Investors Buy High Volume of Mylan Put Options (MYL)

Mylan NV (NASDAQ:MYL) saw some unusual options trading on Tuesday. Stock investors acquired 24,068 put options on the stock. This represents an increase of 1,602% compared to the typical volume of 1,414 put options.

MYL has been the subject of a number of research analyst reports. Wells Fargo & Co downgraded Mylan from an “outperform” rating to a “market perform” rating in a report on Tuesday. BidaskClub upgraded Mylan from a “sell” rating to a “hold” rating in a report on Monday. Zacks Investment Research upgraded Mylan from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 30th. Cantor Fitzgerald restated a “hold” rating and set a $41.00 price objective on shares of Mylan in a report on Monday, April 1st. Finally, Argus dropped their price objective on Mylan to $32.00 and set a “buy” rating for the company in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $39.89.

In other Mylan news, insider Paul Campbell sold 11,533 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $27.50, for a total value of $317,157.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.81% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Standard Life Aberdeen plc lifted its holdings in shares of Mylan by 6.7% in the 3rd quarter. Standard Life Aberdeen plc now owns 268,287 shares of the company’s stock worth $9,820,000 after buying an additional 16,877 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Mylan by 1.0% in the 3rd quarter. Teachers Advisors LLC now owns 2,099,625 shares of the company’s stock worth $76,846,000 after buying an additional 21,416 shares during the period. Nordea Investment Management AB purchased a new stake in shares of Mylan in the 3rd quarter worth $916,000. Legal & General Group Plc lifted its holdings in shares of Mylan by 8.6% in the 3rd quarter. Legal & General Group Plc now owns 2,693,774 shares of the company’s stock worth $98,592,000 after buying an additional 212,529 shares during the period. Finally, Morgan Stanley lifted its holdings in shares of Mylan by 63.3% in the 3rd quarter. Morgan Stanley now owns 1,006,201 shares of the company’s stock worth $36,827,000 after buying an additional 390,216 shares during the period. 83.45% of the stock is owned by institutional investors.

Shares of Mylan stock opened at $21.53 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.39 and a quick ratio of 0.83. Mylan has a twelve month low of $21.52 and a twelve month high of $42.50. The firm has a market cap of $14.57 billion, a P/E ratio of 4.70, a price-to-earnings-growth ratio of 1.18 and a beta of 1.44.

Mylan (NASDAQ:MYL) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. Mylan had a net margin of 3.08% and a return on equity of 19.06%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same period in the prior year, the company earned $0.96 EPS. The firm’s revenue was down 7.0% on a year-over-year basis. As a group, sell-side analysts expect that Mylan will post 4.38 earnings per share for the current year.

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About Mylan

Mylan N.V., together with its subsidiaries, develops, licenses, manufactures, markets, and distributes generic, branded-generic, brand-name, and over-the-counter (OTC) pharmaceutical products in North America, Europe, and internationally. It offers active pharmaceutical ingredients and finished dosage forms; and antiretroviral medicines to treat HIV/AIDS.

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