5 Stocks to Buy According to Michael Rothenberg’s Moab Capital

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In this article, we will take a look at the 5 stocks to buy according to Michael Rothenberg’s Moab Capital. If you want to read our comprehensive analysis of the history, investment philosophy, and hedge fund preference of Moab Capital, you can go directly to 10 Stocks to Buy According to Michael Rothenberg’s Moab Capital.

5. Magellan Health Inc (NASDAQ:MGLN)

Moab Capital’s Stake Value: $2.043 million

Percentage of Moab Capital’s 13F Portfolio: 4.98%

Number of Hedge Fund Holders as of Q3 2021: 23

Magellan Health Inc (NASDAQ:MGLN), based in Phoenix, Arizona, is a healthcare company that develops solutions and health plans for institutions, employers, and state and federal healthcare programs. The company announced its Q3 2021 revenue of $1.25 billion on November 5 this year. The revenue grew year over year by 6.8% and surpassed consensus by $40 million. However, Magellan Health Inc (NASDAQ:MGLN)’s Q3 EPS of $0.03 was short of estimates by $0.34.

Moab Capital holds over 21,000 shares of Magellan Health Inc (NASDAQ:MGLN) as of Q3 2021, worth over $2 million and accounting for almost 5% of the fund’s portfolio. Jeffrey Smith’s Starboard Value LP  is the leading shareholder in Magellan Health Inc (NASDAQ:MGLN) with 2.3 million shares worth more than $223 million. Overall, out of the 867 elite hedge funds being tracked by Insider Monkey, 23 were bullish on Magellan Health Inc (NASDAQ:MGLN) by the end of the third quarter of 2021.

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