Myriad Genetics, Inc. (MYGN) VP Sells $498,763.75 in Stock
Myriad Genetics, Inc. (NASDAQ:MYGN) VP Richard M. Marsh sold 13,759 shares of the business’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $36.25, for a total transaction of $498,763.75. Following the completion of the sale, the vice president now directly owns 136,385 shares of the company’s stock, valued at approximately $4,943,956.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Myriad Genetics, Inc. (NASDAQ MYGN) traded down $0.26 during mid-day trading on Tuesday, reaching $35.79. The company had a trading volume of 1,073,954 shares, compared to its average volume of 567,490. The firm has a market capitalization of $2,500.00, a P/E ratio of 24.18, a PEG ratio of 2.29 and a beta of 0.24. Myriad Genetics, Inc. has a fifty-two week low of $15.15 and a fifty-two week high of $37.30. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.06 and a current ratio of 2.34.
Myriad Genetics (NASDAQ:MYGN) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. The business had revenue of $190.20 million during the quarter, compared to the consensus estimate of $183.52 million. Myriad Genetics had a return on equity of 9.54% and a net margin of 13.28%. Myriad Genetics’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. analysts anticipate that Myriad Genetics, Inc. will post 1.05 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. CS Mckee LP raised its stake in Myriad Genetics by 0.3% in the second quarter. CS Mckee LP now owns 30,000 shares of the company’s stock valued at $775,000 after purchasing an additional 100 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Myriad Genetics by 1.0% during the second quarter. Public Employees Retirement System of Ohio now owns 143,036 shares of the company’s stock worth $3,696,000 after acquiring an additional 1,480 shares in the last quarter. TrimTabs Asset Management LLC raised its stake in Myriad Genetics by 17.2% during the third quarter. TrimTabs Asset Management LLC now owns 11,798 shares of the company’s stock worth $427,000 after acquiring an additional 1,728 shares in the last quarter. Riverhead Capital Management LLC raised its stake in Myriad Genetics by 80.9% during the second quarter. Riverhead Capital Management LLC now owns 4,161 shares of the company’s stock worth $107,000 after acquiring an additional 1,861 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in Myriad Genetics by 3.6% during the third quarter. Stifel Financial Corp now owns 54,408 shares of the company’s stock worth $1,968,000 after acquiring an additional 1,900 shares in the last quarter.
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Myriad Genetics Company Profile
Myriad Genetics, Inc is a molecular diagnostic company. The Company is engaged in the discovery, development and marketing of transformative molecular diagnostic tests. The Company operates through two segments: diagnostics and other. The diagnostics segment provides testing and collaborative development of testing that is designed to assess an individual’s risk for developing disease later in life, identify a patient’s likelihood of responding to drug therapy and guide a patient’s dosing to enable optimal treatment, or assess a patient’s risk of disease progression and disease recurrence.
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