MGLN - Magellan Health, Inc.
| 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 |
-
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.
-
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.
-
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.
-
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.
-
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
-
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.
-
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.
-
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...
-
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
-
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,.
-
Motley Fool • 2 months agoMagellan 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.
