MGLN - Magellan Health, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
64.80
+3.07 (+4.97%)
At close: 4:00PM EDT
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Previous Close 61.73
Open 61.85
Bid 64.50 x 1100
Ask 64.96 x 800
Day's Range 60.95 - 65.49
52 Week Range 51.88 - 112.14
Volume 705,740
Avg. Volume 316,425
Market Cap 1.55B
Beta (3Y Monthly) 0.60
PE Ratio (TTM) 66.80
EPS (TTM) 0.97
Earnings Date May 2, 2019
Forward Dividend & Yield N/A (N/A)
Ex-Dividend Date N/A
1y Target Est 77.00
Trade prices are not sourced from all markets
  • Moody's yesterday

    Magellan Health, Inc. -- Moody's announces completion of a periodic review of ratings of Magellan Health, Inc.

    Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Magellan Health, Inc. New York, April 18, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Magellan Health, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

  • Magellan Rx Management Biosimilar Program Shifts Infliximab Utilization by 86% in First Year, Resulting in 34% Drug Cost Savings
    Business Wire 3 days ago

    Magellan Rx Management Biosimilar Program Shifts Infliximab Utilization by 86% in First Year, Resulting in 34% Drug Cost Savings

    Magellan Rx Management, the pharmacy benefit management division of Magellan Health, Inc. , released new data today showcasing results from its medical pharmacy program focused on biosimilar management.

  • Is Magellan Health, Inc.'s (NASDAQ:MGLN) 1.9% ROE Worse Than Average?
    Simply Wall St. 8 days ago

    Is Magellan Health, Inc.'s (NASDAQ:MGLN) 1.9% ROE Worse Than Average?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). To keep the lesson grounded in practicality, we...

  • Business Wire 9 days ago

    Magellan Health Announces First Quarter 2019 Earnings Conference Call

    Magellan Health, Inc. today announced that it will report its earnings for the first quarter ended on March 31, 2019 at approximately 6:30 a.m. Eastern Time on Thursday, May 2, 2019.

  • Markit 10 days ago

    See what the IHS Markit Score report has to say about Magellan Health Inc.

    Magellan Health Inc NASDAQ/NGS:MGLNView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for MGLN with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MGLN. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold MGLN had net inflows of $2.16 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Healthcare sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Magellan Health (MGLN) Down 3.2% Since Last Earnings Report: Can It Rebound?
    Zacks 20 days ago

    Magellan Health (MGLN) Down 3.2% Since Last Earnings Report: Can It Rebound?

    Magellan Health (MGLN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Relenting to investor pressure, Scottsdale health care company agrees to board changes
    American City Business Journals 21 days ago

    Relenting to investor pressure, Scottsdale health care company agrees to board changes

    A New York hedge fund has forced its way onto the board of Magellan Health, with four of its directors to be added.

  • Reuters 21 days ago

    Magellan Health bows to Starboard pressure, names four to board

    Magellan Health Inc said on Friday it reached an agreement with hedge fund Starboard Value LP to add four new independent directors to the board, including the former chief executive officer of the U.S. healthcare plan and pharmacy benefits manager. Starboard, which owns 9.8 percent stake in the company, has agreed to withdraw its slate of alternate directors and vote in favor of all of the board nominees, the company said in a statement. Reuters reported on Thursday that Magellan was nearing an agreement with Starboard to expand the size of its board and add a representative from the hedge fund as a director.

  • Reuters 21 days ago

    Magellan Health signs board deal with Starboard Value

    Magellan Health Inc said on Friday it entered into an agreement with Starboard Value LP allowing four new independent directors to join the pharmacy benefits manager's board immediately. After the upcoming ...

  • MarketWatch 21 days ago

    Magellan Health reaches agreement with activist investor Starboard on board nominees

    Magellan Health Inc. said Friday it has reached an agreement with activist investor Starboard Value L.P., as four new independent directors will join the health care services company's board of directors. In turn, Starboard, which owns about 9.8% of Magellan's shares outstanding, will withdraw its slate of alternate board nominees, and support all Magellan Health's nominees. The nominees include Peter Feld, managing member and head of research at Starboard; Leslie Norwalk, acting administrator for the Centers for Medicare & Medicaid Services; Guay Sansone, Managing Director at Alvarez & Marsal; and Steven Shulman, former CEO of Magellan. Magellan's stock, which was still inactive in premarket trade, has dropped 39.1% over the past 12 months, while the SPDR Health Care Select Sector ETF has rallied 11.4% and the S&P 500 has gained 6.6%.

  • Business Wire 21 days ago

    Magellan Health Announces Agreement with Starboard

    Magellan Health, Inc. (MGLN) today announced that it has entered into an agreement with Starboard Value LP (together with certain of its affiliates, “Starboard”), which owns approximately 9.8% of the Company’s outstanding common stock.

  • Reuters 22 days ago

    Exclusive: Magellan Health nears board deal with hedge fund Starboard Value - sources

    NEW YORK/BOSTON (Reuters) - U.S. healthcare plan and pharmacy benefits manager Magellan Health Inc is nearing an agreement with Starboard Value LP to expand the size of its board by several seats, including a representative from the activist hedge fund, three sources familiar with the matter said on Thursday. Starboard declined to comment. The hedge fund said that although the company operates in an industry that is poised for growth, it has underperformed because of operational missteps and poor capital allocation.

  • Business Wire last month

    Magellan Health Provides Free Counseling Services and Referrals to Local Community Resources to Individuals Impacted by Floods in Nebraska

    Counseling and resources available free-of-charge to local community

  • From the Editor: Ready to rumble? Corporate raider takes aim at Valley company
    American City Business Journals last month

    From the Editor: Ready to rumble? Corporate raider takes aim at Valley company

    It’s not often a high-profile activist investor comes to town, but one that quite often barges into boardrooms has appeared on our radar screen now that New York hedge fund Starboard Value LP has taken aim at a publicly traded company in the Valley.

  • Activist investor looks to take over Scottsdale health care company board
    American City Business Journals last month

    Activist investor looks to take over Scottsdale health care company board

    One of the publicly traded company's largest shareholders, a seasoned corporate raider who has orchestrated shakeups multiple times, is seeking major changes to the board of directors.

  • Have Insiders Been Buying Magellan Health, Inc. (NASDAQ:MGLN) Shares This Year?
    Simply Wall St. last month

    Have Insiders Been Buying Magellan Health, Inc. (NASDAQ:MGLN) Shares This Year?

    We often see insiders buying up shares in companies that perform well over the long term. Unfortunately, there are also plenty of examples of share prices declining precipitously after insidersRead More...

  • Magellan Health Down Nearly 40%, in a Year: What's Next?
    Zacks last month

    Magellan Health Down Nearly 40%, in a Year: What's Next?

    Stiff competition and subdued profitability is weighing on shares of Magellan Health (MGLN).

  • Thomson Reuters StreetEvents last month

    Edited Transcript of MGLN earnings conference call or presentation 28-Feb-19 1:30pm GMT

    Q4 2018 Magellan Health Inc Earnings Call

  • eBay Chooses Peace with Elliott—for Now
    Market Realist last month

    eBay Chooses Peace with Elliott—for Now

    What’s Happening in e-Commerce: EBAY, JD, SHOP, ETSY, & PDDExploring options for StubHub and Classifieds businessesThis month, eBay (EBAY) announced some form of settlement with activist investors Elliott Management and Starboard Value. The

  • GlobeNewswire last month

    Investor Expectations to Drive Momentum within Magellan Health, Medtronic, CME Group, United Parcel Service, Diebold Nixdorf, and The AES — Discovering Underlying Factors of Influence

    NEW YORK, March 05, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

  • Magellan Health Inc (MGLN) Q4 2018 Earnings Conference Call Transcript
    Motley Fool 2 months ago

    Magellan Health Inc (MGLN) Q4 2018 Earnings Conference Call Transcript

    MGLN earnings call for the period ending December 31, 2018.

  • Business Wire 2 months ago

    Magellan Health Provides Free Counseling Services and Referrals to Local Community Resources to Individuals Impacted by Floods in California

    Counseling and resources available free-of-charge to local community

  • Business Wire 2 months ago

    Magellan Health Reports Fourth Quarter and Full Year 2018 Financial Results

    Magellan Health, Inc. today announced financial results for the fourth quarter and full year ended December 31, 2018, as summarized below:

  • Business Wire 2 months ago

    Magellan Health to Consider Director Nominations

    Magellan Health, Inc. (MGLN) today acknowledged that Starboard Value LP (“Starboard”) has provided notice of its intent to nominate six candidates to stand for election to the Board of Directors at the Company’s 2019 Annual Meeting of Shareholders. Starboard stated that it expects that five of the Company's nine current Board members will be standing for election at the Annual Meeting, and if that remains the case, Starboard has indicated that it would withdraw one of its six director candidates.