Commodore Capital LP Invests $7.98 Million in Anthem, Inc. $ANTX

Commodore Capital LP acquired a new position in Anthem, Inc. (NASDAQ:ANTX) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 2,333,713 shares of the company’s stock, valued at approximately $7,981,000. Commodore Capital LP owned 0.06% of Anthem as of its most recent SEC filing.

Separately, OMERS ADMINISTRATION Corp bought a new stake in Anthem in the 1st quarter valued at about $54,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Anthem Price Performance

Shares of ANTX opened at $4.92 on Monday. The firm has a market capitalization of $177.22 million, a PE ratio of -4.47 and a beta of -0.99. The firm has a 50-day moving average price of $4.64 and a 200 day moving average price of $3.38. Anthem, Inc. has a 52-week low of $1.00 and a 52-week high of $6.91.

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

Wall Street Analyst Weigh In

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

Anthem 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.