Janney Montgomery Scott LLC Has $814,000 Stake in Mylan NV (MYL)

Janney Montgomery Scott LLC lifted its holdings in shares of Mylan NV (NASDAQ:MYL) by 2.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 29,707 shares of the company’s stock after acquiring an additional 730 shares during the period. Janney Montgomery Scott LLC’s holdings in Mylan were worth $814,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Washington Capital Management Inc. lifted its holdings in shares of Mylan by 9.4% during the 4th quarter. Washington Capital Management Inc. now owns 49,475 shares of the company’s stock worth $1,356,000 after acquiring an additional 4,250 shares during the period. TD Asset Management Inc. lifted its holdings in shares of Mylan by 38.0% during the 4th quarter. TD Asset Management Inc. now owns 234,894 shares of the company’s stock worth $6,436,000 after acquiring an additional 64,673 shares during the period. First Mercantile Trust Co. lifted its holdings in shares of Mylan by 50.8% during the 4th quarter. First Mercantile Trust Co. now owns 4,750 shares of the company’s stock worth $130,000 after acquiring an additional 1,600 shares during the period. Crossmark Global Holdings Inc. lifted its holdings in shares of Mylan by 11.7% during the 4th quarter. Crossmark Global Holdings Inc. now owns 35,590 shares of the company’s stock worth $975,000 after acquiring an additional 3,740 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Mylan by 28.1% during the 4th quarter. Advisors Asset Management Inc. now owns 10,782 shares of the company’s stock worth $295,000 after acquiring an additional 2,367 shares during the period. 81.48% of the stock is owned by institutional investors.

MYL opened at $31.26 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $16.02 billion, a price-to-earnings ratio of 6.86, a P/E/G ratio of 1.07 and a beta of 1.63. Mylan NV has a 1-year low of $26.03 and a 1-year high of $44.18.

Several brokerages recently issued reports on MYL. Zacks Investment Research downgraded shares of Mylan from a “buy” rating to a “hold” rating in a report on Monday, January 14th. JPMorgan Chase & Co. set a $45.00 price target on shares of Mylan and gave the company a “buy” rating in a report on Tuesday, November 6th. Royal Bank of Canada cut their price target on shares of Mylan from $51.00 to $50.00 and set a “buy” rating for the company in a report on Tuesday, November 6th. Cowen set a $31.00 price target on shares of Mylan and gave the company a “hold” rating in a report on Tuesday, November 6th. Finally, Cantor Fitzgerald reissued a “hold” rating and set a $41.00 price target on shares of Mylan in a report on Tuesday, November 20th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $42.86.

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About Mylan

Mylan N.V., together with its subsidiaries, develops, licenses, manufactures, markets, and distributes generic, brand name, and over-the-counter (OTC) products worldwide. The company operates through three segments: North America, Europe, and Rest of World. It offers pharmaceutical products in tablet, capsule, injectable, transdermal patch, gel, nebulized, and cream or ointment forms.

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Institutional Ownership by Quarter for Mylan (NASDAQ:MYL)

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