Health Care

Athenahealth CEO Steps Down Amid Review, Elliott Offer

Athenahealth CEO Steps Down Amid Review, Elliott Offer”

Sold All: 23 Reduced: 65 Increased: 61 New Position: 53. Evercore Wealth Mgmt Limited Liability Corp invested in 6,300 shares. Tiaa Cref Invest Lc has 0.01% invested in athenahealth, Inc. Also, the number of hedge funds holding Athenahealth Inc in their top 10 positions was flat from 5 to 5 for the same number. (NASDAQ:ATHN) or 2,235 shs. On Thursday, March 1 O'Brien Timothy John sold $420,596 worth of athenahealth, Inc. Voya Invest Management Ltd Liability Co has invested 0% in athenahealth, Inc. (NASDAQ:ATHN) for 241 shares. (NASDAQ:ATHN) news brought out recently go to: Streetinsider.com, Bizjournals.com, Seekingalpha.com, Seekingalpha.com or Streetinsider.com.

Barton Investment Management holds 5.7% of its portfolio in athenahealth, Inc. for 174,894 shares. (NASDAQ:ATHN). Wg Shaheen And Associate Dba Whitney And, New York-based fund reported 75 shares. Citadel Limited Liability holds 105,032 shs or 0.01% of its capital.

Since January 2, 2018, it had 2 insider purchases, and 23 sales for $12.40 million activity. (NASDAQ:ATHN) for 200 shares. Hull Brandon H sold $107,896 worth of stock. Haley Daniel P had sold 1,107 shs worth $165,383. 1,795 shares valued at $252,485 were sold by Armbrester Bradford Kyle on Monday, February 26. $507,744 worth of athenahealth, Inc. (NASDAQ:ATHN). Ftb Advsrs owns 109 shs for 0% of their capital. The valuation of NASDAQ:ATHN can change by $445.90 million if our $168.67 price target is hit. Citigroup's target price would indicate a potential upside of 5.86% from the stock's previous close.

Ratings analysis reveals 29% of Athenahealth's analysts are positive. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.25. athenahealth has a 52 week low of $111.61 and a 52 week high of $158.66. 31 are the (NASDAQ:ATHN)'s analyst reports since December 8, 2017 according to StockzIntelligence Inc. Stifel Nicolaus maintained it with "Hold" rating and $147.0 target in Friday, February 2 report. On Monday, May 7 the stock of athenahealth, Inc. Finally, Robert W. Baird lifted their price objective on athenahealth to $150.00 and gave the stock an "outperform" rating in a report on Tuesday, May 8th. The firm has "Hold" rating given on Monday, February 5 by Canaccord Genuity. Jefferies maintained athenahealth, Inc. On Wednesday, February 7 Cantor Fitzgerald maintained the shares of ATHN in report with "Hold" rating. (NASDAQ:ATHN) with "Neutral" rating. (NASDAQ:ATHN). Trexquant Invest Lp holds 0.03% or 2,937 shares in its portfolio. The company rating was maintained by Cantor Fitzgerald on Thursday, May 24. (NASDAQ:ATHN) earned "Hold" rating by Berenberg on Tuesday, May 15.

Ticker's shares touched $157.635 during the last trading session after 4.30% change.athenahealth, Inc. has 658,872 shares volume, 22.39% up from normal. The stock outperformed the S&P500 by 2.32%. 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. (NASDAQ:ATHN). Porter Jonathan D. had sold 150 shs worth $19,239. If reported the P/E will be 63.56 with $25.05 million profit. The health services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.01. athenahealth had a net margin of 1.94% and a return on equity of 6.41%.

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 provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services.

Athenahealth, based in Watertown, Massachusetts, makes medical record, revenue cycle and care coordination products and delivers most of its offerings through cloud-based software.

Marc Levine, chief financial officer at Athenahealth, will take on more day-to-day operational responsibilities and oversight, while Amy Abernethy, a board member and chief medical officer at Flatiron Health, will advise "the executive leadership team on data strategy within her role as a director".

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