At Athenahealth, CEO is out and company may be up for sale
At Athenahealth, CEO is out and company may be up for sale
Jonathan Bush Getty Images
08 June, 2018, 23:47
It has change of 0.30, from 2017Q4's 1. It improved, as 23 investors sold athenahealth, Inc. shares while 65 reduced holdings. 53 funds acquired stakes and 61 increased stakes. Citigroup Inc reported 2,376 shs. Moreover, Hanson And Doremus Inv Mngmt has 0.01% invested in athenahealth, Inc.
Athenahealth has also been battling with Elliott Management Corp., a hedge fund that has been pushing for significant change at the company created to make it more valuable.
Athenahealth declined to make Bush available for an interview. Winslow Evans & Crocker Incorporated has invested 0% in athenahealth, Inc. (NASDAQ:ATHN). 391 were accumulated by Advisory Service Networks Ltd Llc. (NASDAQ:ATHN) news brought out recently go to: Streetinsider.com, Bizjournals.com, Seekingalpha.com, Seekingalpha.com or Streetinsider.com. (NASDAQ:ATHN). Oppenheimer Asset Management Incorporated stated it has 0.12% of its portfolio in athenahealth, Inc. First Republic Inv Mgmt, a California-based fund reported 9,329 shares. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.71 and a quick ratio of 2.71.
Since January 2, 2018, it had 2 buys, and 23 sales for $12.40 million activity. IMMELT JEFFREY R bought $507,744 worth of stock or 3,600 shares. Bush's departure is effective immediately. (NASDAQ:ATHN). 503,994 were accumulated by Arrowmark Colorado Limited Liability Co. Hull Brandon H also sold $86,849 worth of athenahealth, Inc. On Thursday, March 1 the insider Haley Daniel P sold $157,765. Armbrester Bradford Kyle sold $309,995 worth of stock.
They now have a $179 target price on athenahealth (NASDAQ:ATHN). This target by Cantor Fitzgerald would suggest the possibile downside of -11.08 % from the close price. Berenberg Bank downgraded athenahealth from a "buy" rating to a "hold" rating and raised their price objective for the company from $143.00 to $163.00 in a report on Tuesday, May 15th. Therefore 29% are positive. The firm has $179 highest while $130.0 is the lowest price target. The stock presently has an average rating of "Hold" and a consensus price target of $129.32. Stifel Nicolaus maintained it with "Hold" rating and $147.0 target in Friday, February 2 report. Also, SVP Jonathan D. Porter sold 422 shares of athenahealth stock in a transaction that occurred on Monday, May 7th. The firm has "Outperform" rating given on Tuesday, May 8 by Robert W. Baird. The rating was maintained by Canaccord Genuity on Monday, February 5 with "Hold". KeyBanc Capital Markets maintained athenahealth, Inc. The firm earned "Hold" rating on Wednesday, February 7 by Cantor Fitzgerald. The company was maintained on Wednesday, February 14 by Cantor Fitzgerald. (NASDAQ:ATHN) rating. JP Morgan has "Neutral" rating and $159 target. The rating was maintained by Jefferies with "Hold" on Thursday, February 1.
The stock increased 4.17% or $6.3 during the last trading session, reaching $157.44. The business's revenue for the quarter was up 15.4% compared to the same quarter last year. analysts forecast that athenahealth will post 2.92 earnings per share for the current fiscal year. 31 are the (NASDAQ:ATHN)'s analyst reports since December 8, 2017 according to StockzIntelligence Inc. ATHN outperformed the S&P 500 by 2.32%.
Paradigm Asset Mngmt Ltd invested 0% in athenahealth, Inc.
ATHN has been the topic of several analyst reports. They expect $0.62 earnings per share, up 121.43 % or $0.34 from last year's $0.28 per share. It proposed buying it for $160 a share, valuing Athenahealth at $6.46 billion, and taking it private. 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.The P/E ratio is 120.33. The company has a market cap of $6.03 billion, a PE ratio of 96.28, a PEG ratio of 2.78 and a beta of 1.26.
Sei Investments Co.'s holdings in athenahealth were worth $14,282,000 at the end of the most recent reporting period.
The athenahealth board has launched a search for a new CEO.
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