Athenahealth says CEO steps down; considers selling itself

Postado Junho 08, 2018

61 grew stakes while 53 funds bought stakes.

Stifel Financial reported 10,592 shares. Other investors-including Janus Henderson Group, which has a roughly 12% stake in Athenahealth-met with the Athenahealth board this month to urge a sale and to raise concerns about Athenahealth management's "execution of strategic initiatives". Verition Fund Mngmt Limited Liability Company holds 0.03% in athenahealth, Inc.

Bush's departure marks the end of an era for Athenahealth, a company he founded and where he remained as CEO for 21 years. Winslow Evans & Crocker Incorporated has invested 0% in athenahealth, Inc. (NASDAQ:ATHN). Huntington Bank & Trust owns 55,774 shares. Armbrester Bradford Kyle sold $252,485 worth of athenahealth, Inc. Alps Advsrs owns 3,863 shares for 0% of their portfolio. During the past quarter, total 17,741,982 shares held by institutions with the net change of 5,253,198 shares.

In other news, SVP Jonathan D. Porter sold 422 shares of the company's stock in a transaction on Monday, May 7th. The total number of institutions who held the MDB shares was 108, according to most recent SEC filling. Tiaa Cref Investment Mgmt Limited Com accumulated 143,045 shs or 0.01% of the stock.

Since January 2, 2018, it had 2 buys, and 23 selling transactions for $12.40 million activity.

Athenahealth CEO Jonathan Bush is stepping down amid allegations of misconduct. Hull Brandon H also sold $86,849 worth of athenahealth, Inc. (NASDAQ:ATHN). Capital Impact Advsrs Ltd Liability Corp reported 0.54% of its portfolio in athenahealth, Inc.

They now have a $179 target price on athenahealth (NASDAQ:ATHN). This target by PiperJaffray indicates the possibile upside of 13.69 % from the last price. On Wednesday, June 6 the stock of athenahealth, Inc.

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. The average target $154.28 is -2.13% below the last ($157.635) price. ATHN was included in 27 notes of analysts from December 8, 2017. KeyBanc Capital Markets maintained the stock with "Buy" rating in Thursday, January 11 report. The stock of athenahealth, Inc. The stock rating was upgraded by Evercore to "Outperform" on Tuesday, May 8. In Tuesday, May 8 report Leerink Swann maintained the stock with "Hold" rating. The rating was maintained by Canaccord Genuity on Monday, February 5 with "Hold". Cantor Fitzgerald maintained athenahealth, Inc. The firm earned "Hold" rating on Wednesday, February 7 by Cantor Fitzgerald. (NASDAQ:ATHN) rating. Deutsche Bank has "Hold" rating and $145.0 target. On Tuesday, May 22 the stock rating was maintained by Deutsche Bank with "Hold". (NASDAQ:ATHN) on Thursday, March 1. In Thursday, February 1 report Jefferies maintained the stock with "Hold" rating. (NASDAQ:ATHN). Hbk Lp holds 2,670 shares. Jpmorgan Chase & has invested 0% in athenahealth, Inc. (NASDAQ:ATHN) has risen 14.89% since June 6, 2017 and is uptrending. The stock outperformed the S&P500 by 2.32%.

Paradigm Asset Mngmt Ltd invested 0% in athenahealth, Inc. (NASDAQ:ATHN) to report earnings on July, 19. The business's revenue was up 15.4% on a year-over-year basis. equities research analysts expect that athenahealth will post 2.92 earnings per share for the current fiscal year. If $0.62 is reported, ATHN's profit will reach $25.05M for 63.56 P/E. The health services provider reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.53.

Meanwhile, the company is mulling over a almost $7 billion takeover offer from Elliott Management. 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. 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.

For more athenahealth, Inc.