199,701 Shares in Anthem, Inc. $ANTX Acquired by Seven Fleet Capital Management LP

Seven Fleet Capital Management LP bought a new stake in shares of Anthem, Inc. (NASDAQ:ANTX) in the 1st quarter, HoldingsChannel reports. The firm bought 199,701 shares of the company’s stock, valued at approximately $683,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Vivo Capital LLC acquired a new position in Anthem in the first quarter worth approximately $10,785,000. Commodore Capital LP acquired a new stake in shares of Anthem during the 1st quarter valued at $7,981,000. Spruce Street Capital LP acquired a new stake in shares of Anthem during the 1st quarter valued at $5,576,000. Ally Bridge Group NY LLC bought a new stake in shares of Anthem during the 1st quarter worth $1,800,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of Anthem in the 1st quarter worth $54,000. 90.47% of the stock is currently owned by institutional investors.

Anthem Trading Up 0.4%

ANTX opened at $5.35 on Friday. The stock has a fifty day moving average price of $4.68 and a 200 day moving average price of $3.50. Anthem, Inc. has a 1 year low of $1.00 and a 1 year high of $6.91. The stock has a market cap of $192.71 million, a price-to-earnings ratio of -4.86 and a beta of -0.99.

Anthem (NASDAQ:ANTX) last issued its earnings results on Monday, May 11th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.06).

Analyst Upgrades and Downgrades

ANTX has been the topic of a number of recent analyst reports. Wall Street Zen raised Anthem from a “sell” rating to a “hold” rating in a research report on Sunday, June 14th. Leerink Partners upgraded Anthem from a “market perform” rating to an “outperform” rating and set a $9.00 price target for the company in a research report on Thursday, May 14th. Guggenheim initiated coverage on Anthem in a report on Monday, July 20th. They set a “buy” rating and a $9.00 price objective on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Anthem in a report on Monday, July 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Anthem has a consensus rating of “Hold” and an average price target of $9.00.

Anthem Company Profile

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; traditional indemnity plans and other hybrid plans, such as consumer-driven health plans; and hospital only and limited benefit products.