athenahealth, Inc. (ATHN) Shares Bought by Pura Vida Investments LLC
Pura Vida Investments LLC boosted its position in athenahealth, Inc. (NASDAQ:ATHN) by 39.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 59,800 shares of the health services provider’s stock after purchasing an additional 16,800 shares during the period. athenahealth comprises 3.4% of Pura Vida Investments LLC’s holdings, making the stock its 9th largest position. Pura Vida Investments LLC owned about 0.15% of athenahealth worth $7,437,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of ATHN. Janus Henderson Group PLC acquired a new stake in athenahealth in the 2nd quarter valued at about $713,856,000. Elliott Management Corp acquired a new stake in athenahealth during the second quarter worth approximately $52,706,000. Capital Research Global Investors lifted its position in athenahealth by 15.5% during the second quarter. Capital Research Global Investors now owns 2,041,714 shares of the health services provider’s stock worth $286,963,000 after acquiring an additional 273,660 shares during the last quarter. Jackson Square Partners LLC lifted its position in athenahealth by 55.4% during the third quarter. Jackson Square Partners LLC now owns 525,738 shares of the health services provider’s stock worth $65,380,000 after acquiring an additional 187,491 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its position in athenahealth by 124.4% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 276,700 shares of the health services provider’s stock worth $34,410,000 after acquiring an additional 153,400 shares during the last quarter.
Several equities research analysts have issued reports on the stock. Robert W. Baird restated a “buy” rating and set a $170.00 price objective on shares of athenahealth in a research report on Thursday, August 31st. 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 objective for the company. BidaskClub upgraded shares of athenahealth from a “strong sell” rating to a “sell” rating in a research report on Saturday, December 2nd. Jefferies Group cut their price objective on shares of athenahealth from $135.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, September 15th. Finally, KeyCorp restated a “buy” rating and set a $170.00 price objective on shares of athenahealth in a research report on Sunday, September 17th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $143.29.
athenahealth (NASDAQ:ATHN) last released its quarterly earnings results on Thursday, October 19th. The health services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. athenahealth had a net margin of 2.65% and a return on equity of 6.78%. The company had revenue of $304.60 million during the quarter, compared to the consensus estimate of $310.52 million. During the same period in the previous year, the business earned $0.60 earnings per share. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. analysts predict that athenahealth, Inc. will post 1.22 EPS for the current year.
In related news, SVP Jonathan D. Porter sold 300 shares of athenahealth stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $130.38, for a total value of $39,114.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jonathan Bush sold 4,000 shares of athenahealth stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $124.17, for a total transaction of $496,680.00. Following the completion of the transaction, the chief executive officer now directly owns 319,807 shares in the company, valued at $39,710,435.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,283 shares of company stock valued at $1,175,908. 3.20% of the stock is 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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