DekaBank Deutsche Girozentrale Grows Holdings in athenahealth, Inc (ATHN)
DekaBank Deutsche Girozentrale grew its holdings in shares of athenahealth, Inc (NASDAQ:ATHN) by 9.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,237 shares of the health services provider’s stock after buying an additional 687 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in athenahealth were worth $1,262,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Morgan Stanley grew its stake in athenahealth by 0.6% during the second quarter. Morgan Stanley now owns 4,565,845 shares of the health services provider’s stock worth $726,608,000 after buying an additional 25,304 shares during the period. BlackRock Inc. boosted its stake in shares of athenahealth by 3.7% in the second quarter. BlackRock Inc. now owns 1,739,544 shares of the health services provider’s stock valued at $276,833,000 after purchasing an additional 62,665 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in shares of athenahealth in the third quarter valued at $106,074,000. ARK Investment Management LLC boosted its stake in shares of athenahealth by 12.0% in the second quarter. ARK Investment Management LLC now owns 549,035 shares of the health services provider’s stock valued at $87,373,000 after purchasing an additional 58,631 shares during the period. Finally, Toronto Dominion Bank boosted its stake in shares of athenahealth by 1.0% in the third quarter. Toronto Dominion Bank now owns 446,702 shares of the health services provider’s stock valued at $59,665,000 after purchasing an additional 4,402 shares during the period. Institutional investors own 96.15% of the company’s stock.
ATHN has been the subject of several analyst reports. BidaskClub downgraded shares of athenahealth from a “sell” rating to a “strong sell” rating in a research note on Friday, August 10th. Cantor Fitzgerald restated a “hold” rating and issued a $145.00 target price on shares of athenahealth in a research note on Tuesday, September 18th. SunTrust Banks decreased their target price on shares of athenahealth to $150.00 in a research note on Wednesday, September 19th. MED decreased their target price on shares of athenahealth to $140.00 and set a “hold” rating for the company in a research note on Wednesday, September 19th. Finally, Leerink Swann set a $140.00 target price on shares of athenahealth and gave the company a “buy” rating in a research note on Friday, September 28th. One research analyst has rated the stock with a sell rating, twenty have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $147.71.
NASDAQ ATHN opened at $132.48 on Thursday. athenahealth, Inc has a 12 month low of $116.77 and a 12 month high of $163.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.74 and a current ratio of 2.74. The firm has a market cap of $5.38 billion, a price-to-earnings ratio of 36.70, a P/E/G ratio of 2.38 and a beta of 0.82.
athenahealth (NASDAQ:ATHN) last posted its quarterly earnings data on Friday, November 9th. The health services provider reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.10. athenahealth had a net margin of 9.57% and a return on equity of 15.35%. The firm had revenue of $331.40 million for the quarter, compared to the consensus estimate of $336.98 million. During the same period in the prior year, the firm posted $0.56 EPS. The firm’s revenue was up 8.8% compared to the same quarter last year. On average, research analysts expect that athenahealth, Inc will post 3.15 EPS for the current fiscal year.
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athenahealth, Inc, together with its subsidiaries, provides network-based medical record, revenue cycle, patient engagement, care coordination, and population health services for medical groups and health systems. It offers athenaCollector, a network-enabled billing and practice management solution; athenaClinicals, an electronic health record for managing patient's clinical documentation; athenaCommunicator, an engagement and communication solution that provides an automated communication service between patients and provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services.
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