$2.18 EPS Expected for Magellan Health, Inc. (MGLN)

February 14, 2018 - By Stephen Andrade

 $2.18 EPS Expected for Magellan Health, Inc. (MGLN)
Investors sentiment increased to 0.98 in 2017 Q3. Its up 0.10, from 0.88 in 2017Q2. It is positive, as 12 investors sold Magellan Health, Inc. shares while 76 reduced holdings. 32 funds opened positions while 54 raised stakes. 22.27 million shares or 3.44% more from 21.53 million shares in 2017Q2 were reported.
Nuveen Asset Ltd has 8,670 shares for 0% of their portfolio. Millennium Mgmt Lc invested in 547,001 shares or 0.07% of the stock. Arizona State Retirement Systems owns 12,312 shares. Breton Hill Capital Limited stated it has 3,200 shares. Aviance Cap Ptnrs Ltd Liability invested in 22,200 shares or 0.65% of the stock. Manufacturers Life Insurance Com The holds 0% or 18,013 shares. Fincl Bank Of Montreal Can holds 0.01% in Magellan Health, Inc. (NASDAQ:MGLN) or 162,463 shares. Moreover, Texas Permanent School Fund has 0.02% invested in Magellan Health, Inc. (NASDAQ:MGLN). First Quadrant L P Ca, California-based fund reported 32,361 shares. Connor Clark Lunn Management Ltd accumulated 6,461 shares. Robeco Institutional Asset Mgmt Bv owns 36,072 shares or 0.02% of their US portfolio. State Of Alaska Department Of Revenue has 0.02% invested in Magellan Health, Inc. (NASDAQ:MGLN) for 4,707 shares. Moreover, Ellington Mgmt Group Incorporated Ltd has 0.04% invested in Magellan Health, Inc. (NASDAQ:MGLN) for 2,500 shares. California State Teachers Retirement has invested 0.01% of its portfolio in Magellan Health, Inc. (NASDAQ:MGLN). Pub Sector Pension Invest Board holds 15,002 shares or 0.01% of its portfolio.

Since September 5, 2017, it had 0 insider buys, and 20 selling transactions for $25.03 million activity. 30,086 shares were sold by Rubin Jonathan N, worth $2.89M on Wednesday, January 3. The insider WEST JEFFREY N sold $1.64M. GREGOIRE DANIEL N had sold 35,658 shares worth $3.04 million on Wednesday, September 27. $1.33M worth of stock was sold by SMITH BARRY M on Thursday, February 1.

Analysts expect Magellan Health, Inc. (NASDAQ:MGLN) to report $2.18 EPS on February, 23.They anticipate $0.51 EPS change or 30.54 % from last quarter’s $1.67 EPS. MGLN’s profit would be $52.36 million giving it 10.79 P/E if the $2.18 EPS is correct. After having $1.52 EPS previously, Magellan Health, Inc.’s analysts see 43.42 % EPS growth. The stock decreased 0.37% or $0.35 during the last trading session, reaching $94.1. About 106,084 shares traded. Magellan Health, Inc. (NASDAQ:MGLN) has risen 5.31% since February 14, 2017 and is uptrending. It has underperformed by 11.39% the S&P500.

Magellan Health, Inc. (NASDAQ:MGLN) Ratings Coverage

Among 5 analysts covering Magellan Health (NASDAQ:MGLN), 3 have Buy rating, 1 Sell and 1 Hold. Therefore 60% are positive. Magellan Health had 21 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Magellan Health, Inc. (NASDAQ:MGLN) earned “Hold” rating by Raymond James on Friday, December 1. The rating was maintained by KeyBanc Capital Markets on Wednesday, September 20 with “Buy”. KeyBanc Capital Markets maintained the shares of MGLN in report on Friday, December 1 with “Buy” rating. Jefferies maintained the shares of MGLN in report on Friday, July 28 with “Buy” rating. The stock has “Buy” rating by Jefferies on Friday, October 13. The firm has “Buy” rating by Jefferies given on Friday, December 1. The stock of Magellan Health, Inc. (NASDAQ:MGLN) has “Overweight” rating given on Friday, July 14 by KeyBanc Capital Markets. Jefferies maintained it with “Buy” rating and $76 target in Monday, September 26 report. The firm has “Underweight” rating given on Wednesday, January 6 by Barclays Capital. Jefferies maintained the stock with “Buy” rating in Wednesday, June 7 report.

Magellan Health, Inc. engages in the healthcare management business in the United States. The company has market cap of $2.26 billion. The company's Healthcare segment engages in the management of behavioral healthcare services and employee assistance program services; management of other specialty areas, including diagnostic imaging and musculoskeletal management; and the integrated management of physical, behavioral, and pharmaceutical healthcare for special populations comprising individuals with serious mental illness, dual eligibles, long-term services and supports, and other populations with unique and often complex healthcare needs. It has a 24.91 P/E ratio. This segment provides its healthcare services through its comprehensive network of medical and behavioral health professionals, clinics, hospitals, and ancillary service providers.

More recent Magellan Health, Inc. (NASDAQ:MGLN) news were published by: Businesswire.com which released: “Magellan Health Continues Innovation and Efforts to Improve Outcomes for …” on January 16, 2018. Also Businesswire.com published the news titled: “Magellan Health Receives Regulatory Approvals to Acquire Senior Whole Health” on October 09, 2017. Businesswire.com‘s news article titled: “Magellan Health Closes on Acquisition of Senior Whole Health” with publication date: October 31, 2017 was also an interesting one.

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