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Stock Market & Financial Investment News

News Breaks
July 28, 2014
08:17 EDTMGLN, CNC, HUM, WCG, MOHMCO sell-off provides buying opportunity, says Leerink
Leerink believes Friday’s sell-off of Managed Care Organizations following WellCare's (WCG) substantial earnings miss provides a buying opportunity. The firm views WellCare's issues as company specific and believes other companies factored Florida Medicaid Managed Assistance pressures into their outlooks. Leerink also reiterates an Outperform rating on Wellcare, citing the company's turnaround and takeout potential. Managed Care names that sold off Friday include Centene (CNC), Molina Healthcare (MOH), Humana (HUM) and Magellan Health (MGLN).
News For WCG;CNC;MOH;HUM;MGLN From The Last 14 Days
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December 17, 2014
10:51 EDTWCG, HUM, MOH, MGLN, CNCLeerink healthcare services analyst holds analyst/industry conference call
Healthcare Services Analyst Gupte provides outlook and favorite names for 2015 in the Hospitals and Managed Care Industry on an Analyst/Industry conference call to be held on December 18 at 1 pm.
December 16, 2014
08:50 EDTWCGWellCare appoints Blair Todt as Chief Legal and Administrative Officer
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08:13 EDTCNCCentene price target raised to $125 from $108 at Cantor
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07:57 EDTCNCCentene price target raised to $118 from $102 at Credit Suisse
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06:36 EDTMGLNMagellan Health reaffirms FY14 guidance
The company confirmed its FY14 guidance, which was most recently updated in October. “We’ve made great progress this year on our plan for growth, primarily related to our Magellan Complete Care and Pharmacy Management initiatives,” said the company. “In MCC, we are managing the total care of individuals with complex needs. We serve those with serious mental illness in Florida, and Medicaid Managed Long Term Care recipients in New York. In our pharmacy business, we now offer full service pharmacy capabilities to manage the entire drug spend of populations for health plan, employer, and government customers. We will continue to solidify our leadership position in population health management in the coming years across our behavioral health, pharmacy and specialty solutions businesses.”
06:34 EDTMGLNMagellan Health sees FY 15 adj. EPS $3.28-$3.73, consensus $2.67
Sees FY15 revenue $4.25B-$4.49B, consensus $4.47B. Sees FY15 EPS $1.90-$2.50, inclusive of share repurchases to date. For 2015, the company is assuming weighted average shares outstanding of 26.8M. The company also expects segment profit to be in the range of $265M-$285M. Cash flow from operations is expected to be in the range of $171M-$195M.
December 15, 2014
16:02 EDTWCGWellCare names current COO Kenneth Burdick as CEO
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09:01 EDTHUMHumana appoints Cynthia Zipperle as Chief Accounting Officer
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08:41 EDTCNCCentene price target raised to $120 from $100 at Leerink
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December 12, 2014
13:52 EDTHUMLeerink healthcare services analyst holds an analyst/industry conference call
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06:06 EDTCNCCentene sees FY15 EPS $5.05-$5.35, consensus $4.92
Sees FY15 premium and service revenues $20.3B-$20.8B.
06:05 EDTCNCCentene backs FY14 EPS view of $4.35-$4.50, consensus $4.28
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December 10, 2014
14:45 EDTCNC, HUM, WCG, MOHDeal would block payments to health insurance companies, The Hill says
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14:16 EDTMGLNMagellan Health to host conference call
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10:56 EDTHUMSaint Luke's enters into agreement with Humana
Saint Luke’s Health System and Humana announced an agreement through which Humana will offer a new health insurance plan to Missourians purchasing insurance through the Missouri Health Insurance Marketplace, also known as an exchange.
December 9, 2014
10:31 EDTCNCCentene to host investor meeting
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December 8, 2014
16:08 EDTMOHMolina Healthcare awarded contract to administer Puerto Rico’s Medicaid program
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December 5, 2014
09:41 EDTHUMHumana price target raised to $175 from $160 at Leerink
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08:01 EDTHUMWeight Watchers enters healthcare partnership with Humana
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06:58 EDTHUMHumana price target raised to $160 from $145 at Cantor
Cantor increased its price target on Humana as the firm expects Medicare and Medicaid enrollment to remain strong in 2014-15. The firm thinks the company is well-positioned to benefit from this trend, and it keeps a Buy rating on the shares.
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