Capital Research Global Investors Raises Position in athenahealth, Inc. (ATHN)
Capital Research Global Investors boosted its position in athenahealth, Inc. (NASDAQ:ATHN) by 15.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,041,714 shares of the health services provider’s stock after purchasing an additional 273,660 shares during the period. Capital Research Global Investors owned 5.11% of athenahealth worth $286,963,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC raised its position in athenahealth by 0.8% in the second quarter. FMR LLC now owns 5,975,119 shares of the health services provider’s stock valued at $839,803,000 after purchasing an additional 47,341 shares during the last quarter. Morgan Stanley grew its holdings in shares of athenahealth by 9.7% during the first quarter. Morgan Stanley now owns 4,514,305 shares of the health services provider’s stock worth $508,717,000 after purchasing an additional 397,837 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of athenahealth by 1.8% during the second quarter. Vanguard Group Inc. now owns 3,100,643 shares of the health services provider’s stock worth $435,795,000 after purchasing an additional 53,361 shares during the last quarter. BlackRock Inc. grew its holdings in shares of athenahealth by 2.0% during the second quarter. BlackRock Inc. now owns 1,631,993 shares of the health services provider’s stock worth $229,377,000 after purchasing an additional 32,146 shares during the last quarter. Finally, Clearbridge Investments LLC grew its holdings in shares of athenahealth by 61.8% during the first quarter. Clearbridge Investments LLC now owns 908,505 shares of the health services provider’s stock worth $102,379,000 after purchasing an additional 347,133 shares during the last quarter.
athenahealth, Inc. (ATHN) traded down 1.20% during trading on Wednesday, reaching $122.03. The company’s stock had a trading volume of 50,803 shares. athenahealth, Inc. has a one year low of $90.11 and a one year high of $158.66. The company has a 50-day moving average of $132.79 and a 200 day moving average of $129.75. The firm has a market cap of $4.87 billion, a PE ratio of 154.86 and a beta of 1.76.
athenahealth (NASDAQ:ATHN) last announced its quarterly earnings data on Thursday, July 20th. The health services provider reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.12. athenahealth had a net margin of 2.80% and a return on equity of 6.91%. The business had revenue of $301.10 million for the quarter, compared to analysts’ expectations of $298.68 million. During the same quarter in the prior year, the company earned $0.34 earnings per share. The business’s revenue was up 15.0% compared to the same quarter last year. Analysts expect that athenahealth, Inc. will post $1.91 EPS for the current fiscal year.
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Several research analysts have recently issued reports on the company. Royal Bank Of Canada assumed coverage on athenahealth in a research note on Tuesday, September 19th. They issued a “sector perform” rating and a $153.00 price objective for the company. KeyCorp reiterated a “buy” rating and set a $170.00 target price on shares of athenahealth in a research report on Sunday, September 17th. Jefferies Group LLC reduced their target price on shares of athenahealth from $135.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, September 15th. Robert W. Baird reissued a “buy” rating and set a $170.00 target price on shares of athenahealth in a report on Thursday, August 31st. Finally, Morgan Stanley reissued an “equal weight” rating and set a $125.00 target price (up from $108.00) on shares of athenahealth in a report on Wednesday, August 2nd. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $149.91.
In other news, Director Brandon H. Hull sold 800 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $140.01, for a total value of $112,008.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Jonathan Bush sold 4,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $124.17, for a total value of $496,680.00. Following the completion of the sale, the chief executive officer now directly owns 319,807 shares in the company, valued at $39,710,435.19. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,505 shares of company stock worth $2,240,851. Insiders own 3.20% of the company’s stock.
athenahealth Company Profile
athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.
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