth quarter valued at $305,000. Finally, Fore Research & Management LP bought a new position in shares of Mylan N.V. during the fourth quarter valued at $457,000. Hedge funds and other institutional investors own 69.89% of the company’s stock.

Institutional Ownership by Quarter for Mylan N.V. (NASDAQ:MYL)

Mylan N.V. (NASDAQ:MYL) traded up 0.99% during trading on Tuesday, reaching $37.60. 1,882,148 shares of the company’s stock traded hands. The company’s 50 day moving average is $38.54 and its 200-day moving average is $39.04. Mylan N.V. has a 52-week low of $33.60 and a 52-week high of $50.40. The stock has a market cap of $20.15 billion, a price-to-earnings ratio of 37.56 and a beta of 1.23.

Mylan N.V. (NASDAQ:MYL) last announced its quarterly earnings results on Wednesday, May 10th. The company reported $0.93 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.01. Mylan N.V. had a return on equity of 23.69% and a net margin of 4.59%. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.81 billion. During the same period in the prior year, the business posted $0.76 earnings per share. The company’s revenue was up 24.1% on a year-over-year basis. On average, analysts anticipate that Mylan N.V. will post $5.19 earnings per share for the current fiscal year.

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MYL has been the topic of several research analyst reports. Barclays PLC raised shares of Mylan N.V. from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $47.00 to $50.00 in a research report on Monday, May 22nd. Zacks Investment Research raised shares of Mylan N.V. from a “sell” rating to a “hold” rating in a research report on Monday, February 27th. Vetr lowered shares of Mylan N.V. from a “buy” rating to a “sell” rating and set a $43.36 price objective on the stock. in a research report on Wednesday, March 1st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $46.00 price objective (down from $48.00) on shares of Mylan N.V. in a research report on Monday, April 17th. Finally, BMO Capital Markets initiated coverage on shares of Mylan N.V. in a research report on Monday, May 1st. They issued an “outperform” rating and a $50.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $50.77.

In other news, insider Anthony Mauro sold 10,000 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $40.00, for a total transaction of $400,000.00. Following the sale, the insider now directly owns 140,653 shares in the company, valued at $5,626,120. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, President Rajiv Malik sold 25,000 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $40.00, for a total value of $1,000,000.00. Following the sale, the president now owns 799,855 shares in the company, valued at $31,994,200. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,035,000 shares of company stock worth $1,831,800,000. Company insiders own 0.69% of the company’s stock.

About Mylan N.V.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MYL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding MYL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mylan N.V. (NASDAQ:MYL).

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