athenahealth, Inc (ATHN) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

June 19, 2017 - By Adrian Erickson

Investors sentiment increased to 1.11 in 2016 Q4. Its up 0.11, from 1 in 2016Q3. It improved, as 34 investors sold athenahealth, Inc shares while 66 reduced holdings. 43 funds opened positions while 68 raised stakes. 45.81 million shares or 1.47% less from 46.49 million shares in 2016Q3 were reported.
Engineers Gate Manager Limited Partnership holds 0.1% or 8,990 shares in its portfolio. Jane Street Grp Limited Com accumulated 15,109 shares. Stephens Incorporated Ar reported 0.02% of its portfolio in athenahealth, Inc (NASDAQ:ATHN). Sei Com stated it has 82,649 shares or 0.04% of all its holdings. Pura Vida Investments reported 3.66% of its portfolio in athenahealth, Inc (NASDAQ:ATHN). Blackrock Fund Advsrs owns 413,123 shares or 0.01% of their US portfolio. Tiaa Cref Investment Limited Liability Corp owns 143,096 shares. Brown Brothers Harriman & Company has invested 0% in athenahealth, Inc (NASDAQ:ATHN). Franklin Res Incorporated owns 412,599 shares for 0.02% of their portfolio. Bush Odonnell Inv Advsr stated it has 0.65% of its portfolio in athenahealth, Inc (NASDAQ:ATHN). State Street Corporation accumulated 485,105 shares. Loring Wolcott Coolidge Fiduciary Advsr Limited Liability Partnership Ma holds 0% or 133 shares. Clear Harbor Asset Mgmt stated it has 2,477 shares or 0.05% of all its holdings. The New York-based Laurion Cap Management Limited Partnership has invested 0.01% in athenahealth, Inc (NASDAQ:ATHN). Barton Invest holds 7.59% in athenahealth, Inc (NASDAQ:ATHN) or 216,835 shares.

Since January 12, 2017, it had 0 insider buys, and 13 selling transactions for $5.15 million activity. 4,000 shares were sold by Bush Jonathan, worth $480,000 on Thursday, January 12. Hull Brandon H sold $107,576 worth of stock. 3,398 shares were sold by O’Brien Timothy John, worth $363,654. Another trade for 2,431 shares valued at $316,030 was sold by Armbrester Bradford Kyle. Shares for $984,032 were sold by KANE JOHN A on Friday, April 28. Stubelis Karl sold $549,261 worth of stock. Porter Jonathan D. had sold 300 shares worth $32,844.

The stock of athenahealth, Inc (NASDAQ:ATHN) hit a new 52-week high and has $156.90 target or 8.00 % above today’s $145.28 share price. The 6 months bullish chart indicates low risk for the $5.94B company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $156.90 price target is reached, the company will be worth $475.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 104,445 shares traded. athenahealth, Inc (NASDAQ:ATHN) has risen 0.90% since June 19, 2016 and is uptrending. It has underperformed by 15.80% the S&P500.

Investors wait athenahealth, Inc (NASDAQ:ATHN) to report on July, 20. its quarterly earnings Wall Street analysts expect $0.09 earnings per share, up $0.03 or 50.00 % from last year’s $0.06 same quarter earnings. This translates into $3.68 million profit for ATHN giving the stock a 403.28 P/E. This is assuming the current $0.09 EPS is accurate. athenahealth, Inc’s Wall Street analysts see -10.00 % negative EPS growth, taking into account the $0.10 EPS reproted in the previous quarter,

athenahealth, Inc (NASDAQ:ATHN) Ratings Coverage

Among 21 analysts covering athenaHealth (NASDAQ:ATHN), 9 have Buy rating, 2 Sell and 10 Hold. Therefore 43% are positive. athenaHealth had 33 analyst reports since July 27, 2015 according to SRatingsIntel. Topeka Capital Markets maintained the shares of ATHN in report on Monday, July 27 with “Buy” rating. Dougherty & Company initiated the stock with “Buy” rating in Friday, December 2 report. The company was maintained on Monday, February 6 by Dougherty & Company. As per Friday, December 16, the company rating was maintained by Dougherty & Company. On Friday, October 28 the stock rating was downgraded by JP Morgan to “Neutral”. The firm has “Mkt Perform” rating given on Friday, July 22 by FBR Capital. The stock of athenahealth, Inc (NASDAQ:ATHN) earned “Outperform” rating by Raymond James on Friday, October 23. The stock has “Buy” rating by UBS on Tuesday, May 30. On Tuesday, November 17 the stock rating was initiated by JP Morgan with “Overweight”. The rating was downgraded by Topeka Capital Markets on Monday, October 26 to “Hold”.

More notable recent athenahealth, Inc (NASDAQ:ATHN) news were published by: Investorplace.com which released: “athenahealth, Inc (ATHN), Yelp Inc (YELP) Leads Today’s Top 30 Investor Filings” on June 13, 2017, also Benzinga.com with their article: “Citi: Apple Could Benefit From An Athenahealth Acquisition” published on June 15, 2017, Nasdaq.com published: “Why Is athenahealth (ATHN) Up 10.4% Since the Last Earnings Report?” on June 01, 2017. More interesting news about athenahealth, Inc (NASDAQ:ATHN) were released by: Seekingalpha.com and their article: “Athenahealth: Pure Short Play” published on June 09, 2017 as well as Seekingalpha.com‘s news article titled: “athenahealth To Acquire Praxify For Up To $63 Million” with publication date: June 09, 2017.

athenahealth, Inc. provides network medical record, revenue cycle, patient engagement, care coordination and population health services. The company has market cap of $5.94 billion. The Firm also offers Epocrates and other point-of-care mobile applications. It has a 286.21 P/E ratio. The Firm delivers majority of its service offerings through a single instance of cloud software, athenaNet.

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