Long Position on HNT @ $51.13 on 1/7/2015 (Fundamentals)

Health Net, Inc. (HNT) provides managed health care services through health plans and government-sponsored managed care plans in the United States.

It operates through Western Region Operations and Government Contracts segments.

The company offers various health care services, including ambulatory and outpatient physician care, hospital care, pharmacy services, behavioral health, and ancillary diagnostic and therapeutic services.

It also offers health plans, such as a matrix package, which allows employers and members to select their desired coverage from various alternatives; and commercial health care products comprising health maintenance organization plans, preferred provider organization (PPO) plans, point of service plans, and exclusive provider organization (EPO) plans. In addition, the company provides various Medicare products, including Medicare advantage plans with and without prescription drug coverage; and Medicare supplement products that supplement traditional fee-for-service Medicare coverage.

Further, the company offers Medicaid and related products; insured PPO, EPO, and indemnity products; auxiliary non-health products, such as life, accidental death and dismemberment, dental, vision, and behavioral health insurance; and other specialty services and products comprising pharmacy benefits, behavioral health, dental, and vision products and services, as well as managed care products for hospitals, health plans, and other entities.

Additionally, it is involved in government-sponsored managed care federal contract with the Department of Defense under the TRICARE program; and other health care, mental health, and behavioral health government contracts. The company also provides administrative services comprising provider network management, referral management, medical management, disease management, enrollment, customer service, clinical support service, and claims processing.

Shares are sitting at a support level (its 50-day moving average) as well as a flat support level. Higher share prices are expected for this stock.

52-Week Trading Range: $29.93 - $55.19

Entry Point: $51.13

Stop Loss: $48.55

Target Price: $56.24 

Updates

1/23/2015 10:09:35 AM

Closing HNT at $56.25 after it reached our target.

Position closed on 1/23/2015 at price of $56.25 with a 10.01% gain in 16 days.

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