BlueCrest Capital Management Ltd bought a new stake in athenahealth, Inc (NASDAQ:ATHN) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,121 shares of the health services provider’s stock, valued at approximately $947,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in ATHN. American International Group Inc. acquired a new stake in shares of athenahealth in the fourth quarter valued at about $124,000. The Manufacturers Life Insurance Company grew its position in shares of athenahealth by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,179 shares of the health services provider’s stock valued at $166,000 after purchasing an additional 84 shares during the period. Columbia Partners L L C Investment Management acquired a new stake in shares of athenahealth in the fourth quarter valued at about $204,000. Ameriprise Financial Inc. acquired a new stake in shares of athenahealth in the second quarter valued at about $206,000. Finally, ETRADE Capital Management LLC acquired a new stake in shares of athenahealth in the fourth quarter valued at about $246,000.
athenahealth, Inc (ATHN) opened at $146.01 on Wednesday. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The firm has a market cap of $5,850.00, a PE ratio of 117.75, a price-to-earnings-growth ratio of 2.56 and a beta of 1.17. athenahealth, Inc has a fifty-two week low of $95.01 and a fifty-two week high of $158.66.
ATHN has been the topic of several research analyst reports. KeyCorp reiterated a “buy” rating and issued a $152.00 target price on shares of athenahealth in a research report on Friday, January 12th. ValuEngine lowered shares of athenahealth from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Bank of America assumed coverage on shares of athenahealth in a research report on Tuesday, February 27th. They set a “neutral” rating and a $147.00 price target on the stock. BidaskClub lowered shares of athenahealth from a “hold” rating to a “sell” rating in a research report on Tuesday, January 16th. Finally, Deutsche Bank assumed coverage on shares of athenahealth in a research report on Friday, December 8th. They set a “hold” rating and a $145.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $144.35.
In other athenahealth news, CMO Timothy John O’brien sold 3,064 shares of the business’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $137.27, for a total value of $420,595.28. Following the transaction, the chief marketing officer now directly owns 11,320 shares in the company, valued at approximately $1,553,896.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jonathan Bush sold 25,000 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $145.00, for a total transaction of $3,625,000.00. The disclosure for this sale can be found here. Insiders sold a total of 108,705 shares of company stock worth $14,891,199 over the last quarter. 3.20% of the stock is currently owned by company insiders.
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athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.
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