Point72 Asset Management L.P. Takes $8.51 Million Position in athenahealth, Inc (ATHN)

Point72 Asset Management L.P. acquired a new stake in athenahealth, Inc (NASDAQ:ATHN) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 53,500 shares of the health services provider’s stock, valued at approximately $8,514,000.

Several other large investors have also recently bought and sold shares of the company. Morgan Stanley boosted its stake in shares of athenahealth by 0.6% in the 2nd quarter. Morgan Stanley now owns 4,565,845 shares of the health services provider’s stock valued at $726,608,000 after purchasing an additional 25,304 shares during the last quarter. BlackRock Inc. boosted its stake in athenahealth by 3.7% during the second quarter. BlackRock Inc. now owns 1,739,544 shares of the health services provider’s stock worth $276,833,000 after acquiring an additional 62,665 shares in the last quarter. ARK Investment Management LLC boosted its stake in athenahealth by 12.0% during the second quarter. ARK Investment Management LLC now owns 549,035 shares of the health services provider’s stock worth $87,373,000 after acquiring an additional 58,631 shares in the last quarter. Toronto Dominion Bank boosted its stake in athenahealth by 116.0% during the second quarter. Toronto Dominion Bank now owns 442,300 shares of the health services provider’s stock worth $70,372,000 after acquiring an additional 237,500 shares in the last quarter. Finally, Stephens Investment Management Group LLC boosted its stake in athenahealth by 1.2% during the second quarter. Stephens Investment Management Group LLC now owns 289,591 shares of the health services provider’s stock worth $45,984,000 after acquiring an additional 3,519 shares in the last quarter.

ATHN opened at $144.16 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.62 and a current ratio of 2.62. athenahealth, Inc has a 1-year low of $111.61 and a 1-year high of $163.94. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of 91.82, a price-to-earnings-growth ratio of 2.58 and a beta of 0.95.

athenahealth (NASDAQ:ATHN) last released its quarterly earnings data on Monday, July 30th. The health services provider reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.47. athenahealth had a net margin of 8.71% and a return on equity of 14.71%. The firm had revenue of $323.30 million for the quarter, compared to the consensus estimate of $334.77 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. equities research analysts anticipate that athenahealth, Inc will post 3.22 earnings per share for the current year.

ATHN has been the topic of several research analyst reports. BidaskClub lowered shares of athenahealth from a “sell” rating to a “strong sell” rating in a research note on Friday, August 10th. Oppenheimer increased their target price on shares of athenahealth from $158.00 to $179.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 12th. Canaccord Genuity increased their target price on shares of athenahealth from $125.00 to $160.00 and gave the stock a “hold” rating in a research note on Tuesday, July 31st. Deutsche Bank increased their target price on shares of athenahealth from $160.00 to $170.00 and gave the stock a “hold” rating in a research note on Tuesday, May 22nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $140.00 target price (up from $134.00) on shares of athenahealth in a research note on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven 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 $156.55.

About athenahealth

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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Institutional Ownership by Quarter for athenahealth (NASDAQ:ATHN)

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