Athenahealth CEO steps down; company considers sale

Leslie Hanson
June 8, 2018

The health services provider reported $1.25 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.72 by $0.53. 53 funds opened positions while 61 raised stakes. The stock of athenahealth, Inc. (NASDAQ:ATHN). 4,278 are held by Great West Life Assurance Can.

Proshare Advsrs Ltd Liability Co has invested 0% in athenahealth, Inc. (NASDAQ:ATHN). Twin Tree Management Limited Partnership holds 0% or 3,413 shares in its portfolio. stated it has 1.63M shares or 0.07% of all its holdings. Utah Retirement System has invested 0.02% in athenahealth, Inc. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 2,697 shares. Jfs Wealth Advisors Limited Co owns 200 shares or 0.01% of their United States portfolio. Quantitative Mgmt Lc reported 14,400 shares or 0.04% of all its holdings. Winslow Evans & Crocker Incorporated has invested 0% in athenahealth, Inc. Quantitative Invest Management Ltd Liability has invested 0.04% in athenahealth, Inc. (NASDAQ:ATHN) news brought out recently go to: Streetinsider.com, Bizjournals.com, Seekingalpha.com, Seekingalpha.com or Streetinsider.com. "The board will be more focused on maximizing shareholder return", Larsen said Shares of the company were up 3.8 percent to $156.85 at 10:50 a.m.in NY.

Paul Singer, founder and CEO of hedge fund Elliott Management Corporation, speaks at the Manhattan Institute for Policy Research Alexander Hamilton Award Dinner in New York, May 12, 2014. 2,634 were reported by Advisory Rech. Also, the number of active investment managers holding Caci International Inc in their top 10 stock positions increased from 0 to 2 for an increase of 2. (NASDAQ:ATHN) for 5,509 shares. Shares for $507,744 were bought by IMMELT JEFFREY R. 5,000 shares were sold by Bush Jonathan, worth $613,427. 150 shares were sold by Porter Jonathan D., worth $21,512. (NASDAQ:ATHN) on Friday, February 2. The PT means a possible upside of 1.91 % from firm's previous close.

Among 17 analysts covering Athenahealth (NASDAQ:ATHN), 5 have Buy rating, 0 Sell and 12 Hold.


Ratings analysis reveals 29% of Athenahealth's analysts 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. Athenahealth had 27 analyst reports since December 8, 2017 according to SRatingsIntel. On Thursday, February 15 the company was maintained by RBC Capital Markets. Cantor Fitzgerald maintained athenahealth, Inc. (NASDAQ:ATHN) shs. On Thursday, March 1 Armbrester Bradford Kyle sold $309,995 worth of athenahealth, Inc. The rating was maintained by Jefferies with "Hold" on Thursday, February 1. (NASDAQ:ATHN) has "Hold" rating given by Cantor Fitzgerald. Leerink Swann maintained the shares of ATHN in report on Tuesday, May 8 with "Hold" rating. On Tuesday, May 8 the rating was maintained by Robert W. Baird with "Outperform". The stock has "Neutral" rating by JP Morgan on Tuesday, April 24. The company rating was maintained by Deutsche Bank on Tuesday, May 22. On Monday, February 5 the stock of athenahealth, Inc. (NASDAQ:ATHN) earned "Hold" rating by Cantor Fitzgerald.

(ATHN) surged 4.17%, amounting to a gain of $6.3 per share, to finish the regular trading session at $157.44 on Wednesday 06/06/2018. About 404,635 shares traded. athenahealth, Inc. (NASDAQ:ATHN) has risen 14.89% since June 7, 2017 and is uptrending. ATHN outperformed by 2.32% the S&P500. During the same period last year, the business posted $0.32 EPS. sell-side analysts forecast that athenahealth will post 2.92 earnings per share for the current fiscal year. They expect $1.65 earnings per share, down 6.25 % or $0.11 from last year's $1.76 per share. Analysts sees -37.37 % negative EPS growth this quarter.

In its offer letter to the company's board, Elliott argued that Athenahealth's stock has been underperforming and criticized the company for seemingly "reverting back to long-established patterns of challenged execution" and being "unwilling to explore strategic alternatives for maximizing value". 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.

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