Mylan N V (MYL) Holder Clearbridge LLC Has Lifted Its Stake by $6.41 Million as Market Valuation Declined

May 17, 2018 - By Adrian Mccoy

Mylan N.V. (NASDAQ:MYL) LogoInvestors sentiment increased to 3 in 2017 Q4. Its up 2.67, from 0.33 in 2017Q3. It improved, as 0 investors sold MYL shares while 1 reduced holdings. 3 funds opened positions while 0 raised stakes. 292,846 shares or 88.91% more from 155,019 shares in 2017Q3 were reported. 337 are owned by Vantage Investment Advisors Ltd Liability. Gulf Int Fincl Bank (Uk) Limited holds 0.08% or 139,930 shares. Moreover, Mirae Asset Co Ltd has 0.01% invested in Mylan N.V. (NASDAQ:MYL). Van Hulzen Asset Limited invested in 1.55% or 120,545 shares.

Clearbridge Llc increased its stake in Mylan N V (MYL) by 7.6% based on its latest 2017Q4 regulatory filing with the SEC. Clearbridge Llc bought 152,705 shares as the company’s stock declined 5.99% with the market. The institutional investor held 2.16M shares of the major pharmaceuticals company at the end of 2017Q4, valued at $91.49 million, up from 2.01 million at the end of the previous reported quarter. Clearbridge Llc who had been investing in Mylan N V for a number of months, seems to be bullish on the $20.47B market cap company. The stock increased 1.48% or $0.58 during the last trading session, reaching $39.76. About 577,228 shares traded. Mylan N.V. (NASDAQ:MYL) has declined 5.23% since May 17, 2017 and is downtrending. It has underperformed by 16.78% the S&P500.

Clearbridge Llc, which manages about $5.40B and $4.80B US Long portfolio, decreased its stake in Kinsale Cap Group Inc by 67,990 shares to 297,038 shares, valued at $13.37M in 2017Q4, according to the filing. It also reduced its holding in Gatx Corp (NYSE:GMT) by 62,010 shares in the quarter, leaving it with 172,901 shares, and cut its stake in Pulte Group Inc (NYSE:PHM).

More important recent Mylan N.V. (NASDAQ:MYL) news were published by: Nasdaq.com which released: “Momenta Pharmaceuticals Contemplates Its Future” on May 15, 2018, also Seekingalpha.com published article titled: “Mylan NV (MYL) Q1 2018 Results – Earnings Call Transcript”, Investorplace.com published: “Mylan NV Still Undervalued Despite Unveiling of New Products” on April 23, 2018. More interesting news about Mylan N.V. (NASDAQ:MYL) was released by: Streetinsider.com and their article: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” with publication date: May 15, 2018.

Mylan N.V. (NASDAQ:MYL) Ratings Coverage

Among 14 analysts covering Mylan Inc (NASDAQ:MYL), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Mylan Inc had 20 analyst reports since December 4, 2017 according to SRatingsIntel. The stock has “Outperform” rating by Leerink Swann on Thursday, April 12. The firm earned “Hold” rating on Thursday, March 1 by Cantor Fitzgerald. On Thursday, April 12 the stock rating was maintained by Mizuho with “Buy”. The firm has “Buy” rating given on Thursday, March 1 by UBS. The firm has “Hold” rating given on Tuesday, April 3 by RBC Capital Markets. The company was initiated on Tuesday, December 12 by Guggenheim. On Thursday, January 4 the stock rating was maintained by Citigroup with “Buy”. The firm has “Buy” rating by UBS given on Monday, December 4. The firm earned “Buy” rating on Thursday, January 18 by Mizuho. On Tuesday, February 6 the stock rating was maintained by BMO Capital Markets with “Buy”.

Mylan N.V. (NASDAQ:MYL) Ratings Chart

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