Myriad Genetics, Inc. (MYGN) VP Sells $1,515,573.50 in Stock

Myriad Genetics, Inc. (NASDAQ:MYGN) VP Richard M. Marsh sold 37,654 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $40.25, for a total value of $1,515,573.50. Following the sale, the vice president now owns 157,648 shares of the company’s stock, valued at approximately $6,345,332. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Shares of Myriad Genetics, Inc. (NASDAQ MYGN) traded up $1.26 during trading hours on Monday, reaching $39.88. 1,171,895 shares of the company’s stock traded hands, compared to its average volume of 703,162. 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, Inc. has a 52 week low of $15.15 and a 52 week high of $40.36. The firm has a market cap of $2,760.00, a P/E ratio of 26.95, a P/E/G ratio of 2.45 and a beta of 0.24.

Myriad Genetics (NASDAQ:MYGN) last announced its earnings results on Tuesday, November 7th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.05. Myriad Genetics had a net margin of 13.28% and a return on equity of 9.54%. The company had revenue of $190.20 million for the quarter, compared to the consensus estimate of $183.52 million. During the same period in the previous year, the business earned $0.23 EPS. The company’s revenue was up 7.2% on a year-over-year basis. analysts expect that Myriad Genetics, Inc. will post 1.05 EPS for the current year.

A number of large investors have recently made changes to their positions in the business. Acadian Asset Management LLC raised its stake in Myriad Genetics by 18.4% during the 4th quarter. Acadian Asset Management LLC now owns 2,205,297 shares of the company’s stock valued at $75,743,000 after purchasing an additional 343,196 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Myriad Genetics by 4.7% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 660,729 shares of the company’s stock valued at $22,693,000 after purchasing an additional 29,797 shares during the period. Convergence Investment Partners LLC acquired a new stake in Myriad Genetics during the 4th quarter valued at $3,787,000. Louisiana State Employees Retirement System raised its stake in Myriad Genetics by 7.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 29,800 shares of the company’s stock valued at $1,023,000 after purchasing an additional 2,100 shares during the period. Finally, Parametric Portfolio Associates LLC raised its stake in Myriad Genetics by 5.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 353,673 shares of the company’s stock valued at $12,796,000 after purchasing an additional 17,439 shares during the period.

A number of brokerages have recently commented on MYGN. Zacks Investment Research upgraded Myriad Genetics from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research report on Tuesday, October 17th. BTIG Research set a $41.00 price objective on Myriad Genetics and gave the company a “buy” rating in a research report on Tuesday, January 16th. Morgan Stanley reiterated an “underweight” rating and set a $24.00 price objective (up previously from $17.00) on shares of Myriad Genetics in a research report on Friday, October 6th. ValuEngine downgraded Myriad Genetics from a “buy” rating to a “hold” rating in a research report on Thursday, November 2nd. Finally, BidaskClub upgraded Myriad Genetics from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $30.55.

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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.

Insider Buying and Selling by Quarter for Myriad Genetics (NASDAQ:MYGN)

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