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Mallinckrodt PLC (NYSE:MNK) major shareholder Paulson & Co Inc purchased 700,200 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were purchased at an average cost of $70.15 per share, for a total transaction of $49,119,030.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

MNK has been the subject of a number of recent research reports. Analysts at Leerink Swann cut their price target on shares of Mallinckrodt PLC from $90.00 to $77.00 in a research note on Friday. Separately, analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Mallinckrodt PLC in a research note on Friday. They now have a $77.00 price target on the stock, down previously from $90.00. Finally, analysts at Bank of America raised their price target on shares of Mallinckrodt PLC to $97.00 in a research note on Tuesday, July 29th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Mallinckrodt PLC presently has a consensus rating of “Buy” and a consensus price target of $85.78.

Mallinckrodt PLC (NYSE:MNK) traded down 2.01% during mid-day trading on Tuesday, hitting $68.12. 2,787,199 shares of the company’s stock traded hands. Mallinckrodt PLC has a one year low of $41.67 and a one year high of $83.20. The stock’s 50-day moving average is $74.56 and its 200-day moving average is $70.46. The company has a market cap of $3.990 billion and a P/E ratio of 61.47.

Mallinckrodt PLC (NYSE:MNK) last released its earnings data on Thursday, August 7th. The company reported $1.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.87 by $0.33. The company had revenue of $653.10 million for the quarter, compared to the consensus estimate of $278.80 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. On average, analysts predict that Mallinckrodt PLC will post $4.05 earnings per share for the current fiscal year.

Mallinckrodt public limited company (NYSE:MNK) is a global specialty pharmaceuticals company.

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