Anthem (NASDAQ:ANTX) Rating Increased to Hold at Wall Street Zen

Anthem (NASDAQ:ANTX) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Sunday.

A number of other research firms have also weighed in on ANTX. Weiss Ratings began coverage on shares of Anthem in a report on Tuesday, April 7th. They issued a “sell (d-)” rating for the company. 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 research report on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Anthem currently has an average rating of “Hold” and a consensus target price of $9.00.

Anthem Stock Performance

ANTX stock opened at $4.74 on Friday. The firm has a fifty day moving average price of $4.13 and a 200 day moving average price of $2.59. Anthem has a fifty-two week low of $1.00 and a fifty-two week high of $6.91. The firm has a market cap of $170.73 million, a PE ratio of -4.31 and a beta of -0.98.

Anthem (NASDAQ:ANTX) last posted its earnings results on Monday, May 11th. The company reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06).

Institutional Trading of Anthem

Institutional investors have recently bought and sold shares of the stock. ADAR1 Capital Management LLC bought a new stake in Anthem in the first quarter worth $47,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Anthem during the first quarter valued at $54,000. Seven Fleet Capital Management LP purchased a new stake in shares of Anthem during the first quarter valued at $683,000. Bank of America Corp DE boosted its stake in shares of Anthem by 2.2% during the first quarter. Bank of America Corp DE now owns 393,702 shares of the company’s stock valued at $1,346,000 after purchasing an additional 8,390 shares during the period. Finally, Ally Bridge Group NY LLC purchased a new stake in shares of Anthem during the first quarter valued at $1,800,000. 90.47% of the stock is currently owned by institutional investors.

Anthem Company 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.