Spruce Street Capital LP Invests $5.58 Million in Anthem, Inc. $ANTX

Spruce Street Capital LP purchased a new position in shares of Anthem, Inc. (NASDAQ:ANTX) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,661,073 shares of the company’s stock, valued at approximately $5,576,000. Anthem accounts for approximately 1.3% of Spruce Street Capital LP’s investment portfolio, making the stock its 23rd biggest holding.

Anthem Price Performance

ANTX stock opened at $4.92 on Friday. The stock has a market capitalization of $177.22 million, a price-to-earnings ratio of -4.47 and a beta of -0.99. The company has a 50-day moving average of $4.64 and a two-hundred day moving average of $3.37. Anthem, Inc. has a 52-week low of $1.00 and a 52-week high of $6.91.

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

Analyst Ratings Changes

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