Suntrust Banks Inc. Continues to Hold Position in athenahealth, Inc (ATHN)

Jonathan Bush
Michael Seto Business Insider
Author

19 May, 2017

In comparison, previous year the company earned revenue of $256 million and had a GAAP net loss of $833K. The company has an average rating of "Buy" and a consensus price target of $131.42.

If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, ATHN earned gross profit of 383.9 Million, in 2015 462.5 Million gross profit, while in 2016 athenahealth, Inc. Equities research analysts anticipate that athenahealth, Inc will post $1.89 earnings per share for the current fiscal year. The correct version of this piece can be read at https://sportsperspectives.com/2017/05/18/suntrust-banks-inc-continues-to-hold-position-in-athenahealth-inc-athn.html. The company has a market capitalization of $4.23 billion, a P/E ratio of 209.21 and a beta of 1.77.

According to the SEC filing, Elliott Associates described athenahealth stock as an attractive investment opportunity because it is now undervalued. The firm presently has a "sell" rating on the health services provider's stock.

Athenahealth, which provides internet-based services for doctors and other health providers, "operates in a highly strategic area at the intersection of technology and health care", Elliott said in the filing. The stock was sold at an average price of $120.00, for a total value of $960,000.00. BlackRock Fund Advisors raised its position in athenahealth by 2.3% in the third quarter. The stock had previously closed at $121.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The shares were sold at an average price of $109.48, for a total value of $32,844.00.

ATHN has a 1-year high price of $ 142.40 and 1-year low price of $90.11. Following the completion of the transaction, the chief executive officer now owns 319,807 shares of the company's stock, valued at approximately $38,376,840. The disclosure for this sale can be found here. BlackRock Inc. now owns 5,599 shares of the health services provider's stock worth $705,000 after buying an additional 472 shares in the last quarter. State Street Corp now owns 502,823 shares of the health services provider's stock valued at $56,662,000 after buying an additional 17,718 shares during the period. Intellectus Partners LLC acquired a new stake in shares of athenahealth during the fourth quarter valued at about $105,000. Janus Capital Management LLC increased its position in athenahealth by 18.1% in the fourth quarter. Credit Suisse AG now owns 300,420 shares of the health services provider's stock valued at $33,854,000 after buying an additional 240,876 shares during the period.

Athenahealth offers a variety of tech-enabled services to hospitals and outpatient care centers, including electronic health record services, patient engagement and care devices, and mobile apps. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.


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