Trexquant Investment LP bought a new stake in shares of athenahealth, Inc (NASDAQ:ATHN) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 20,512 shares of the health services provider’s stock, valued at approximately $2,740,000.
A number of other hedge funds have also made changes to their positions in the business. Kaizen Advisory LLC bought a new position in shares of athenahealth in the third quarter worth approximately $886,000. Morgan Stanley boosted its position in shares of athenahealth by 0.6% during the second quarter. Morgan Stanley now owns 4,565,845 shares of the health services provider’s stock worth $726,608,000 after acquiring an additional 25,304 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of athenahealth during the second quarter worth $8,514,000. Oppenheimer & Co. Inc. boosted its position in shares of athenahealth by 37.5% during the second quarter. Oppenheimer & Co. Inc. now owns 3,029 shares of the health services provider’s stock worth $482,000 after acquiring an additional 826 shares during the last quarter. Finally, Parkside Investments LLC bought a new position in shares of athenahealth during the second quarter worth $318,000.
ATHN has been the subject of a number of research reports. BidaskClub upgraded shares of athenahealth from a “strong sell” rating to a “sell” rating in a research report on Saturday, October 13th. Leerink Swann set a $138.00 target price on shares of athenahealth and gave the stock a “hold” rating in a research report on Thursday, November 1st. Royal Bank of Canada restated a “hold” rating and set a $140.00 target price on shares of athenahealth in a research report on Friday, September 28th. MED dropped their target price on shares of athenahealth to $140.00 and set a “hold” rating for the company in a research report on Wednesday, September 19th. Finally, SunTrust Banks dropped their target price on shares of athenahealth to $150.00 in a research report on Wednesday, September 19th. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $149.05.
athenahealth stock opened at $132.17 on Monday. The firm has a market cap of $5.37 billion, a P/E ratio of 84.18, a price-to-earnings-growth ratio of 2.40 and a beta of 0.80. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.22. athenahealth, Inc has a 52-week low of $116.77 and a 52-week high of $163.94.
athenahealth (NASDAQ:ATHN) last released its quarterly earnings results on Friday, November 9th. The health services provider reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.10. The company had revenue of $331.40 million for the quarter, compared to the consensus estimate of $336.98 million. athenahealth had a net margin of 9.57% and a return on equity of 15.35%. athenahealth’s revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.56 earnings per share. On average, equities research analysts predict that athenahealth, Inc will post 3.21 earnings per share for the current fiscal year.
In related news, insider Daniel P. Haley sold 2,204 shares of the company’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $127.23, for a total transaction of $280,414.92. Following the sale, the insider now owns 10,555 shares of the company’s stock, valued at $1,342,912.65. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders have sold 2,504 shares of company stock worth $317,891. 2.90% of the stock is owned by insiders.
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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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