athenahealth, Inc (ATHN) Shares Bought by DLD Asset Management LP

DLD Asset Management LP raised its position in shares of athenahealth, Inc (NASDAQ:ATHN) by 525.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,000 shares of the health services provider’s stock after buying an additional 105,000 shares during the period. athenahealth comprises about 0.8% of DLD Asset Management LP’s holdings, making the stock its 24th largest holding. DLD Asset Management LP’s holdings in athenahealth were worth $16,700,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gagnon Securities LLC raised its stake in athenahealth by 94.9% in the third quarter. Gagnon Securities LLC now owns 42,249 shares of the health services provider’s stock valued at $5,644,000 after buying an additional 20,577 shares in the last quarter. GAM Holding AG acquired a new stake in athenahealth in the third quarter valued at $797,000. GSA Capital Partners LLP acquired a new stake in athenahealth in the third quarter valued at $2,052,000. United Services Automobile Association raised its stake in athenahealth by 340.1% in the third quarter. United Services Automobile Association now owns 155,812 shares of the health services provider’s stock valued at $20,816,000 after buying an additional 120,412 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in athenahealth by 53.8% in the third quarter. Franklin Resources Inc. now owns 7,195 shares of the health services provider’s stock valued at $961,000 after buying an additional 2,516 shares in the last quarter. Institutional investors and hedge funds own 96.15% of the company’s stock.

A number of research firms have weighed in on ATHN. BidaskClub cut athenahealth from a “sell” rating to a “strong sell” rating in a research note on Friday, August 10th. Cantor Fitzgerald reiterated a “hold” rating and set a $145.00 target price on shares of athenahealth in a research report on Tuesday, September 18th. MED cut their target price on athenahealth to $140.00 and set a “hold” rating on the stock in a research report on Wednesday, September 19th. SunTrust Banks cut their target price on athenahealth to $150.00 in a research report on Wednesday, September 19th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $140.00 target price on shares of athenahealth in a research report on Friday, September 28th. One analyst has rated the stock with a sell rating, twenty have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $147.71.

In related news, insider Daniel P. Haley sold 2,204 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $127.23, for a total value of $280,414.92. Following the transaction, the insider now owns 10,555 shares in the company, valued at approximately $1,342,912.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 2,504 shares of company stock worth $317,891 in the last 90 days. 2.90% of the stock is currently owned by insiders.

Shares of ATHN stock opened at $132.57 on Tuesday. The stock has a market capitalization of $5.40 billion, a P/E ratio of 84.44, a P/E/G ratio of 2.39 and a beta of 0.82. athenahealth, Inc has a 52-week low of $116.77 and a 52-week high of $163.94. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.74 and a current ratio of 2.74.

athenahealth (NASDAQ:ATHN) last issued its quarterly earnings results on Friday, November 9th. The health services provider reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.10. The firm had revenue of $331.40 million for the quarter, compared to analysts’ expectations of $336.98 million. athenahealth had a return on equity of 15.35% and a net margin of 9.57%. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 EPS. As a group, equities research analysts forecast that athenahealth, Inc will post 3.15 EPS for the current fiscal year.

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athenahealth Profile

athenahealth, Inc, together with its subsidiaries, provides network-based medical record, revenue cycle, patient engagement, care coordination, and population health services for medical groups and health systems. 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 provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services.

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Institutional Ownership by Quarter for athenahealth (NASDAQ:ATHN)

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