athenahealth, Inc. (ATHN) SVP Sells $128,560.00 in Stock
athenahealth, Inc. (NASDAQ:ATHN) SVP Bradford Kyle Armbrester sold 1,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $128.56, for a total transaction of $128,560.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
athenahealth, Inc. (ATHN) traded down 0.23% during midday trading on Tuesday, reaching $128.79. 65,018 shares of the company traded hands. The stock’s 50 day moving average is $123.89 and its 200 day moving average is $131.15. athenahealth, Inc. has a one year low of $90.11 and a one year high of $158.66. The company has a market capitalization of $5.14 billion, a price-to-earnings ratio of 163.44 and a beta of 1.76.
athenahealth (NASDAQ:ATHN) last issued its quarterly earnings results on Thursday, October 19th. The health services provider reported $0.56 EPS 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 business had revenue of $304.60 million for the quarter, compared to analysts’ expectations of $310.52 million. During the same period last year, the business earned $0.60 earnings per share. The business’s quarterly revenue was up 10.1% on a year-over-year basis. On average, equities analysts anticipate that athenahealth, Inc. will post $2.02 earnings per share for the current year.
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Several equities analysts have commented on ATHN shares. William Blair reissued a “market perform” rating on shares of athenahealth in a report on Friday, July 21st. Cantor Fitzgerald reissued a “hold” rating and issued a $120.00 target price on shares of athenahealth in a report on Friday. Robert W. Baird reissued a “buy” rating and issued a $170.00 target price on shares of athenahealth in a report on Thursday, August 31st. KeyCorp reissued a “buy” rating and issued a $170.00 target price on shares of athenahealth in a report on Sunday, September 17th. Finally, Argus started coverage on shares of athenahealth in a report on Friday, July 7th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $143.22.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Canada Pension Plan Investment Board grew its position in athenahealth by 15.6% during the third quarter. Canada Pension Plan Investment Board now owns 46,800 shares of the health services provider’s stock valued at $5,820,000 after acquiring an additional 6,300 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of athenahealth by 8.5% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,900 shares of the health services provider’s stock valued at $1,107,000 after purchasing an additional 700 shares during the period. Peregrine Capital Management LLC boosted its stake in shares of athenahealth by 3.5% during the third quarter. Peregrine Capital Management LLC now owns 143,538 shares of the health services provider’s stock valued at $17,850,000 after purchasing an additional 4,877 shares during the period. First Trust Advisors LP boosted its stake in shares of athenahealth by 7,309.7% during the third quarter. First Trust Advisors LP now owns 115,592 shares of the health services provider’s stock valued at $14,375,000 after purchasing an additional 114,032 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in shares of athenahealth during the third quarter valued at approximately $460,000.
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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