Mylan NV (NASDAQ:MYL) Shares Bought by Aperio Group LLC

EpiPen auto-injection epinephrine pens manufactured by Mylan NV pharmaceutical company for use by severe allergy sufferers are seen in Washington

Mylan N.V. (NASDAQ:MYL) was the target of some unusual options trading on Thursday. The price of the life-saving tool has reportedly seen an increase of 500 percent in 10 years, but now, it looks like this has backfired on the company. Wells Fargo & Company reaffirmed a "market perform" rating and issued a $40.00 target price on shares of Mylan N.V.in a research note on Wednesday, May 31st. BidaskClub upgraded Mylan N.V. from a sell rating to a hold rating in a report on Thursday, June 22nd.

TRADEMARK VIOLATION NOTICE: "Washington Trust Bank Sells 1,221 Shares of Mylan N.V. (MYL)" was first reported by Week Herald and is the sole property of of Week Herald. They issued an "outperform" rating and a $50.00 price objective for the company.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Mylan N.V. (MYL) stands at 12.56 while the industry's and the sector's growth for next 5 years ticked at 10.49 and 10.59 respectively. Deutsche Bank AG reduced their price target on shares of Mylan N.V. from $52.00 to $51.00 and set a buy rating on the stock in a research note on Tuesday, April 18th. The stock presently has a consensus rating of "Buy" and an average price target of $49.40. Princeton Portfolio Strategies Group Inc Limited Liability Corporation invested 0.77% in Mylan N.V. (NASDAQ:MYL). (MYL) traded up 1.15% during midday trading on Thursday, reaching $32.45. It also cut a long-standing 2018 earnings per share target of $6 to at least $5.40. BMO Capital Markets initiated coverage on shares of Mylan N.V.in a research report on Monday, May 1st. The stock has a 50 day moving average of $37.74 and a 200-day moving average of $39.10.

The firm also trimmed its second quarter earnings per share and revenue estimates to $1.15 and $2.92 billion, respectively, both of which are below the consensus estimates. Stock investors bought 18,942 call options on the stock. This represents an increase of 589% compared to the average daily volume of 2,749 call options.

Mylan N.V. had a net margin of 4.59% and a return on equity of 23.69%. (NASDAQ:MYL) last announced its earnings results on Wednesday, August 9th. The 2017 revenue estimate was lowered by 2% from $12.29 billion to $12.06 billion and the 2018 estimate was cut by 4% from $13 billion to $12.4 billion. During the same period in the prior year, the company posted $1.16 EPS. Royal Bank Of Canada set a $41.00 target price on shares of Mylan N.V. and gave the stock a "hold" rating in a research report on Saturday, May 13th. If you are reading this news story on another website, it was illegally stolen and reposted in violation of United States & worldwide trademark and copyright law. The original version of this piece can be viewed at https://stocknewstimes.com/2017/08/10/state-of-alaska-department-of-revenue-increases-stake-in-mylan-n-v-myl-updated.html.

In related news, President Rajiv Malik sold 25,000 shares of the stock in a transaction that occurred on Friday, June 9th. The Beta for the company stands at 1.29 and its Average True Range (ATR) shows a value of 1.22. Following the sale, the president now owns 799,855 shares of the company's stock, valued at $31,994,200. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Following the transaction, the insider now owns 140,653 shares in the company, valued at approximately $5,626,120. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Mylan N.V.by 1.2% in the first quarter. Insiders own 0.69% of the company's stock. Global X Management Co. The Clifford Swan Investment Counsel Llc holds 299,235 shares with $11.84M value, down from 334,135 last quarter. Conning Inc. raised its position in shares of Mylan N.V.by 1.3% in the first quarter. Quinn Opportunity Partners LLC now owns 118,215 shares of the company's stock valued at $4,589,000 after buying an additional 5,208 shares during the last quarter.

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