Creative Planning Acquires New Position in Myovant Sciences Ltd (NYSE:MYOV)

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Creative Planning acquired a new stake in shares of Myovant Sciences Ltd (NYSE:MYOV) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 11,818 shares of the company’s stock, valued at approximately $183,000.

Several other large investors also recently made changes to their positions in the stock. Eventide Asset Management LLC boosted its stake in Myovant Sciences by 9.6% in the 3rd quarter. Eventide Asset Management LLC now owns 4,694,917 shares of the company’s stock worth $24,414,000 after purchasing an additional 409,305 shares during the period. Great Point Partners LLC bought a new position in Myovant Sciences in the 3rd quarter worth approximately $1,690,000. Vanguard Group Inc. bought a new position in Myovant Sciences in the 2nd quarter worth approximately $1,119,000. LVW Advisors LLC bought a new position in Myovant Sciences in the 3rd quarter worth approximately $598,000. Finally, Morgan Stanley boosted its stake in Myovant Sciences by 1,970.7% in the 2nd quarter. Morgan Stanley now owns 74,337 shares of the company’s stock worth $673,000 after purchasing an additional 70,747 shares during the period. Institutional investors own 39.44% of the company’s stock.

Several research analysts have weighed in on MYOV shares. Zacks Investment Research upgraded Myovant Sciences from a “sell” rating to a “hold” rating in a research note on Thursday, January 30th. ValuEngine downgraded Myovant Sciences from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Citigroup started coverage on Myovant Sciences in a research note on Sunday, February 2nd. They issued a “neutral” rating and a $15.00 price target for the company. Goldman Sachs Group restated a “buy” rating and issued a $20.00 price target (up from $18.00) on shares of Myovant Sciences in a research note on Tuesday, November 19th. Finally, JMP Securities restated a “buy” rating and issued a $34.00 price target on shares of Myovant Sciences in a research note on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Myovant Sciences has an average rating of “Buy” and an average price target of $21.54.

In other news, insider Kim Sablich sold 2,585 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $16.22, for a total transaction of $41,928.70. Following the sale, the insider now directly owns 64,530 shares of the company’s stock, valued at approximately $1,046,676.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Frank Karbe sold 19,701 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $15.55, for a total value of $306,350.55. Following the sale, the insider now directly owns 43,324 shares in the company, valued at $673,688.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 4,046,099 shares of company stock worth $61,228,506 and have sold 46,144 shares worth $711,963. 3.68% of the stock is owned by corporate insiders.

Shares of MYOV opened at $11.71 on Friday. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -3.16 and a beta of 2.11. Myovant Sciences Ltd has a 1 year low of $4.14 and a 1 year high of $26.02. The business’s 50 day simple moving average is $13.77 and its 200-day simple moving average is $9.93. The company has a debt-to-equity ratio of 5.88, a current ratio of 2.79 and a quick ratio of 2.79.

Myovant Sciences (NYSE:MYOV) last issued its quarterly earnings data on Monday, February 10th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.80) by ($0.16). On average, sell-side analysts expect that Myovant Sciences Ltd will post -3.29 earnings per share for the current year.

Myovant Sciences Profile

Myovant Sciences Ltd., a clinical-stage biopharmaceutical company, focuses on developing and commercializing therapies for women's health and endocrine diseases. The company's lead product is relugolix, an oral, once-daily, small molecule that acts as a gonadotropin-releasing hormone receptor antagonist for the treatment of heavy menstrual bleeding related with uterine fibroids, endometriosis-associated pain, and advanced prostate cancer.

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Institutional Ownership by Quarter for Myovant Sciences (NYSE:MYOV)

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