As Mylan N V (MYL) Share Value Declined, Menora Mivtachim Holdings LTD Has Decreased Its Holding; Hrg Group (HRG) Stake Maintained by Numina Capital Management Llc

February 23, 2018 - By Hazel Jackson

Menora Mivtachim Holdings Ltd decreased its stake in Mylan N V (MYL) by 1.87% based on its latest 2017Q3 regulatory filing with the SEC. Menora Mivtachim Holdings Ltd sold 70,000 shares as the company’s stock declined 9.77% while stock markets rallied. The institutional investor held 3.67M shares of the major pharmaceuticals company at the end of 2017Q3, valued at $115.28 million, down from 3.74M at the end of the previous reported quarter. Menora Mivtachim Holdings Ltd who had been investing in Mylan N V for a number of months, seems to be less bullish one the $22.11B market cap company. The stock decreased 0.17% or $0.07 during the last trading session, reaching $41.21. About 926,611 shares traded. Mylan N.V. (NASDAQ:MYL) has declined 7.73% since February 23, 2017 and is downtrending. It has underperformed by 24.43% the S&P500.

Numina Capital Management Llc increased its stake in Hrg Group Inc (HRG) by 3.59% based on its latest 2017Q3 regulatory filing with the SEC. Numina Capital Management Llc bought 218,351 shares as the company’s stock declined 0.45% while stock markets rallied. The institutional investor held 6.30 million shares of the miscellaneous company at the end of 2017Q3, valued at $98.30M, up from 6.08M at the end of the previous reported quarter. Numina Capital Management Llc who had been investing in Hrg Group Inc for a number of months, seems to be bullish on the $3.15 billion market cap company. The stock decreased 0.19% or $0.03 during the last trading session, reaching $15.86. About 398,214 shares traded. HRG Group, Inc. (NYSE:HRG) has risen 28.87% since February 23, 2017 and is uptrending. It has outperformed by 12.17% the S&P500.

Numina Capital Management Llc, which manages about $258.10 million and $743.54M US Long portfolio, decreased its stake in Meridian Bancorp Inc Md (NASDAQ:EBSB) by 158,487 shares to 409,822 shares, valued at $7.64 million in 2017Q3, according to the filing. It also reduced its holding in Echostar Corp (NASDAQ:SATS) by 63,794 shares in the quarter, leaving it with 202,705 shares, and cut its stake in Dish Network Corp (Call) (NASDAQ:DISH).

Analysts await Mylan N.V. (NASDAQ:MYL) to report earnings on February, 28 after the close. They expect $1.42 earnings per share, down 9.55% or $0.15 from last year’s $1.57 per share. MYL’s profit will be $761.76M for 7.26 P/E if the $1.42 EPS becomes a reality. After $1.10 actual earnings per share reported by Mylan N.V. for the previous quarter, Wall Street now forecasts 29.09% EPS growth.

Menora Mivtachim Holdings Ltd, which manages about $2.46B US Long portfolio, upped its stake in Amgen Inc (NASDAQ:AMGN) by 24,665 shares to 129,085 shares, valued at $24.07M in 2017Q3, according to the filing. It also increased its holding in Honeywell Intl Inc (NYSE:HON) by 123,760 shares in the quarter, for a total of 501,760 shares, and has risen its stake in Home Depot Inc (NYSE:HD).

Investors sentiment decreased to 0.33 in Q3 2017. Its down 1.00, from 1.33 in 2017Q2. It fall, as 3 investors sold MYL shares while 0 reduced holdings. 1 funds opened positions while 0 raised stakes. 155,019 shares or 7.99% less from 168,486 shares in 2017Q2 were reported. Gulf Int Bank & Trust (Uk) Limited reported 139,930 shares or 0.06% of all its holdings. 712 are held by Vantage Inv Lc.

Among 22 analysts covering Mylan Inc. (NASDAQ:MYL), 14 have Buy rating, 0 Sell and 8 Hold. Therefore 64% are positive. Mylan Inc. had 66 analyst reports since July 27, 2015 according to SRatingsIntel. Citigroup upgraded Mylan N.V. (NASDAQ:MYL) rating on Wednesday, August 16. Citigroup has “Buy” rating and $42.0 target. The stock of Mylan N.V. (NASDAQ:MYL) has “Hold” rating given on Wednesday, August 9 by Cantor Fitzgerald. The rating was initiated by Standpoint Research on Wednesday, August 26 with “Buy”. The firm earned “Strong Buy” rating on Monday, October 10 by Raymond James. The firm has “Buy” rating given on Monday, October 30 by BMO Capital Markets. Leerink Swann maintained the stock with “Outperform” rating in Wednesday, May 4 report. The firm has “Overweight” rating given on Monday, May 22 by Barclays Capital. The firm has “Buy” rating by UBS given on Thursday, October 5. The firm has “Market Perform” rating by Cowen & Co given on Monday, July 27. BMO Capital Markets maintained Mylan N.V. (NASDAQ:MYL) on Friday, September 29 with “Buy” rating.

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By1 Hazel Jackson

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