ETRADE Capital Management LLC acquired a new position in shares of athenahealth, Inc (NASDAQ:ATHN) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,850 shares of the health services provider’s stock, valued at approximately $246,000.
A number of other hedge funds also recently made changes to their positions in the business. Alliancebernstein L.P. grew its holdings in athenahealth by 1.8% during the 4th quarter. Alliancebernstein L.P. now owns 22,790 shares of the health services provider’s stock worth $3,032,000 after acquiring an additional 400 shares in the last quarter. Gagnon Securities LLC boosted its holdings in shares of athenahealth by 33.7% in the 4th quarter. Gagnon Securities LLC now owns 39,992 shares of the health services provider’s stock valued at $5,321,000 after buying an additional 10,086 shares during the period. Geode Capital Management LLC boosted its holdings in shares of athenahealth by 2.1% in the 4th quarter. Geode Capital Management LLC now owns 342,540 shares of the health services provider’s stock valued at $45,571,000 after buying an additional 7,198 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of athenahealth by 67.0% in the 4th quarter. Allianz Asset Management GmbH now owns 555,766 shares of the health services provider’s stock valued at $73,939,000 after buying an additional 223,006 shares during the period. Finally, Jackson Square Partners LLC boosted its holdings in shares of athenahealth by 1.1% in the 4th quarter. Jackson Square Partners LLC now owns 531,549 shares of the health services provider’s stock valued at $70,717,000 after buying an additional 5,811 shares during the period.
In other athenahealth news, CEO Jonathan Bush sold 250 shares of the business’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $139.27, for a total transaction of $34,817.50. Following the sale, the chief executive officer now directly owns 321,533 shares in the company, valued at approximately $44,779,900.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Timothy John O’brien sold 3,064 shares of the business’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $137.27, for a total transaction of $420,595.28. Following the sale, the chief marketing officer now owns 11,320 shares in the company, valued at $1,553,896.40. The disclosure for this sale can be found here. Insiders have sold a total of 108,705 shares of company stock worth $14,891,199 over the last 90 days. 3.20% of the stock is owned by insiders.
athenahealth, Inc (NASDAQ:ATHN) opened at $145.62 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.84 and a current ratio of 1.84. The stock has a market cap of $5,854.68, a PE ratio of 86.40, a price-to-earnings-growth ratio of 2.53 and a beta of 1.17. athenahealth, Inc has a one year low of $95.01 and a one year high of $158.66.
athenahealth (NASDAQ:ATHN) last posted its earnings results on Thursday, February 1st. The health services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.48. The firm had revenue of $329.20 million during the quarter, compared to analyst estimates of $319.64 million. athenahealth had a net margin of 4.35% and a return on equity of 9.21%. athenahealth’s revenue was up 14.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. equities research analysts predict that athenahealth, Inc will post 2.69 earnings per share for the current fiscal year.
athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.
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