athenahealth, Inc. (ATHN) Position Cut by Rhumbline Advisers

Rhumbline Advisers reduced its holdings in shares of athenahealth, Inc. (NASDAQ:ATHN) by 4.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,465 shares of the health services provider’s stock after selling 1,975 shares during the period. Rhumbline Advisers owned approximately 0.11% of athenahealth worth $5,281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Advisor Group Inc. increased its position in athenahealth by 2.8% during the 2nd quarter. Advisor Group Inc. now owns 1,744 shares of the health services provider’s stock valued at $244,000 after buying an additional 47 shares in the last quarter. Teacher Retirement System of Texas increased its position in athenahealth by 2.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,156 shares of the health services provider’s stock valued at $444,000 after buying an additional 67 shares in the last quarter. Seven Bridges Advisors LLC increased its position in athenahealth by 5.4% during the 2nd quarter. Seven Bridges Advisors LLC now owns 1,303 shares of the health services provider’s stock valued at $183,000 after buying an additional 67 shares in the last quarter. State of Wisconsin Investment Board increased its position in athenahealth by 0.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 7,868 shares of the health services provider’s stock valued at $1,106,000 after buying an additional 70 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in athenahealth by 7.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,179 shares of the health services provider’s stock valued at $166,000 after buying an additional 84 shares in the last quarter.

Several brokerages recently issued reports on ATHN. Leerink Swann set a $155.00 target price on athenahealth and gave the company a “hold” rating in a research report on Thursday, October 19th. BidaskClub raised athenahealth from a “strong sell” rating to a “sell” rating in a research report on Saturday. Jefferies Group set a $110.00 target price on athenahealth and gave the company a “hold” rating in a research report on Friday, October 13th. Robert W. Baird reduced their target price on athenahealth from $170.00 to $155.00 and set an “outperform” rating on the stock in a research report on Sunday, October 22nd. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $145.00 target price on shares of athenahealth in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $143.22.

Shares of athenahealth, Inc. (NASDAQ:ATHN) opened at $132.66 on Friday. The company has a market capitalization of $5,317.95, a PE ratio of 112.62, a P/E/G ratio of 4.99 and a beta of 1.57. athenahealth, Inc. has a 1-year low of $90.11 and a 1-year high of $158.66. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.35.

athenahealth (NASDAQ:ATHN) last posted its earnings results on Thursday, October 19th. The health services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.50 by $0.06. The firm had revenue of $304.60 million for the quarter, compared to analyst estimates of $310.52 million. athenahealth had a return on equity of 6.78% and a net margin of 2.65%. athenahealth’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. analysts predict that athenahealth, Inc. will post 1.2 EPS for the current year.

In other athenahealth news, SVP Jonathan D. Porter sold 300 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $130.38, for a total transaction of $39,114.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Brandon H. Hull sold 800 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $130.00, for a total value of $104,000.00. The disclosure for this sale can be found here. Insiders have sold 8,483 shares of company stock worth $1,069,532 in the last quarter. 3.20% of the stock is currently owned by company insiders.

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About athenahealth

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.

Institutional Ownership by Quarter for athenahealth (NASDAQ:ATHN)

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