Renaissance Technologies LLC Trims Holdings in Anthem, Inc. $ANTX

Renaissance Technologies LLC reduced its position in shares of Anthem, Inc. (NASDAQ:ANTX) by 41.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,800 shares of the company’s stock after selling 139,800 shares during the period. Renaissance Technologies LLC’s holdings in Anthem were worth $680,000 at the end of the most recent quarter.

Anthem Stock Performance

ANTX stock opened at $5.99 on Monday. The company has a market cap of $226.06 million, a PE ratio of -5.60 and a beta of -0.99. The stock has a 50-day moving average price of $5.00 and a two-hundred day moving average price of $3.85. Anthem, Inc. has a 12-month low of $1.00 and a 12-month high of $7.19.

Anthem (NASDAQ:ANTX) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($0.18) EPS for the quarter.

Analysts Set New Price Targets

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