Published: Fri, June 08, 2018
Medical | By Marta Holmes

Athenahealth Inc (NASDAQ:ATHN) Institutional Investors Sentiment Index Improved in Q1 2018

Athenahealth Inc (NASDAQ:ATHN) Institutional Investors Sentiment Index Improved in Q1 2018

Guggenheim Capital Ltd Liability reported 2,980 shares. Northwestern Mutual Wealth Mgmt owns 0% invested in athenahealth, Inc. The France-based Natixis has invested 0.09% in athenahealth, Inc. Walleye Trading Limited Liability Company holds 0% in athenahealth, Inc. (NASDAQ:ATHN). Guggenheim Cap Lc accumulated 2,980 shares or 0% of the stock.

Last summer, athenahealth said it would cut $100 million in costs and replace Bush as chairman of the board in an effort to appease Elliott. Voya Invest Management Ltd Liability Co has invested 0% in athenahealth, Inc. (NASDAQ:ATHN) for 182 shares. Moreover, Raymond James And has 0% invested in athenahealth, Inc. Goldman Sachs Gp Inc invested 0.02% of its portfolio in athenahealth, Inc.

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The Boston Globe reported Bush's departure comes amid his fight to keep control of the company against a hedge fund, Elliott Management, and new allegations against him of an incident from 2005 in which he physically attacked his then-wife. Alliancebernstein Limited Partnership holds 22,533 shares. (NASDAQ:ATHN) or 221,746 shares. Bush Jonathan sold $670,274 worth of stock or 4,750 shares. The valuation of NASDAQ:ATHN can change by $445.90 million if our $168.67 price target is hit. Hull Brandon H sold $107,896 worth of stock. Armbrester Bradford Kyle also sold $252,485 worth of athenahealth, Inc. Another trade for 5,000 shares valued at $669,698 was sold by ROBINSON DAVID ERIC. The company generated $1.2 billion in revenue last year, up 13 percent from the previous year. Before Wednesday's announcement, the stock was at $151 a share, about 6 percent below the offer price. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company's stock. athenahealth has a consensus rating of "Hold" and a consensus price target of $154.41. Therefore 29% are positive. With $179 highest and $130.0 lowest target, Athenahealth has $154.28 average target or -2.13% below the current ($157.635) price. The stock was sold at an average price of $150.32 per share, amounting to a transaction worth $751,594. Since December 8, 2017 according to StockzIntelligence Inc Athenahealth has 31 analyst reports. On Monday, May 7 the stock of athenahealth, Inc. The firm has "Outperform" rating given on Tuesday, May 8 by Robert W. Baird. In Tuesday, May 8 report Leerink Swann maintained the stock with "Hold" rating. On Monday, May 14 the rating was maintained by Cantor Fitzgerald with "Hold". The company was maintained on Thursday, May 24 by Cantor Fitzgerald. (NASDAQ:ATHN) was sold by Haley Daniel P on Wednesday, May 16. The company was maintained on Monday, April 30 by Citigroup. (NASDAQ:ATHN) on Thursday, March 1. KeyBanc Capital Markets maintained the stock with "Buy" rating in Thursday, January 11 report. (NASDAQ:ATHN) earned "Hold" rating by RBC Capital Markets on Friday, February 2.

Prior to athenahealth, Levine most recently served as the executive vice president and CFO of JDA Software Group, Inc., a privately-held supply chain provider of software and SaaS solutions, where he led the company's finance and accounting, legal, workplace, purchasing and information technology activities. (NASDAQ:ATHN) has risen 14.89% since June 7, 2017 and is uptrending. ATHN outperformed by 2.32% the S&P 500. On average, equities research analysts expect that athenahealth, Inc will post $1.92 EPS for the current fiscal year. (NASDAQ:ATHN). Adirondack Tru, New York-based fund reported 350 shs. Last quarter $0.99 earnings per share was reported. ATHN's profit could be $25.05M with 63.56 P/E in case $0.62 earnings per share is revealed. 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 well-known provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services.120.33 is the P/E ratio. The firm also provides athenahealth Population Health, a cloud population health service; and Epocrates service that include clinical information and decision support services in the areas of drug and disease information, medical calculator and tools, clinical guidelines, clinical messaging, and market research.

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Michelle Mattson-Hamilton, associate principal, ST Advisors, a strategic and financial advisory firm focused on healthcare IT, said this recent turn of events at athenahealth is not surprising given the developments over the past month.

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