athenahealth Inc. (ATHN) Position Raised by Vanguard Group Inc.
Vanguard Group Inc. increased its position in athenahealth Inc. (NASDAQ:ATHN) by 2.1% during the second quarter, according to its most recent filing with the SEC. The fund owned 2,761,611 shares of the company’s stock after buying an additional 56,201 shares during the period. Vanguard Group Inc. owned about 7.02% of athenahealth worth $381,130,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in athenahealth by 4.6% in the first quarter. Geode Capital Management LLC now owns 245,893 shares of the company’s stock worth $34,125,000 after buying an additional 10,803 shares during the last quarter. State Street Corp boosted its stake in shares of athenahealth by 3.2% in the first quarter. State Street Corp now owns 457,047 shares of the company’s stock valued at $63,430,000 after buying an additional 14,099 shares in the last quarter. Riverhead Capital Management LLC acquired a new stake in shares of athenahealth during the first quarter valued at $984,000. Pitcairn Co. boosted its stake in shares of athenahealth by 7.7% in the second quarter. Pitcairn Co. now owns 3,094 shares of the company’s stock valued at $427,000 after buying an additional 221 shares in the last quarter. Finally, Loomis Sayles & Co. L P acquired a new stake in shares of athenahealth during the first quarter valued at $1,871,000.
Shares of athenahealth Inc. (NASDAQ:ATHN) traded up 0.04% during midday trading on Thursday, reaching $125.00. 16,906 shares of the company’s stock were exchanged. athenahealth Inc. has a 12-month low of $114.59 and a 12-month high of $170.42. The firm has a 50-day moving average of $122.94 and a 200-day moving average of $129.97. The stock has a market capitalization of $4.92 billion, a P/E ratio of 459.56 and a beta of 1.28.
athenahealth (NASDAQ:ATHN) last announced its earnings results on Thursday, July 21st. The company reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by $0.08. The company had revenue of $261.90 million for the quarter, compared to the consensus estimate of $274.07 million. athenahealth had a net margin of 1.06% and a return on equity of 5.16%. Analysts anticipate that athenahealth Inc. will post $1.77 EPS for the current fiscal year.
Several analysts recently weighed in on ATHN shares. Zacks Investment Research cut shares of athenahealth from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. Stifel Nicolaus started coverage on shares of athenahealth in a research note on Wednesday, August 31st. They issued a “hold” rating on the stock. Leerink Swann reissued a “hold” rating on shares of athenahealth in a research note on Thursday, June 16th. FBR & Co reduced their price objective on shares of athenahealth from $145.00 to $140.00 and set a “market perform” rating on the stock in a research note on Friday, July 22nd. Finally, Canaccord Genuity reissued a “hold” rating and issued a $142.00 price objective on shares of athenahealth in a research note on Wednesday, June 29th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. athenahealth currently has an average rating of “Hold” and a consensus price target of $149.58.
In related news, Director John A. Kane sold 2,875 shares of athenahealth stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $128.81, for a total transaction of $370,328.75. Following the completion of the transaction, the director now directly owns 10,708 shares of the company’s stock, valued at approximately $1,379,297.48. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Ed Park sold 4,000 shares of athenahealth stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $124.20, for a total transaction of $496,800.00. Following the transaction, the chief operating officer now directly owns 20,719 shares of the company’s stock, valued at $2,573,299.80. The disclosure for this sale can be found here. Insiders own 3.04% of the company’s stock.
athenahealth, Inc is a provider of cloud-based services and mobile applications for medical groups and health systems. The Company delivers cloud-based services for revenue cycle management and medical billing, electronic health records (EHR), patient engagement, care coordination, order transmission, population health management, and clinical decision support.
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