Geode Capital Management LLC grew its stake in shares of athenahealth, Inc (NASDAQ:ATHN) by 2.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 342,540 shares of the health services provider’s stock after acquiring an additional 7,198 shares during the quarter. Geode Capital Management LLC owned about 0.85% of athenahealth worth $45,571,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of ATHN. American International Group Inc. acquired a new position in shares of athenahealth during the 4th quarter valued at about $124,000. The Manufacturers Life Insurance Company increased its position in athenahealth by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,179 shares of the health services provider’s stock worth $166,000 after purchasing an additional 84 shares in the last quarter. Columbia Partners L L C Investment Management acquired a new stake in athenahealth during the 4th quarter worth approximately $204,000. Ameriprise Financial Inc. acquired a new stake in athenahealth during the 2nd quarter worth approximately $206,000. Finally, Lakeview Capital Partners LLC acquired a new stake in athenahealth during the 4th quarter worth approximately $295,000.
ATHN has been the subject of a number of research analyst reports. KeyCorp reissued a “buy” rating and set a $152.00 target price on shares of athenahealth in a research report on Friday, January 12th. SunTrust Banks increased their target price on shares of athenahealth to $180.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Piper Jaffray Companies reissued a “buy” rating and set a $160.00 target price on shares of athenahealth in a research report on Friday, February 16th. Royal Bank of Canada set a $141.00 target price on shares of athenahealth and gave the stock a “hold” rating in a research report on Thursday, February 15th. Finally, BidaskClub raised shares of athenahealth from a “sell” rating to a “hold” rating in a research report on Saturday, December 16th. Three equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the stock. athenahealth has an average rating of “Hold” and an average price target of $144.35.
athenahealth, Inc (ATHN) opened at $143.00 on Friday. The company has a market capitalization of $5,734.01, a P/E ratio of 84.62, a PEG ratio of 2.47 and a beta of 1.17. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.84 and a current ratio of 1.84. athenahealth, Inc has a one year low of $95.01 and a one year high of $158.66.
athenahealth (NASDAQ:ATHN) last released its earnings results on Thursday, February 1st. The health services provider reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.48. The company had revenue of $329.20 million during the quarter, compared to analysts’ expectations of $319.64 million. athenahealth had a return on equity of 9.21% and a net margin of 4.35%. The business’s revenue was up 14.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.62 EPS. sell-side analysts anticipate that athenahealth, Inc will post 2.69 earnings per share for the current year.
In other news, Director Amy Abernethy sold 500 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $134.18, for a total transaction of $67,090.00. Following the completion of the transaction, the director now directly owns 4,045 shares in the company, valued at approximately $542,758.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jonathan Bush sold 25,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $145.00, for a total value of $3,625,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,705 shares of company stock valued at $14,891,199. Company insiders own 3.20% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “athenahealth, Inc (ATHN) Shares Bought by Geode Capital Management LLC” was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2018/03/18/athenahealth-inc-athn-shares-bought-by-geode-capital-management-llc.html.
athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.
Want to see what other hedge funds are holding ATHN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for athenahealth, Inc (NASDAQ:ATHN).
Receive News & Ratings for athenahealth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for athenahealth and related companies with MarketBeat.com's FREE daily email newsletter.