*Magellan Health INC (MGLN) Stake Held by Hood River Capital Management Llc

June 27, 2018 - By Daniel Cummings

Magellan Health, Inc. (NASDAQ:MGLN) Corporate LogoDuring 2018 Q1 the big money sentiment decreased to 1.03. That’s change of 0.42, from 2017Q4’s 1.45. 19 investors sold all, 84 reduced holdings as MGLN ratio dived. 66 rose holdings while 40 funds bought holdings. Funds hold 23.17 million shares thus 2.42% more from 2017Q4’s 22.62 million shares. Smith Asset Mngmt Grp Limited Partnership stated it has 26,591 shs or 0.09% of all its holdings. Teacher Retirement System Of Texas, a Texas-based fund reported 5,321 shs. Connor Clark & Lunn Mgmt Limited stated it has 0% of its capital in Magellan Health, Inc. (NASDAQ:MGLN). Amer Century Incorporated stated it has 0% of its capital in Magellan Health, Inc. (NASDAQ:MGLN). 90 are owned by Us National Bank & Trust De. Meeder Asset Mngmt holds 0% of its capital in Magellan Health, Inc. (NASDAQ:MGLN) for 186 shs. California State Teachers Retirement stated it has 0.01% of its capital in Magellan Health, Inc. (NASDAQ:MGLN). Prelude Lc holds 0% in Magellan Health, Inc. (NASDAQ:MGLN) or 527 shs. Koch has invested 0.07% in Magellan Health, Inc. (NASDAQ:MGLN). Fmr Llc invested 0.02% in Magellan Health, Inc. (NASDAQ:MGLN). Moreover, Schwab Charles Invest Management Inc has 0.01% invested in Magellan Health, Inc. (NASDAQ:MGLN) for 175,207 shs. Altalis Cap Management Limited stated it has 3.21% of its capital in Magellan Health, Inc. (NASDAQ:MGLN). Security National Tru invested in 0.04% or 1,000 shs. Victory Management accumulated 417,740 shs. 56 are owned by Glenmede Tru Com Na.

MGLN had 11 sales and 0 insider purchases since January 2, 2018. This’s net activity of $16.27 million. Kamal Mostafa had sold 1,666 shs worth $176,929. SMITH BARRY M sold $1.38 million worth of stock. On Monday, March 5 Shares for $2.27 million were sold by GREGOIRE DANIEL N.

The stake In Magellan Health Inc (MGLN) was reduced held by Hood River Capital Management Llc. According to 2018Q1 Securities and Exchange filling the decrease is 8.03%. 44,160 shares were sold by Hood River Capital Management Llc as the company’s stock declined 6.81% with the market. At the end of 2018Q1, the 505,778 shares of the health care company held by the institutional investor were valued at $54.17M, down from 549,938 at the end of the previous reported quarter. $2.38 billion is Magellan Health Inc’s market cap. MGLN is hitting $98.15 during the last trading session, after increased 0.05%.Magellan Health, Inc. has volume of 21,799 shares. Since June 27, 2017 MGLN has risen 30.19% and is uptrending. The stock outperformed the S&P500 by 17.62%.

About $698.72 million and $1.78 billion US Long portfolio Hood River Capital Management Llc manages. It rose its stake in Tivity Health Inc by 122,339 shares to 1.24 million shares, valued at $49.04 million in 2018Q1, according to the filing. Hood River Capital Management Llc has risen its stake in Boingo Wireless Inc (NASDAQ:WIFI) and also increased its holding in Vocera Communications Inc (NYSE:VCRA) by 144,835 shares in the quarter, for a total of 431,241 shares.

Magellan Health, Inc. (NASDAQ:MGLN)’s earnings report is expected on July, 27., Faxor reports. The earnings per share diference is $0.63 or 136.96 % up from last years number. Previous year: $0.46; Analysts forcast: $1.09. If $1.09 is reported, MGLN’s profit will hit $26.38M for 22.51 P/E. Wall Street predicts 36.25 % EPS growth as of July, 27.

Another two news for Magellan Health, Inc. (NASDAQ:MGLN) were briefly published by: Streetinsider.com on May 29, 2018 with title “Magellan Health (MGLN) Appoints Swati Abbott and Matthew J. Simas to Board”. The other Nasdaq.com‘s article was titled “Recent Analysis Shows Alamo Group, Rockwell Medical, Central Garden & Pet, Magellan Health, MaxLinear, and WD …” and published on June 21, 2018.

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

A total of 3 analysts rate Magellan Health (NASDAQ:MGLN) as follows: 3 “Buy”, 0 “Hold” and 0 “Sell”. Тherefore 100% are bullish. The firm has $120.0 highest and $10000 lowest target. The avg target $110 is 12.07% above the last ($98.15) price. (NASDAQ:MGLN) has 4 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Friday, April 27 Leerink Swann maintained the shares of MGLN in report with “Buy” rating. On Thursday, March 15 the stock of Magellan Health, Inc. (NASDAQ:MGLN) earned “Buy” rating by Leerink Swann. On Friday, March 23 the firm earned “Buy” rating by Jefferies. The company rating was upgraded by Raymond James on Tuesday, May 1.

Magellan Health, Inc. (NASDAQ:MGLN) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.