NASDAQ:MGLN - Magellan Health Stock Price, News, & Analysis

Sign in or create an account to add this stock to your watchlist.
$66.57 -0.63 (-0.94 %)
(As of 03/20/2019 02:52 AM ET)
Previous Close$67.20
Today's Range$66.18 - $67.24
52-Week Range$51.88 - $112.25
Volume216,371 shs
Average Volume324,548 shs
Market Capitalization$1.59 billion
P/E Ratio27.28
Dividend YieldN/A
Beta0.48
Magellan Health, Inc. provides healthcare management services in the United States. It operates in Healthcare and Pharmacy Management segments. The Healthcare segment offers carve-out management services for behavioral health; employee assistance plans (EAP); and other areas of specialty healthcare, including diagnostic imaging, musculoskeletal management, cardiac, and physical medicine for health plans, care organizations, and employers. It also contracts with local, state, and federal governmental agencies to provide services to recipients under Medicaid, Medicare, and other government programs, such as behavioral health and EAP, as well as healthcare management and long term support services through its network of medical and behavioral health professionals, clinics, hospitals, nursing facilities, home care agencies, and ancillary service providers. The Pharmacy Management segment comprises products and solutions that provide clinical and financial management of pharmaceuticals paid under medical and pharmacy benefit programs. This segment offers pharmacy benefit management services, pharmacy benefit administration for state Medicaid and other government sponsored programs, pharmaceutical dispensing services, clinical and formulary management programs, medical pharmacy management programs, and programs for the integrated management of specialty drugs that treat complex conditions. The company provides services to health plans and other managed care organizations, employers, labor unions, various military and governmental agencies, and third party administrators. Magellan Health, Inc. was founded in 1969 and is headquartered in Scottsdale, Arizona.

Receive MGLN News and Ratings via Email

Sign-up to receive the latest news and ratings for MGLN and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Industry Hospitals
Sub-IndustryManaged Health Care
SectorMedical
Current SymbolNASDAQ:MGLN
CUSIP55907920
Phone602-572-6050

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$7.31 billion
Cash Flow$8.3109 per share
Book Value$52.99 per share

Profitability

Net Income$24.18 million

Miscellaneous

Employees10,500
Market Cap$1.59 billion
Next Earnings Date4/25/2019 (Estimated)
OptionableOptionable

Magellan Health (NASDAQ:MGLN) Frequently Asked Questions

What is Magellan Health's stock symbol?

Magellan Health trades on the NASDAQ under the ticker symbol "MGLN."

How were Magellan Health's earnings last quarter?

Magellan Health Inc (NASDAQ:MGLN) released its quarterly earnings results on Thursday, February, 28th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by $1.96. Magellan Health had a return on equity of 4.67% and a net margin of 0.33%. View Magellan Health's Earnings History.

When is Magellan Health's next earnings date?

Magellan Health is scheduled to release their next quarterly earnings announcement on Thursday, April 25th 2019. View Earnings Estimates for Magellan Health.

What guidance has Magellan Health issued on next quarter's earnings?

Magellan Health updated its FY19 earnings guidance on Thursday, February, 28th. The company provided earnings per share (EPS) guidance of $3.70-4.69 for the period, compared to the Thomson Reuters consensus estimate of $4.19. The company issued revenue guidance of $7.2-7.5 billion, compared to the consensus revenue estimate of $7.25 billion.Magellan Health also updated its FY 2019 guidance to $3.70-4.69 EPS.

What price target have analysts set for MGLN?

4 brokerages have issued 1-year price objectives for Magellan Health's stock. Their forecasts range from $68.00 to $84.00. On average, they anticipate Magellan Health's stock price to reach $73.50 in the next year. This suggests a possible upside of 10.4% from the stock's current price. View Analyst Price Targets for Magellan Health.

What is the consensus analysts' recommendation for Magellan Health?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Magellan Health in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Magellan Health.

Has Magellan Health been receiving favorable news coverage?

Media coverage about MGLN stock has trended somewhat negative recently, according to InfoTrie. The research group rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Magellan Health earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the stock's share price in the near future.

Who are some of Magellan Health's key competitors?

What other stocks do shareholders of Magellan Health own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Magellan Health investors own include Energy Transfer LP Unit (ET), Ford Motor (F), Netflix (NFLX), Cornerstone Total Return Fund (CRF), UnitedHealth Group (UNH), Cypress Semiconductor (CY), ConocoPhillips (COP), General Motors (GM), D. R. Horton (DHI) and Boston Scientific (BSX).

Who are Magellan Health's key executives?

Magellan Health's management team includes the folowing people:
  • Mr. Barry Morgan Smith, Chairman . CEO & CEO of Magellan Healthcare (Age 65)
  • Mr. Jonathan Neal Rubin, Chief Financial Officer (Age 55)
  • Mr. Daniel N. Gregoire, Gen. Counsel & Sec. (Age 63)
  • Mr. Mostafa M. Kamal, Chief Exec. Officer of Magellan Rx Management (Age 38)
  • Ms. Renie Shapiro Silver, SVP - Corp. Fin.

Who are Magellan Health's major shareholders?

Magellan Health's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.71%), Dimensional Fund Advisors LP (8.45%), Victory Capital Management Inc. (3.14%), Northern Trust Corp (3.00%), Prudential PLC (1.82%) and Norges Bank (1.68%). Company insiders that own Magellan Health stock include Barry M Smith, Clapper Caskie Lewis, Daniel N Gregoire, Jeffrey N West, Jonathan N Rubin and Mostafa Kamal. View Institutional Ownership Trends for Magellan Health.

Which institutional investors are selling Magellan Health stock?

MGLN stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Fisher Asset Management LLC, Millennium Management LLC, QS Investors LLC, SG Americas Securities LLC, Citigroup Inc., Geode Capital Management LLC and Geode Capital Management LLC. View Insider Buying and Selling for Magellan Health.

Which institutional investors are buying Magellan Health stock?

MGLN stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Engaged Capital LLC, Victory Capital Management Inc., Two Sigma Advisers LP, Two Sigma Investments LP, Prudential PLC, D. E. Shaw & Co. Inc. and Bank of America Corp DE. View Insider Buying and Selling for Magellan Health.

How do I buy shares of Magellan Health?

Shares of MGLN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Magellan Health's stock price today?

One share of MGLN stock can currently be purchased for approximately $66.57.

How big of a company is Magellan Health?

Magellan Health has a market capitalization of $1.59 billion and generates $7.31 billion in revenue each year. The company earns $24.18 million in net income (profit) each year or $2.44 on an earnings per share basis. Magellan Health employs 10,500 workers across the globe.

What is Magellan Health's official website?

The official website for Magellan Health is http://www.magellanhealth.com.

How can I contact Magellan Health?

Magellan Health's mailing address is 4800 SCOTTSDALE ROAD, SCOTTSDALE AZ, 85251. The company can be reached via phone at 602-572-6050 or via email at [email protected]


MarketBeat Community Rating for Magellan Health (NASDAQ MGLN)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  291 (Vote Outperform)
Underperform Votes:  297 (Vote Underperform)
Total Votes:  588
MarketBeat's community ratings are surveys of what our community members think about Magellan Health and other stocks. Vote "Outperform" if you believe MGLN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MGLN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/20/2019 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel