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Magellan Health Inc (MGLN.OQ)

MGLN.OQ on NASDAQ Stock Exchange Global Select Market

59.95USD
14 Dec 2018
Change (% chg)

$-2.61 (-4.17%)
Prev Close
$62.56
Open
$61.83
Day's High
$61.83
Day's Low
$59.23
Volume
178,620
Avg. Vol
102,918
52-wk High
$112.15
52-wk Low
$51.92

Latest Key Developments (Source: Significant Developments)

Starboard Value Lp Reports 9.8 Pct Stake In Magellan Health As Of Dec 3
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - Magellan Health Inc ::STARBOARD VALUE LP REPORTS 9.8 PERCENT STAKE IN MAGELLAN HEALTH INC AS OF DEC 3 - SEC FILING.STARBOARD VALUE LP - BELIEF SHARES OF MAGELLAN HEALTH, WHEN PURCHASED, WERE UNDERVALUED, REPRESENTED "ATTRACTIVE" INVESTMENT OPPORTUNITY.  Full Article

Magellan Health Inc - Expects Net Revenue In Range Of $7.2 To $7.5 Billion In 2019
Friday, 7 Dec 2018 

Magellan Health Inc ::MAGELLAN HEALTH ANNOUNCES FULL YEAR 2019 GUIDANCE.MAGELLAN HEALTH ANNOUNCES FULL YEAR 2019 GUIDANCE.EXPECTS NET REVENUE IN RANGE OF $7.2 TO $7.5 BILLION IN 2019.SEES 2019 ADJUSTED EPS RANGE OF $3.70 TO $4.69.SEES 2019 EARNINGS PER SHARE $2.14 TO $3.25.FY2019 EARNINGS PER SHARE VIEW $4.50, REVENUE VIEW $7.11 BILLION -- REFINITIV IBES DATA.MAGELLAN HEALTH - CONFIRMING ITS 2018 FULL YEAR GUIDANCE AS DETAILED IN ITS Q3 2018 EARNINGS RELEASE.BEGUN A MULTI-YEAR MARGIN IMPROVEMENT PLAN..RECOGNIZE THAT CO'S MARGINS "ARE NOT AT INDUSTRY COMPETITIVE LEVELS".FY2018 EARNINGS PER SHARE VIEW $4.57, REVENUE VIEW $7.35 BILLION -- REFINITIV IBES DATA.SEES FULL YEAR 2019 SAME STORE GROWTH WITHIN EXISTING CONTRACTS.  Full Article

Magellan Health Inc says employment Of Sam K. Srivastava, CEO Of Magellanhealthcare Inc Will End On Dec 28, 2018
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - Magellan Health Inc ::MAGELLAN HEALTH INC - EMPLOYMENT OF SAM K. SRIVASTAVA, CEO OF MAGELLANHEALTHCARE, INC WILL END ON DECEMBER 28, 2018 - SEC FILING.MAGELLAN HEALTH INC - BARRY M. SMITH, CHAIRMAN, CEO OF CO, WILL ASSUME DUTIES OF CEO OF MAGELLAN HEALTHCARE IN ADDITION TO HIS CURRENT DUTIES.MAGELLAN HEALTH INC - SRIVASTAVA’S EMPLOYMENT WILL BE TERMINATED WITHOUT CAUSE AS DEFINED IN HIS EMPLOYMENT AGREEMENT DATED SEPT 18, 2013.  Full Article

Magellan Health Says Co Verbally Agreed To A Settlement In Principle With Florida Agency For Health Care Administration
Monday, 27 Aug 2018 

Aug 27 (Reuters) - Magellan Health Inc ::MAGELLAN HEALTH - ON AUG. 27, CO VERBALLY AGREED TO A SETTLEMENT IN PRINCIPLE WITH FLORIDA AGENCY FOR HEALTH CARE ADMINISTRATION.MAGELLAN HEALTH - SETTLEMENT IN PRINCIPLE WITH AHCA IN REGARDS TO CO'S PROTEST, ONCE SETTLEMENT IS EXECUTED WILL WITHDRAW PROTEST.MAGELLAN HEALTH - PER PRELIM TERMS OF SETTLEMENT, FL MHS WILL BE AWARDED CONTRACT EXTENDING THROUGH SEPT 30, 2023.MAGELLAN HEALTH INC - DOES NOT EXPECT CONTRACT TO HAVE A MATERIAL CONTRIBUTION TO EARNINGS IN 2019.MAGELLAN HEALTH INC - COMPANY WILL NO LONGER SERVE MEMBERS IN REGIONS 2, 6, 9, 10, AND 11.  Full Article

Magellan Health Qtrly Earnings Per Share $0.53
Friday, 27 Jul 2018 

July 27 (Reuters) - Magellan Health Inc ::MAGELLAN HEALTH REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS.Q2 REVENUE $1.8 BILLION VERSUS I/B/E/S VIEW $1.88 BILLION.QTRLY EARNINGS PER SHARE $0.53.QTRLY ADJUSTED EARNINGS PER SHARE $0.92.LOWERING ITS 2018 FULL YEAR EARNINGS GUIDANCE.NOW ANTICIPATES SEGMENT PROFIT IN RANGE OF $330 MILLION TO $350 MILLION.EXPECTS 2018 REVENUE IN RANGE OF $7.3 BILLION TO $7.5 BILLION.SEES 2018 EPS IN RANGE OF $3.65 TO $4.59 AND ADJUSTED EPS IN RANGE OF $5.18 TO $5.96.  Full Article

Magellan Health Sees FY18 Adj Earnings Per Share Between $5.68 - $6.47
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Magellan Health Inc ::MAGELLAN HEALTH ANNOUNCES FULL YEAR 2018 GUIDANCE.MAGELLAN HEALTH INC - SEES FY 2018 NET REVENUE $7,500.0 MILLION - $7,800.0 MILLION.MAGELLAN HEALTH INC SEES FULL YEAR 2018 ADJUSTED EARNINGS PER SHARE IN RANGE $5.68 - $6.47.MAGELLAN HEALTH INC - AFFIRMING ITS 2017 FULL YEAR GUIDANCE.MAGELLAN HEALTH INC SEES SEGMENT PROFIT FOR FULL YEAR 2018 IS EXPECTED TO BE IN RANGE OF $414 TO $436 MILLION.MAGELLAN HEALTH INC - SEES FULL YEAR 2018 EARNINGS PER SHARE IN RANGE OF $4.52 TO $5.48.  Full Article

Magellan Health reports qtrly earnings per share $1.32
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Magellan Health Inc :Magellan Health reports third quarter 2017 financial results.Q3 revenue $1.4 billion versus I/B/E/S view $1.49 billion.Sees FY 2017 adjusted earnings per share $5.45 to $5.86.Sees FY 2017 earnings per share $4.10 to $4.51.Qtrly earnings per share $1.32​.Qtrly adjusted earnings per share $1.64.Q3 earnings per share view $1.40 -- Thomson Reuters I/B/E/S.‍Estimates FY17 revenue in range of $5.75 billion to $5.85 billion​.FY2017 earnings per share view $5.13, revenue view $5.80 billion -- Thomson Reuters I/B/E/S.  Full Article

Magellan Health Inc receives regulatory approvals to acquire Senior Whole Health
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Magellan Health Inc :Magellan Health Inc receives regulatory approvals to acquire Senior Whole Health.Magellan Health Inc - ‍Magellan now expects closing of agreement to acquire Senior Whole Health on or before December 31, 2017.​.  Full Article