Brown Advisory Inc. boosted its stake in athenahealth Inc. (NASDAQ:ATHN) by 16.5% during the second quarter, Holdings Channel reports. The fund owned 27,995 shares of the company’s stock after buying an additional 3,965 shares during the period. Brown Advisory Inc. owned about 0.07% of athenahealth worth $3,863,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. FineMark National Bank & Trust boosted its position in shares of athenahealth by 4.5% in the second quarter. FineMark National Bank & Trust now owns 944 shares of the company’s stock valued at $130,000 after buying an additional 41 shares during the last quarter. KBC Group NV purchased a new position in shares of athenahealth during the second quarter valued at about $135,000. Societe Generale purchased a new position in shares of athenahealth during the second quarter valued at about $176,000. SG Americas Securities LLC boosted its position in shares of athenahealth by 27.7% in the second quarter. SG Americas Securities LLC now owns 1,277 shares of the company’s stock valued at $176,000 after buying an additional 277 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of athenahealth by 28.1% in the first quarter. Bessemer Group Inc. now owns 1,295 shares of the company’s stock valued at $180,000 after buying an additional 284 shares during the last quarter.
athenahealth Inc. (NASDAQ:ATHN) traded down 0.07% during mid-day trading on Wednesday, reaching $120.94. The company’s stock had a trading volume of 28,933 shares. The company has a market cap of $4.76 billion, a PE ratio of 444.63 and a beta of 1.15. athenahealth Inc. has a 12-month low of $114.59 and a 12-month high of $170.42. The firm’s 50 day moving average is $123.26 and its 200-day moving average is $130.77.
athenahealth (NASDAQ:ATHN) last posted its earnings results on Thursday, July 21st. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by $0.08. The company had revenue of $261.90 million for the quarter, compared to analyst estimates of $274.07 million. athenahealth had a return on equity of 5.16% and a net margin of 1.06%. Equities analysts anticipate that athenahealth Inc. will post $1.75 earnings per share for the current fiscal year.
Several research analysts have issued reports on the company. Zacks Investment Research cut athenahealth from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Morgan Stanley dropped their target price on athenahealth from $186.00 to $153.00 and set an “overweight” rating on the stock in a research report on Monday, July 25th. FBR & Co dropped their target price on athenahealth from $145.00 to $140.00 and set a “market perform” rating on the stock in a research report on Friday, July 22nd. Canaccord Genuity reissued a “hold” rating and issued a $142.00 target price on shares of athenahealth in a research report on Wednesday, June 29th. Finally, Leerink Swann reaffirmed a “hold” rating on shares of athenahealth in a research report on Thursday, June 16th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. athenahealth currently has a consensus rating of “Hold” and an average target price of $149.58.
In other news, VP Karl Stubelis sold 928 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $123.36, for a total value of $114,478.08. Following the transaction, the vice president now owns 1,375 shares in the company, valued at $169,620. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Ed Park sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $124.20, for a total value of $496,800.00. Following the completion of the transaction, the chief operating officer now owns 20,719 shares in the company, valued at approximately $2,573,299.80. The disclosure for this sale can be found here. Corporate insiders own 3.04% of the company’s stock.
athenahealth, Inc is a provider of cloud-based services and mobile applications for medical groups and health systems. The Company delivers cloud-based services for revenue cycle management and medical billing, electronic health records (EHR), patient engagement, care coordination, order transmission, population health management, and clinical decision support.
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