Altalis Capital Management Has Trimmed Stake in Magellan Health (MGLN) by $6.88 Million; Intel Cap (INTC) Stock Rose While Srb Raised by $11.91 Million Its Position

August 10, 2018 - By Matt Emery

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Altalis Capital Management Llc decreased its stake in Magellan Health Inc (MGLN) by 72.37% based on its latest 2018Q1 regulatory filing with the SEC. Altalis Capital Management Llc sold 64,306 shares as the company’s stock declined 6.81% with the market. The hedge fund held 24,547 shares of the health care company at the end of 2018Q1, valued at $2.63 million, down from 88,853 at the end of the previous reported quarter. Altalis Capital Management Llc who had been investing in Magellan Health Inc for a number of months, seems to be less bullish one the $1.85B market cap company. The stock decreased 0.40% or $0.3 during the last trading session, reaching $75.6. About 82,400 shares traded. Magellan Health, Inc. (NASDAQ:MGLN) has risen 30.19% since August 10, 2017 and is uptrending. It has outperformed by 17.62% the S&P500. Some Historical MGLN News: 21/03/2018 – Magellan Health Opens a Toll-Free Crisis Line to Provide Free Counseling and Referral Services to Residents Impacted by the Hig; 26/04/2018 – Magellan Health 1Q Rev $1.81B; 21/05/2018 – Magellan Health Named to the Fortune 500 List of America‚Äôs Largest Companies; 24/04/2018 – MAGELLAN HEALTH INC SAYS COMPANY PLANS TO FILE A PROTEST WITH AHCA – SEC FILING; 14/05/2018 – Fidelity Adds Magellan Health, Exits Dermira, Cuts Amgen; 17/04/2018 – Magellan Rx Management Announces Results from Hemophilia Management Program in Honor of World Hemophilia Day; 26/04/2018 – Magellan Health Sees FY Adj EPS $5.90-Adj EPS $6.68; 26/04/2018 – MOODY’S: NON-RENEWAL OF MAGELLAN’S FLORIDA CONTRACT CREDIT NEG; 15/03/2018 – Magellan Health: Mary Sammons to Retire From Board in May; 07/03/2018 Magellan Health Volume Jumps More Than Six Times 20 Day Average

Srb Corp increased its stake in Intel Corp Cap (INTC) by 6.17% based on its latest 2018Q1 regulatory filing with the SEC. Srb Corp bought 229,069 shares as the company’s stock rose 12.89% while stock markets declined. The institutional investor held 3.94 million shares of the semiconductors company at the end of 2018Q1, valued at $205.22M, up from 3.71M at the end of the previous reported quarter. Srb Corp who had been investing in Intel Corp Cap for a number of months, seems to be bullish on the $225.25B market cap company. The stock decreased 2.57% or $1.29 during the last trading session, reaching $48.85. About 25.36 million shares traded or 0.70% up from the average. Intel Corporation (NASDAQ:INTC) has risen 52.90% since August 10, 2017 and is uptrending. It has outperformed by 40.33% the S&P500. Some Historical INTC News: 26/04/2018 – INTEL 1Q REV. $16.1B, EST. $15.1B; BOOSTS YEAR FORECAST; 17/05/2018 – Intel Corporation’s (INTC) CEO Brian Krzanich Hosts 2018 Stockholders’ Meeting (Transcript); 02/04/2018 – DDN Named Datacenter Platform Partner of the Year at Intel Technology Partner Awards, Recognizing its Market Leadership at; 15/03/2018 – ASETEK A/S ASETEK.OL – IN ANTICIPATION OF FORTHCOMING PRODUCT ANNOUNCEMENTS, ASETEK TODAY ANNOUNCED AN ONGOING COLLABORATION WITH INTEL TO PROVIDE HOT WATER LIQUID COOLING; 10/05/2018 – BMW: REACHNOW TO BRING SERVICE TO INTEL’S HILLSBORO, OR SITES; 29/05/2018 – [24]7.ai Appoints Former Intel Executive as new CFO; 11/04/2018 – DOJ’s Rosenstein shows House Intel Committee the document that sparked FBI’s Russia probe; 15/05/2018 – SOROS FUND MANAGEMENT – CHANGE IN HOLDINGS ARE AS OF MARCH 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF DEC 31, 2017; 10/04/2018 – Fortanix Presenting on Protecting Containerized Apps With Runtime Encryption at 2018 RSA Conference; Demonstrating New Capabilities With Partners Intel and Equinix on Expo Floor; 14/03/2018 – Mark R. Warner: Senate Intel Vice Chairman Warner Urges WH to Make Security Clearance Reform a Top Priority

More recent Magellan Health, Inc. (NASDAQ:MGLN) news were published by: Benzinga.com which released: “36 Stocks Moving In Friday’s Pre-Market Session” on July 27, 2018. Also Benzinga.com published the news titled: “55 Stocks Moving In Friday’s Mid-Day Session” on July 27, 2018. Benzinga.com‘s news article titled: “62 Biggest Movers From Friday” with publication date: July 30, 2018 was also an interesting one.

Among 5 analysts covering Magellan Health (NASDAQ:MGLN), 4 have Buy rating, 1 Sell and 0 Hold. Therefore 80% are positive. Magellan Health had 26 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Friday, March 23. The rating was maintained by Jefferies with “Buy” on Friday, December 1. The company was maintained on Wednesday, June 7 by Jefferies. The stock has “Outperform” rating by Raymond James on Monday, July 30. The stock has “Sector Perform” rating by Scotia Capital on Tuesday, August 11. The rating was upgraded by Leerink Swann on Thursday, March 15 to “Buy”. Barclays Capital maintained Magellan Health, Inc. (NASDAQ:MGLN) rating on Wednesday, November 23. Barclays Capital has “Underweight” rating and $69 target. The company was upgraded on Friday, July 14 by KeyBanc Capital Markets. Jefferies maintained Magellan Health, Inc. (NASDAQ:MGLN) on Monday, September 26 with “Buy” rating. The firm has “Buy” rating by Jefferies given on Friday, October 13.

Altalis Capital Management Llc, which manages about $283.10M and $81.90 million US Long portfolio, upped its stake in Equity Comwlth (NYSE:EQC) by 10,316 shares to 126,724 shares, valued at $3.89M in 2018Q1, according to the filing.

Investors sentiment decreased to 1.03 in 2018 Q1. Its down 0.42, from 1.45 in 2017Q4. It dropped, as 19 investors sold MGLN shares while 84 reduced holdings. 40 funds opened positions while 66 raised stakes. 23.17 million shares or 2.42% more from 22.62 million shares in 2017Q4 were reported. Parkside Comml Bank invested in 17 shares. Old Mutual Customised Solutions (Proprietary) holds 0.01% of its portfolio in Magellan Health, Inc. (NASDAQ:MGLN) for 1,100 shares. California Pub Employees Retirement System holds 75,314 shares or 0.01% of its portfolio. Gsa Ltd Liability Partnership has 0.03% invested in Magellan Health, Inc. (NASDAQ:MGLN). Petrus Trust Lta has 0.06% invested in Magellan Health, Inc. (NASDAQ:MGLN). Eam Invsts Ltd Com stated it has 27,685 shares or 0.49% of all its holdings. 55,879 were accumulated by State Bank Of America De. 56,900 are held by Mackenzie Fincl. Citadel Advsr Ltd has invested 0% in Magellan Health, Inc. (NASDAQ:MGLN). Rhumbline Advisers, a Massachusetts-based fund reported 59,757 shares. Howe & Rusling holds 1,820 shares or 0.04% of its portfolio. Eqis Capital Mgmt Inc reported 0.03% stake. Highbridge Capital Mngmt Limited Liability Company stated it has 38,785 shares or 0.07% of all its holdings. Robeco Institutional Asset Management Bv reported 1,294 shares. Jpmorgan Chase And invested in 693,237 shares or 0.02% of the stock.

Analysts await Magellan Health, Inc. (NASDAQ:MGLN) to report earnings on November, 7. They expect $1.24 EPS, down 18.42% or $0.28 from last year’s $1.52 per share. MGLN’s profit will be $30.41M for 15.24 P/E if the $1.24 EPS becomes a reality. After $0.91 actual EPS reported by Magellan Health, Inc. for the previous quarter, Wall Street now forecasts 36.26% EPS growth.

Since March 1, 2018, it had 0 insider purchases, and 8 insider sales for $10.37 million activity. $1.38 million worth of Magellan Health, Inc. (NASDAQ:MGLN) was sold by SMITH BARRY M on Monday, April 2. 22,875 shares valued at $2.27M were sold by GREGOIRE DANIEL N on Monday, March 5.

Among 57 analysts covering Intel Corporation (NASDAQ:INTC), 32 have Buy rating, 6 Sell and 19 Hold. Therefore 56% are positive. Intel Corporation had 292 analyst reports since August 7, 2015 according to SRatingsIntel. As per Friday, August 10, the company rating was downgraded by Goldman Sachs. Canaccord Genuity maintained Intel Corporation (NASDAQ:INTC) on Thursday, July 27 with “Hold” rating. The company was upgraded on Friday, September 25 by JMP Securities. The company was maintained on Tuesday, September 26 by RBC Capital Markets. The stock has “Buy” rating by Susquehanna on Tuesday, July 25. As per Tuesday, May 17, the company rating was initiated by CLSA. Nomura maintained it with “Buy” rating and $40 target in Wednesday, October 19 report. The rating was maintained by Deutsche Bank with “Buy” on Friday, January 26. Credit Suisse upgraded it to “Buy” rating and $55.0 target in Friday, January 26 report. As per Thursday, January 25, the company rating was maintained by Stifel Nicolaus.

More notable recent Intel Corporation (NASDAQ:INTC) news were published by: Seekingalpha.com which released: “Intel: Facing Competition, But Still Strong” on August 09, 2018, also Nasdaq.com with their article: “Intel’s (INTC) Q2 Earnings to Ride on DCG, IoT, NAND & Cloud” published on July 24, 2018, Nasdaq.com published: “Get into Bank Stocks Soon Because Inflation Is on the Way” on August 09, 2018. More interesting news about Intel Corporation (NASDAQ:INTC) were released by: Benzinga.com and their article: “Barclays: The Market Believes AMD Is Gaining On Intel” published on August 06, 2018 as well as Seekingalpha.com‘s news article titled: “Intel Vs. Nvidia: The Easy Path For Intel” with publication date: August 08, 2018.

Since February 21, 2018, it had 0 insider purchases, and 14 insider sales for $9.26 million activity. On Monday, April 23 the insider Shenoy Navin sold $26,052. On Tuesday, May 8 YOFFIE DAVID B sold $1.33M worth of Intel Corporation (NASDAQ:INTC) or 25,000 shares. 3,072 Intel Corporation (NASDAQ:INTC) shares with value of $162,134 were sold by Krzanich Brian M. Shares for $31,943 were sold by McBride Kevin Thomas. 35,693 Intel Corporation (NASDAQ:INTC) shares with value of $1.89M were sold by BRYANT ANDY D. On Tuesday, May 8 the insider HUNDT REED E sold $1.07M.

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

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