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MGLN Magellan Health

Magellan Health, Inc. engages in the business of healthcare management. It operates through the following segments: Healthcare, Pharmacy Management and Corporate. The Healthcare segment comprises of the Commercial and Government reporting units. The Pharmacy Management segment offers products and solutions that provide clinical and financial management of pharmaceuticals paid under both the medical and the pharmacy benefit. The Corporate segment covers amounts not allocated to the Healthcare and Pharmacy Management segments. The company was founded in 1969 and is headquartered in Phoenix, AZ.

Company profile

Ticker
MGLN
Exchange
CEO
Kenneth J. Fasola
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CHARTER MEDICAL CORP, MAGELLAN HEALTH SERVICES INC
SEC CIK
IRS number
581076937

MGLN stock data

(
)

Calendar

30 Apr 21
14 Jun 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 456.31M 456.31M 456.31M 456.31M 456.31M 456.31M
Cash burn (monthly) 229.38M (positive/no burn) (positive/no burn) 480.25K 25.96M (positive/no burn)
Cash used (since last report) 565.98M n/a n/a 1.18M 64.05M n/a
Cash remaining -109.67M n/a n/a 455.12M 392.26M n/a
Runway (months of cash) -0.5 n/a n/a 947.7 15.1 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
5 Mar 21 Jeffrey N West Ordinary Common Stock, $0.01 par value Payment of exercise Dispose F No No 93.29 677 63.16K 25,692
5 Mar 21 Jeffrey N West Ordinary Common Stock, $0.01 par value Option exercise Aquire M No No 0 1,447 0 26,369
5 Mar 21 Jeffrey N West Ordinary Common Stock, $0.01 par value Option exercise Aquire M No No 0 839 0 24,922
5 Mar 21 Jeffrey N West RSU Common Stock Option exercise Dispose M No No 0 1,447 0 1,447
5 Mar 21 Jeffrey N West RSU Common Stock Option exercise Dispose M No No 0 839 0 0
4 Mar 21 Kenneth J Fasola Ordinary Common Stock, $0.01 par value Payment of exercise Dispose F No No 93.47 4,366 408.09K 11,937
4 Mar 21 Kenneth J Fasola Ordinary Common Stock, $0.01 par value Option exercise Aquire M No No 0 11,099 0 16,303
4 Mar 21 Kenneth J Fasola RSU Common Stock Option exercise Dispose M No No 0 11,099 0 22,196
4 Mar 21 Clapper Caskie Lewis Ordinary Common Stock, $0.01 par value Payment of exercise Dispose F No No 93.47 1,109 103.66K 24,195
4 Mar 21 Clapper Caskie Lewis Ordinary Common Stock, $0.01 par value Option exercise Aquire M No No 0 2,435 0 25,304

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

96.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 182 187 -2.7%
Opened positions 44 30 +46.7%
Closed positions 49 19 +157.9%
Increased positions 55 67 -17.9%
Reduced positions 59 67 -11.9%
13F shares
Current Prev Q Change
Total value 4.7B 2.13B +120.4%
Total shares 25.24M 25.73M -1.9%
Total puts 23.6K 151K -84.4%
Total calls 16K 6.7K +138.8%
Total put/call ratio 1.5 22.5 -93.5%
Largest owners
Shares Value Change
BLK Blackrock 3.8M $354.54M +3.3%
Vanguard 2.48M $231.56M +4.4%
Starboard Value 2.37M $220.9M 0.0%
Dimensional Fund Advisors 1.71M $159.38M -7.6%
Magnetar Financial 1.37M $128.14M NEW
STT State Street 938.63K $87.52M +0.2%
Victory Capital Management 920.99K $85.87M -32.9%
Segall Bryant & Hamill 859.87K $80.18M -4.5%
Arp Americas 757.74K $70.65M NEW
Alpine Associates Management 687.29K $64.08M NEW
Largest transactions
Shares Bought/sold Change
Magnetar Financial 1.37M +1.37M NEW
Arp Americas 757.74K +757.74K NEW
Alpine Associates Management 687.29K +687.29K NEW
Point72 Asset Management 0 -642.9K EXIT
Brown Advisory 4.36K -630.73K -99.3%
Millennium Management 644.77K +505.6K +363.3%
Hawk Ridge Capital Management 0 -499.71K EXIT
Water Island Capital 484.45K +484.45K NEW
WHG Westwood 0 -452.94K EXIT
Victory Capital Management 920.99K -451.78K -32.9%

Financial report summary

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Competition
Cigna
Management Discussion
  • Net revenue, cost of care, cost of goods sold, and direct service costs and other operating expense variances are addressed within the segment results that follow.
  • Depreciation and amortization expense decreased by 10.9 percent or $12.0 million from 2019 to 2020, primarily due to asset maturities and office impairments, partially offset by normal asset additions in the current year.
  • Interest expense decreased by $5.0 million from 2019 to 2020 primarily due to lower interest rates and lower debt balances.
Content analysis
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