Public Employees Retirement Association of Colorado Increases Stake in athenahealth Inc. (ATHN)
Public Employees Retirement Association of Colorado raised its position in shares of athenahealth Inc. (NASDAQ:ATHN) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 57,103 shares of the company’s stock after buying an additional 13 shares during the period. Public Employees Retirement Association of Colorado’s holdings in athenahealth were worth $7,881,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the stock. Bessemer Group Inc. raised its stake in athenahealth by 28.1% in the first quarter. Bessemer Group Inc. now owns 1,295 shares of the company’s stock worth $180,000 after buying an additional 284 shares during the last quarter. Integrated Investment Consultants LLC raised its stake in athenahealth by 6.9% in the second quarter. Integrated Investment Consultants LLC now owns 1,481 shares of the company’s stock worth $204,000 after buying an additional 96 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in athenahealth during the first quarter worth about $222,000. 1st Global Advisors Inc. raised its stake in athenahealth by 1.5% in the second quarter. 1st Global Advisors Inc. now owns 1,633 shares of the company’s stock worth $225,000 after buying an additional 24 shares during the last quarter. Finally, Pitcairn Co. raised its stake in athenahealth by 7.7% in the second quarter. Pitcairn Co. now owns 3,094 shares of the company’s stock worth $427,000 after buying an additional 221 shares during the last quarter.
athenahealth Inc. (NASDAQ:ATHN) traded up 0.06% during trading on Monday, reaching $123.50. 496,916 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $123.71 and a 200-day moving average price of $129.43. athenahealth Inc. has a 12 month low of $114.59 and a 12 month high of $170.42. The firm has a market cap of $4.86 billion, a PE ratio of 454.04 and a beta of 1.28.
athenahealth (NASDAQ:ATHN) last announced its quarterly earnings results on Thursday, July 21st. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.08. athenahealth had a net margin of 1.06% and a return on equity of 5.16%. The company earned $261.90 million during the quarter, compared to analyst estimates of $274.07 million. On average, analysts forecast that athenahealth Inc. will post $1.77 earnings per share for the current fiscal year.
ATHN has been the subject of a number of research analyst reports. Evercore ISI upgraded athenahealth from a “hold” rating to a “buy” rating and set a $152.00 target price for the company in a report on Monday, October 10th. Stifel Nicolaus initiated coverage on athenahealth in a report on Wednesday, August 31st. They issued a “hold” rating for the company. Zacks Investment Research upgraded athenahealth from a “sell” rating to a “hold” rating in a report on Thursday, August 4th. Deutsche Bank AG lowered athenahealth from a “buy” rating to a “hold” rating and reduced their target price for the company from $165.00 to $147.00 in a report on Friday, July 22nd. Finally, Canaccord Genuity restated a “hold” rating and issued a $142.00 target price on shares of athenahealth in a report on Wednesday, June 29th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $149.95.
In related news, Director John A. Kane sold 2,875 shares of the company’s stock in a transaction dated Wednesday, July 27th. The shares were sold at an average price of $128.81, for a total value of $370,328.75. Following the transaction, the director now owns 10,708 shares in the company, valued at approximately $1,379,297.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Bradford Kyle Armbrester sold 2,545 shares of the company’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $130.00, for a total transaction of $330,850.00. The disclosure for this sale can be found here. 3.04% of the stock is currently owned by corporate insiders.
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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