TLP Group LLC Acquires Shares of 1,594 athenahealth, Inc (ATHN)

TLP Group LLC acquired a new stake in shares of athenahealth, Inc (NASDAQ:ATHN) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,594 shares of the health services provider’s stock, valued at approximately $228,000.

A number of other institutional investors have also recently made changes to their positions in the business. Teacher Retirement System of Texas grew its stake in shares of athenahealth by 310.9% during the 4th quarter. Teacher Retirement System of Texas now owns 13,538 shares of the health services provider’s stock valued at $1,801,000 after purchasing an additional 10,243 shares during the period. California Public Employees Retirement System grew its stake in shares of athenahealth by 3.2% during the 4th quarter. California Public Employees Retirement System now owns 77,400 shares of the health services provider’s stock valued at $10,297,000 after purchasing an additional 2,400 shares during the period. Swiss National Bank grew its stake in shares of athenahealth by 2.0% during the 4th quarter. Swiss National Bank now owns 67,930 shares of the health services provider’s stock valued at $9,037,000 after purchasing an additional 1,300 shares during the period. Wells Fargo & Company MN grew its stake in shares of athenahealth by 5.4% during the 4th quarter. Wells Fargo & Company MN now owns 82,747 shares of the health services provider’s stock valued at $11,009,000 after purchasing an additional 4,243 shares during the period. Finally, Capital Fund Management S.A. bought a new stake in shares of athenahealth during the 4th quarter valued at about $953,000.

A number of research analysts recently issued reports on ATHN shares. Bank of America started coverage on athenahealth in a research note on Tuesday, February 27th. They set a “neutral” rating and a $147.00 price objective for the company. Oppenheimer boosted their price objective on athenahealth from $158.00 to $179.00 and gave the company an “outperform” rating in a research note on Tuesday. JPMorgan Chase & Co. started coverage on athenahealth in a report on Tuesday, April 24th. They issued a “neutral” rating and a $159.00 price target on the stock. ValuEngine cut athenahealth from a “hold” rating to a “sell” rating in a report on Friday, April 27th. Finally, Piper Jaffray Companies boosted their price target on athenahealth from $155.00 to $179.00 and gave the stock an “overweight” rating in a report on Wednesday, June 6th. Eighteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $154.81.



In other news, SVP Jonathan D. Porter sold 422 shares of the firm’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $153.30, for a total value of $64,692.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jonathan Bush sold 25,000 shares of the firm’s stock in a transaction dated Monday, May 7th. The stock was sold at an average price of $155.00, for a total value of $3,875,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,979 shares of company stock valued at $6,244,631. 2.90% of the stock is currently owned by company insiders.

Shares of athenahealth traded up $0.72, reaching $160.65, during midday trading on Friday, according to Marketbeat. 233,652 shares of the stock were exchanged, compared to its average volume of 361,030. The company has a current ratio of 2.71, a quick ratio of 2.71 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 61.99, a PEG ratio of 2.99 and a beta of 1.26. athenahealth, Inc has a 52 week low of $111.61 and a 52 week high of $163.94.

athenahealth (NASDAQ:ATHN) last issued its quarterly earnings data on Thursday, April 26th. The health services provider reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.53. athenahealth had a return on equity of 13.01% and a net margin of 6.77%. The firm had revenue of $329.40 million during the quarter, compared to analysts’ expectations of $318.13 million. During the same period in the prior year, the business posted $0.32 EPS. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. equities research analysts predict that athenahealth, Inc will post 2.9 EPS for the current year.

athenahealth Company Profile

athenahealth, Inc, together with its subsidiaries, provides network-based medical record, revenue cycle, patient engagement, care coordination, and population health services for medical groups and health systems. 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.

Institutional Ownership by Quarter for athenahealth (NASDAQ:ATHN)

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