Athenahealth Inc (NASDAQ:ATHN) Institutional Investors Sentiment Index Up in Q1 2018

Athenahealth CEO steps down; company considers sale

Athenahealth CEO steps down in wake of past abuse allegations

It improved, as 23 investors sold athenahealth, Inc. shares while 65 reduced holdings. Guggenheim Cap Ltd Limited Liability Company owns 2,980 shares or 0% of their U.S. portfolio. Comerica Bancshares has 1,646 shares. (NASDAQ:ATHN) for 182 shares.

In other news related to MongoDB, Inc. stock, 74.36% shares of MDB held by institutions. The firm has "Hold" rating given on Thursday, February 15 by RBC Capital Markets. (NASDAQ:ATHN). Peak6 Invs L P reported 0% in athenahealth, Inc. (NASDAQ:ATHN) shares were sold by Armbrester Bradford Kyle. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.71 and a quick ratio of 2.71. Verition Fund Mngmt Limited Liability Company holds 0.03% in athenahealth, Inc. Alps Advsrs owns 3,863 shares for 0% of their portfolio. Tokio Marine Asset Management Ltd invested in 0.2% or 7,800 shares. Sandy Spring Natl Bank holds 250 shares.

Since January 1, 0001, it had 2 buys, and 23 insider sales for $12.40 million activity.

Athenahealth did not directly address any of the claims about Bush's alleged misbehavior in its statement. The shares were sold at an average price of $140.47, for a total transaction of $702,350.00. Shares for $507,744 were bought by IMMELT JEFFREY R. 5,000 shares were sold by Bush Jonathan, worth $613,427. On Friday, December 8 Deutsche Bank initiated athenahealth, Inc. The insider O'Brien Timothy John sold 3,064 shares worth $420,596. Citigroup's PT indicates a possible upside of 1.91 % from the stock close price of the company.

Ratings analysis reveals 29% of Athenahealth's analysts are positive.

With this stock price's latest movement, it is now -0.77% away from its 1-year high and 41.06% higher than its 1-year low price. The stock's average target of $150.18 is -4.05% below today's ($156.52) share price. (NASDAQ:ATHN) has "Hold" rating given on Tuesday, February 20 by Cantor Fitzgerald. As per Friday, February 16, the company rating was maintained by Piper Jaffray. On Tuesday, April 24 JP Morgan maintained athenahealth, Inc. (NASDAQ:ATHN) on Monday, May 14 with "Hold" rating. (NASDAQ:ATHN) on Monday, February 26. Berenberg has "Hold" rating and $163 target. The stock rating was upgraded by Evercore to "Outperform" on Tuesday, May 8. $165,383 worth of athenahealth, Inc. (NASDAQ:ATHN) on Tuesday, January 2. The stock of athenahealth, Inc.

ATHN reached $157.635 during the last trading session after $6.495 change.athenahealth, uptrending after having risen 14.89% since June 6, 2017.

Jonathan Bush, chairman and CEO of athenahealth Inc. speaks at a panel "RX for healthcare?" The stock outperformed the S&P500 by 2.32%.

Wednesday's announcements make it more likely that athenahealth will eventually be acquired, Leerink analyst David Larsen wrote. (NASDAQ:ATHN). Balyasny Asset Mngmt Llc reported 159,916 shs stake. The firm posted $0.96 earnings per share (EPS) for the three-month period, surpassing analysts' consensus estimate of $0.71 by $0.25. The health services provider reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.53. athenahealth had a net margin of 6.77% and a return on equity of 13.01%.

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 managing patient'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 P/E ratio is 120.33. The company has a market capitalization of $6.11 billion, a PE ratio of 96.27, a P/E/G ratio of 2.81 and a beta of 1.26. 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.

The customer support center at the athenahealth Belfast location, February 12, 2018. "As the company explores alternatives, I'm sure there will be multiple financial sponsors interested in taking a look, and Cerner is a logical strategic option", she notes, adding that Cerner has publicly stated their lack of interest in athenahealth.

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