Telemetry Investments L.L.C. Takes $528,000 Position in athenahealth, Inc (ATHN)
Telemetry Investments L.L.C. purchased a new stake in shares of athenahealth, Inc (NASDAQ:ATHN) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,000 shares of the health services provider’s stock, valued at approximately $528,000.
Several other hedge funds also recently bought and sold shares of ATHN. Essex Savings Bank acquired a new stake in shares of athenahealth during the 4th quarter valued at approximately $33,000. Larson Financial Group LLC acquired a new position in shares of athenahealth during the 4th quarter worth approximately $40,000. Enlightenment Research LLC acquired a new position in shares of athenahealth during the 4th quarter worth approximately $79,000. Point72 Hong Kong Ltd raised its position in shares of athenahealth by 1,195.2% during the 3rd quarter. Point72 Hong Kong Ltd now owns 816 shares of the health services provider’s stock worth $109,000 after purchasing an additional 753 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new position in shares of athenahealth during the 4th quarter worth approximately $191,000. Institutional investors own 94.33% of the company’s stock.
Several research analysts recently issued reports on the company. BidaskClub downgraded athenahealth from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 7th. Morgan Stanley lifted their price objective on athenahealth from $128.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Monday, December 3rd. ValuEngine downgraded athenahealth from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. Finally, Wells Fargo & Co downgraded athenahealth from an “outperform” rating to a “market perform” rating and set a $135.00 price objective for the company. in a research report on Tuesday, November 27th. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and three have assigned a buy rating to the stock. athenahealth currently has an average rating of “Hold” and a consensus price target of $147.75.
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athenahealth, Inc, together with its subsidiaries, provides network-based medical record, revenue cycle, patient engagement, care coordination, and population health services for medical groups and health systems. It offers athenaCollector, a network-enabled billing and practice management solution; athenaClinicals, an electronic health record for managing patient's clinical documentation; athenaCommunicator, an engagement and communication solution that provides an automated communication service between patients and provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services.
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