Commonwealth Equity Services LLC lessened its holdings in athenahealth, Inc (NASDAQ:ATHN) by 43.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,292 shares of the health services provider’s stock after selling 3,257 shares during the period. Commonwealth Equity Services LLC’s holdings in athenahealth were worth $613,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of ATHN. American International Group Inc. acquired a new stake in shares of athenahealth in the fourth quarter worth $124,000. Meadow Creek Investment Management LLC acquired a new stake in shares of athenahealth in the fourth quarter worth $132,000. Flinton Capital Management LLC boosted its position in shares of athenahealth by 62.2% in the first quarter. Flinton Capital Management LLC now owns 1,168 shares of the health services provider’s stock worth $167,000 after buying an additional 448 shares during the period. Riverhead Capital Management LLC boosted its position in shares of athenahealth by 63.0% in the first quarter. Riverhead Capital Management LLC now owns 1,320 shares of the health services provider’s stock worth $189,000 after buying an additional 510 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of athenahealth in the fourth quarter worth $207,000.
In other athenahealth news, insider Daniel P. Haley sold 1,107 shares of the firm’s stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $149.40, for a total transaction of $165,385.80. Following the transaction, the insider now directly owns 12,383 shares in the company, valued at $1,850,020.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Jonathan Bush sold 25,000 shares of the firm’s stock in a transaction dated Monday, May 7th. The shares were sold at an average price of $155.00, for a total value of $3,875,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,979 shares of company stock worth $6,247,204. Corporate insiders own 2.90% of the company’s stock.
ATHN opened at $159.14 on Friday. athenahealth, Inc has a 1 year low of $111.61 and a 1 year high of $163.94. The company has a quick ratio of 2.71, a current ratio of 2.71 and a debt-to-equity ratio of 0.25. The firm has a market cap of $6.42 billion, a P/E ratio of 101.36, a PEG ratio of 2.97 and a beta of 1.26.
athenahealth (NASDAQ:ATHN) last posted its earnings results on Thursday, April 26th. The health services provider reported $1.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.53. athenahealth had a return on equity of 13.01% and a net margin of 6.77%. The company had revenue of $329.40 million for the quarter, compared to analyst estimates of $318.13 million. During the same period last year, the company earned $0.32 earnings per share. The business’s revenue was up 15.4% compared to the same quarter last year. analysts predict that athenahealth, Inc will post 2.9 earnings per share for the current year.
Several brokerages have recently commented on ATHN. BidaskClub raised athenahealth from a “sell” rating to a “hold” rating in a research report on Wednesday, June 20th. Oppenheimer raised their target price on athenahealth from $158.00 to $179.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 19th. Leerink Swann set a $160.00 target price on athenahealth and gave the stock a “hold” rating in a research report on Thursday, June 7th. Piper Jaffray Companies raised their target price on athenahealth from $155.00 to $179.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 6th. Finally, Deutsche Bank raised their target price on athenahealth from $160.00 to $170.00 and gave the stock a “hold” rating in a research report on Tuesday, May 22nd. Eighteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $154.81.
athenahealth Company Profile
athenahealth, Inc, together with its subsidiaries, provides network-based medical record, revenue cycle, patient engagement, care coordination, and population health services for medical groups and health systems. It offers athenaCollector, a network-enabled billing and practice management solution; athenaClinicals, an electronic health record for managing patient's clinical documentation; athenaCommunicator, an engagement and communication solution that provides an automated communication service between patients and provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services.
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