Shares of Mallinckrodt PLC (NYSE MNK) opened at 44.51 on Friday. About 2.00 million shares traded. The value of the investment in (MNK) increased from $7,125,000 to $7,521,000 a change of $396,000 quarter over quarter.
A number of other large investors also recently added to or reduced their stakes in MNK. Wells Fargo & Company MN now owns 164,309 shares of the company's stock valued at $7,322,000 after buying an additional 14,485 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Mallinckrodt PLC by 1,455.5% in the first quarter. Vanguard Group Inc. now owns 10,247,891 shares of the company's stock valued at $456,748,000 after buying an additional 103,924 shares during the period. LS Investment Advisors LLC increased its stake in shares of Mallinckrodt PLC by 18.5% in the first quarter. BlackRock Inc. now owns 8,734,709 shares of the company's stock worth $389,307,000 after buying an additional 8,524,773 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Mallinckrodt PLC during the first quarter valued at $115,000. Elm Ridge Management Llc who had been investing in Mbia Inc for a number of months, seems to be bullish on the $1.28B market cap company. $50,466 worth of Mallinckrodt PLC (NYSE:MNK) shares were bought by Trudeau Mark.
The share price of Mallinckrodt plc (NYSE:MNK) was down -6.69% during the last trading session, with a day high of 40.83.
The company's Average Earnings Estimate for the Current Fiscal quarter is $1.96, according to consensus of 15 analysts. The stock of Mallinckrodt PLC (NYSE:MNK) earned "Outperform" rating by Leerink Swann on Wednesday, October 7. The business had revenue of $824.50 million for the quarter, compared to analyst estimates of $829.56 million. The institutional investor held 84,599 shares of the major pharmaceuticals company at the end of 2016Q4, valued at $4.22M, down from 212,299 at the end of the previous reported quarter. The business's quarterly revenue was down 4.9% on a year-over-year basis.
COPYRIGHT VIOLATION NOTICE: "Mallinckrodt PLC (NYSE:MNK) Given a $56.00 Price Target by Deutsche Bank AG Analysts" was reported by Transcript Daily and is the property of of Transcript Daily. If you are viewing this article on another domain, it was illegally stolen and republished in violation of global copyright & trademark legislation. The correct version of this story can be viewed at https://www.thecerbatgem.com/2017/08/09/mallinckrodt-plc-mnk-given-a-87-00-price-target-by-canaccord-genuity-analysts.html. Piper Jaffray Companies set a $85.00 price target on Mallinckrodt PLC and gave the company a buy rating in a research note on Sunday, July 16th. Oppenheimer Holdings, Inc. set a $70.00 price objective on Mallinckrodt PLC and gave the company a buy rating in a report on Friday, July 28th.
Swine Flu claims two more lives in Odisha, toll reaches 3
Meanwhile, the number of persons affected by H1N1 virus has increased to 59 with 13 fresh cases coming to light on Tuesday. Notably, the state government has directed the hospitals to create isolated wards for the swine flu patients.
11/18/2016 - Mallinckrodt plc had its "buy" rating reiterated by analysts at Deutsche Bank. Jefferies Group LLC reissued a buy rating and issued a $70.00 price objective on shares of Mallinckrodt PLC in a report on Friday, April 21st.
Several other equities analysts have also recently weighed in on the company. The company presently has an average rating of "Buy" and a consensus target price of $74.09.
In related news, VP Coleman N. Lannum III purchased 1,350 shares of the business's stock in a transaction on Friday, June 2nd. Following the transaction, the vice president now owns 30,955 shares in the company, valued at $1,327,659.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The stock was acquired at an average cost of $40.24 per share, with a total value of $40,240.00. The disclosure for this purchase can be found here. Insiders have acquired 5,818 shares of company stock worth $248,608 in the last quarter. Company insiders own 0.53% of the company's stock.
Mallinckrodt public limited company, launched on January 9, 2013, develops, manufactures, markets and distributes branded and generic specialty pharmaceutical products and therapies. The Company focuses on various therapeutic areas, such as autoimmune and rare disease specialty areas, including neurology, rheumatology, nephrology, ophthalmology and pulmonology; immunotherapy and neonatal critical care respiratory therapies; analgesics and hemostasis products, and central nervous system drugs.
- The Goodyear Tire & Rubber Company - GT - Stock Price Today
- Rory to go with three wedge setup, add 3-iron for PGA
- Wiz Khalifa's Mom is Suing Amber Rose For Defamation
- SAP SE (SAP) Shares Bought by Smithfield Trust Co
- Federal Report Warns Of Climate Change Dangers, Now Awaits Trump Administration Approval
- Golden buzzer for Flint's Johnny Manuel on 'America's Got Talent'
- Insider Trading at Independence Realty Trust Inc.?
- China, Vietnam meeting cancelled amid rising South China Sea tensions
- Barcelona raises Coutinho offer as Liverpool star pushes for move
- Target Corporation (NYSE:TGT) Shares Sold by Jarislowsky Fraser Ltd