Commerzbank Aktiengesellschaft FI Grows Stake in Mylan N.V. (MYL)

Commerzbank Aktiengesellschaft FI raised its holdings in shares of Mylan N.V. (NASDAQ:MYL) by 213.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 137,108 shares of the company’s stock after buying an additional 93,321 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Mylan were worth $4,301,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in MYL. Pzena Investment Management LLC boosted its position in shares of Mylan by 84.1% during the 3rd quarter. Pzena Investment Management LLC now owns 22,721,384 shares of the company’s stock valued at $712,770,000 after acquiring an additional 10,381,697 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Mylan by 12.0% during the 2nd quarter. Vanguard Group Inc. now owns 32,880,790 shares of the company’s stock valued at $1,276,432,000 after acquiring an additional 3,531,974 shares during the last quarter. BlackRock Inc. boosted its position in shares of Mylan by 4.5% during the 2nd quarter. BlackRock Inc. now owns 40,574,158 shares of the company’s stock valued at $1,575,089,000 after acquiring an additional 1,751,515 shares during the last quarter. Schroder Investment Management Group boosted its position in shares of Mylan by 161,445.9% during the 2nd quarter. Schroder Investment Management Group now owns 1,731,772 shares of the company’s stock valued at $67,124,000 after acquiring an additional 1,730,700 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Mylan by 72.2% during the 2nd quarter. Teachers Advisors LLC now owns 3,346,814 shares of the company’s stock valued at $129,923,000 after acquiring an additional 1,403,273 shares during the last quarter. 73.86% of the stock is owned by institutional investors and hedge funds.

Mylan N.V. (NASDAQ:MYL) opened at $38.12 on Monday. Mylan N.V. has a 1 year low of $29.39 and a 1 year high of $45.87. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.46 and a quick ratio of 0.95. The company has a market cap of $20,448.94, a PE ratio of 8.11, a price-to-earnings-growth ratio of 2.09 and a beta of 1.39.

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

Several research analysts have recently weighed in on the stock. Citigroup set a $42.00 price target on shares of Mylan and gave the company a “buy” rating in a research report on Wednesday, October 4th. Zacks Investment Research raised shares of Mylan from a “strong sell” rating to a “hold” rating and set a $43.00 price target on the stock in a research report on Tuesday, October 10th. UBS reissued a “buy” rating and set a $46.00 price target (down previously from $50.00) on shares of Mylan in a research report on Thursday, August 10th. BidaskClub raised shares of Mylan from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 7th. Finally, Instinet reissued a “buy” rating and set a $37.00 price target on shares of Mylan in a research report on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $41.49.

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About Mylan

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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Institutional Ownership by Quarter for Mylan (NASDAQ:MYL)

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