Could Athenahealth Inc (NASDAQ:ATHN) See a Reversal After Less Sellers Came In?

June 19, 2018 - By Graig Alexander

athenahealth, Inc. (NASDAQ:ATHN) Logo

Investors sentiment increased to 1.3 in 2018 Q1. Its up 0.30, from 1 in 2017Q4. It improved, as 23 investors sold athenahealth, Inc. shares while 65 reduced holdings. 53 funds opened positions while 61 raised stakes. 44.45 million shares or 1.74% less from 45.24 million shares in 2017Q4 were reported.
Alpha Windward Limited Liability Corporation has invested 0.03% in athenahealth, Inc. (NASDAQ:ATHN). Franklin Res Inc holds 0% or 4,846 shares. Hanson & Doremus reported 241 shares or 0.01% of all its holdings. 50,780 were reported by Avalon Glob Asset Management Llc. Quantitative Ltd holds 0.04% in athenahealth, Inc. (NASDAQ:ATHN) or 14,400 shares. Ubs Asset Mgmt Americas reported 33,649 shares or 0% of all its holdings. Wells Fargo Mn has 0.01% invested in athenahealth, Inc. (NASDAQ:ATHN). Vanguard Grp accumulated 3.31 million shares. Legal And General Group Inc Public Ltd has 21,371 shares. Paloma Prtnrs Mgmt Company stated it has 0.02% in athenahealth, Inc. (NASDAQ:ATHN). Schwab Charles Investment Mgmt accumulated 0.02% or 216,394 shares. Round Table Svcs Ltd Limited Liability Company stated it has 3,168 shares or 0.16% of all its holdings. Moreover, Natixis has 0.09% invested in athenahealth, Inc. (NASDAQ:ATHN). The Texas-based Services Automobile Association has invested 0.03% in athenahealth, Inc. (NASDAQ:ATHN). Ameriprise Financial holds 0.02% or 308,151 shares in its portfolio.

Since January 2, 2018, it had 2 buys, and 23 selling transactions for $12.40 million activity. On Tuesday, January 2 the insider ROBINSON DAVID ERIC sold $669,698. Armbrester Bradford Kyle had sold 2,235 shares worth $309,995. Haley Daniel P sold $157,765 worth of stock. $3.63M worth of athenahealth, Inc. (NASDAQ:ATHN) was sold by Bush Jonathan. IMMELT JEFFREY R also bought $996,800 worth of athenahealth, Inc. (NASDAQ:ATHN) on Tuesday, February 20. Shares for $86,849 were sold by Hull Brandon H.

The stock of Athenahealth Inc (NASDAQ:ATHN) registered a decrease of 10.13% in short interest. ATHN’s total short interest was 2.68M shares in June as published by FINRA. Its down 10.13% from 2.99 million shares, reported previously. With 577,300 shares average volume, it will take short sellers 5 days to cover their ATHN’s short positions. The short interest to Athenahealth Inc’s float is 6.8%.

The stock increased 0.85% or $1.35 during the last trading session, reaching $159.79. About 287,283 shares traded. athenahealth, Inc. (NASDAQ:ATHN) has risen 14.89% since June 19, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

athenahealth, Inc., together with its subsidiaries, provides network medical record, revenue cycle, patient engagement, care coordination, and population health services for medical groups and health systems. The company has market cap of $6.46 billion. It offers athenaCollector, a network-enabled billing and practice management solution; athenaClinicals, an electronic health record for electronic health record management to help manage patientÂ’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. It has a 76.56 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.

athenahealth, Inc. (NASDAQ:ATHN) Ratings Coverage

Among 18 analysts covering Athenahealth (NASDAQ:ATHN), 6 have Buy rating, 0 Sell and 12 Hold. Therefore 33% are positive. Athenahealth had 32 analyst reports since January 11, 2018 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Hold” on Friday, February 2. The stock of athenahealth, Inc. (NASDAQ:ATHN) has “Hold” rating given on Wednesday, February 14 by Cantor Fitzgerald. The stock has “Outperform” rating by Oppenheimer on Tuesday, June 12. The stock of athenahealth, Inc. (NASDAQ:ATHN) has “Market Perform” rating given on Thursday, June 7 by Leerink Swann. The stock of athenahealth, Inc. (NASDAQ:ATHN) has “Buy” rating given on Thursday, January 11 by KeyBanc Capital Markets. As per Friday, February 2, the company rating was maintained by Piper Jaffray. As per Tuesday, May 8, the company rating was maintained by Robert W. Baird. The stock has “Overweight” rating by PiperJaffray on Wednesday, June 6. The firm earned “Hold” rating on Wednesday, June 6 by Citigroup. On Tuesday, April 24 the stock rating was initiated by J.P. Morgan with “Hold”.

More notable recent athenahealth, Inc. (NASDAQ:ATHN) news were published by: Seekingalpha.com which released: “The Art Of The M&A Deal – athenahealth” on June 04, 2018, also Benzinga.com with their article: “Athenahealth Notches Price Target Increase After CEO Departure, Strategic Alternative Announcement” published on June 06, 2018, Bizjournals.com published: “Elliott again urges athenahealth to sell, claims a majority of shareholders agree” on May 24, 2018. More interesting news about athenahealth, Inc. (NASDAQ:ATHN) were released by: Seekingalpha.com and their article: “Athenahealth could fetch $170/share – Deutsche Bank” published on May 22, 2018 as well as Nasdaq.com‘s news article titled: “Better Buy: Veeva Systems Inc. vs. athenahealth, Inc.” with publication date: June 07, 2018.

athenahealth, Inc. (NASDAQ:ATHN) Ratings Chart

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