Anthem (NASDAQ:ANTX) Releases Earnings Results

Anthem (NASDAQ:ANTX) issued its quarterly earnings results on Tuesday. The company reported ($0.18) earnings per share (EPS) for the quarter, FiscalAI reports.

Anthem Stock Performance

Shares of NASDAQ ANTX opened at $6.28 on Thursday. The company has a market cap of $226.21 million, a P/E ratio of -5.87 and a beta of -0.99. The firm’s fifty day moving average is $4.92 and its two-hundred day moving average is $3.78. Anthem has a 52-week low of $1.00 and a 52-week high of $7.19.

Institutional Trading of Anthem

A number of large investors have recently modified their holdings of the company. ADAR1 Capital Management LLC purchased a new position in Anthem during the 1st quarter worth $47,000. OMERS ADMINISTRATION Corp purchased a new position in Anthem in the first quarter valued at $54,000. Seven Fleet Capital Management LP purchased a new position in shares of Anthem during the first quarter worth about $683,000. Bank of America Corp DE increased its stake in shares of Anthem by 2.2% during the first quarter. Bank of America Corp DE now owns 393,702 shares of the company’s stock worth $1,346,000 after acquiring an additional 8,390 shares during the period. Finally, Citizens Financial Group Inc. RI purchased a new position in Anthem during the second quarter worth about $1,443,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Analyst Upgrades and Downgrades

ANTX has been the subject of a number of recent research reports. Wall Street Zen upgraded Anthem from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Leerink Partners upgraded shares of Anthem from a “market perform” rating to an “outperform” rating and set a $9.00 price target on the stock in a report on Thursday, May 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Anthem in a research note on Monday, July 6th. Finally, Guggenheim assumed coverage on Anthem in a research report on Monday, July 20th. They issued a “buy” rating and a $9.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $9.00.

About Anthem

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.