Xact Kapitalforvaltning AB increased its stake in shares of athenahealth, Inc (NASDAQ:ATHN) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,237 shares of the health services provider’s stock after purchasing an additional 300 shares during the period. Xact Kapitalforvaltning AB’s holdings in athenahealth were worth $823,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. MERIAN GLOBAL INVESTORS UK Ltd acquired a new position in shares of athenahealth during the third quarter worth about $106,074,000. State of New Jersey Common Pension Fund D grew its position in athenahealth by 350.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 270,000 shares of the health services provider’s stock worth $36,072,000 after acquiring an additional 210,000 shares during the last quarter. Credit Suisse AG grew its position in athenahealth by 14.7% during the 3rd quarter. Credit Suisse AG now owns 1,620,067 shares of the health services provider’s stock worth $216,440,000 after acquiring an additional 207,713 shares during the last quarter. Gabelli Funds LLC grew its position in athenahealth by 132.2% during the 4th quarter. Gabelli Funds LLC now owns 216,326 shares of the health services provider’s stock worth $28,540,000 after acquiring an additional 123,176 shares during the last quarter. Finally, United Services Automobile Association grew its position in athenahealth by 340.1% during the 3rd quarter. United Services Automobile Association now owns 155,812 shares of the health services provider’s stock worth $20,816,000 after acquiring an additional 120,412 shares during the last quarter. 94.33% of the stock is owned by institutional investors and hedge funds.
ATHN has been the topic of several recent research reports. Leerink Swann set a $138.00 target price on athenahealth and gave the stock a “hold” rating in a report on Thursday, November 1st. William Blair reaffirmed a “market perform” rating on shares of athenahealth in a report on Monday, November 12th. Robert W. Baird downgraded athenahealth from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $160.00 to $135.00 in a research note on Monday, November 12th. KeyCorp dropped their price objective on athenahealth from $170.00 to $142.00 and set an “overweight” rating on the stock in a research note on Monday, November 12th. Finally, Evercore ISI downgraded athenahealth to an “outperform” rating in a research note on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $147.71.
ATHN traded up $0.01 during midday trading on Monday, reaching $134.99. 6,700 shares of the company were exchanged, compared to its average volume of 567,579. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.74 and a current ratio of 2.74. The firm has a market capitalization of $5.48 billion, a P/E ratio of 85.98, a P/E/G ratio of 2.41 and a beta of 0.75. athenahealth, Inc has a one year low of $116.77 and a one year high of $163.94.
athenahealth (NASDAQ:ATHN) last released its earnings results on Friday, November 9th. The health services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.10. The company had revenue of $331.40 million during the quarter, compared to analyst estimates of $336.98 million. athenahealth had a return on equity of 15.35% and a net margin of 9.57%. athenahealth’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. On average, equities analysts forecast that athenahealth, Inc will post 3.06 earnings per share for the current year.
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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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