Anthem (NASDAQ:ANTX) Research Coverage Started at Guggenheim

Guggenheim began coverage on shares of Anthem (NASDAQ:ANTX) in a report issued on Monday morning, Marketbeat.com reports. The firm issued a buy rating and a $9.00 price objective on the stock.

Several other brokerages also recently commented on ANTX. Leerink Partners upgraded shares of Anthem from a “market perform” rating to an “outperform” rating and set a $9.00 price objective on the stock in a research report on Thursday, May 14th. 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 note 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $9.00.

Anthem Stock Down 2.2%

ANTX stock opened at $4.89 on Monday. The business’s 50-day moving average price is $4.63 and its 200-day moving average price is $3.33. The stock has a market cap of $176.14 million, a P/E ratio of -4.45 and a beta of -0.99. Anthem has a twelve month low of $1.00 and a twelve month high of $6.91.

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

Hedge Funds Weigh In On Anthem

Several institutional investors have recently bought and sold shares of the stock. ADAR1 Capital Management LLC bought a new stake in Anthem in the 1st quarter valued at $47,000. OMERS ADMINISTRATION Corp bought a new position in shares of Anthem during the 1st quarter valued at about $54,000. Seven Fleet Capital Management LP purchased a new position in shares of Anthem during the first quarter valued at about $683,000. Bank of America Corp DE grew its position in shares of Anthem by 2.2% during the first quarter. Bank of America Corp DE now owns 393,702 shares of the company’s stock valued at $1,346,000 after purchasing an additional 8,390 shares in the last quarter. Finally, Ally Bridge Group NY LLC bought a new stake in shares of Anthem in the first quarter worth about $1,800,000. 90.47% of the stock is owned by hedge funds and other institutional investors.

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.