CEO of Athenahealth steps down: company considering sales

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CEO of Athenahealth steps down: company considering sales

53 funds acquired stakes and 61 increased stakes. Also, insider Daniel P. Haley sold 1,107 shares of athenahealth stock in a transaction dated Wednesday, May 16th. (NASDAQ:ATHN). Swiss Retail Bank has 0.01% invested in athenahealth, Inc. (NASDAQ:ATHN). 4,278 are held by Great West Life Assurance Can. Raymond James Svcs has invested 0.01% of its capital in athenahealth, Inc. Bank of America started coverage on shares of athenahealth in a research note on Tuesday, February 27th.

The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.71 and a current ratio of 2.71. Flinton Capital Management LLC now owns 1,168 shares of the health services provider's stock valued at $167,000 after acquiring an additional 448 shares during the last quarter. Additionally, SVP, Chief Product Officer Porter Jonathan D. sold 150 shares of this stock in a transaction that took place on May 29th, 2018. Tiaa Cref Investment Mgmt Limited Com accumulated 143,045 shs or 0.01% of the stock. Goldman Sachs Gp Inc invested 0.02% of its portfolio in athenahealth, Inc. (NASDAQ:ATHN) news released briefly go to: Benzinga.com, Seekingalpha.com, Streetinsider.com, Streetinsider.com or Bizjournals.com. Avalon Asset Mngmt Ltd Co holds 2.51% or 50,780 shs.

Paul Singer, founder and CEO of hedge fund Elliott Management Corporation, speaks at the Manhattan Institute for Policy Research Alexander Hamilton Award Dinner in New York, May 12, 2014. Finally, Summit Trail Advisors LLC increased its stake in shares of athenahealth by 13,481.3% in the 1st quarter. Also, the number of active investment managers holding Caci International Inc in their top 10 stock positions increased from 0 to 2 for an increase of 2. (NASDAQ:ATHN) or 150 shares.

Since January 1, 0001, it had 0 buys, and 9 insider sales for $9.50 million activity.

Now, effective immediately, Bush is leaving the company he co-founded in 1997 and relinquishing his board seat, Athenahealth said in Wednesday's announcement. In Friday, February 16 report Piper Jaffray maintained the stock with "Buy" rating. (NASDAQ:ATHN) shares were bought by IMMELT JEFFREY R. Hull Brandon H sold 800 shares worth $107,896. Armbrester Bradford Kyle sold $309,995 worth of stock. (NASDAQ:ATHN) on Wednesday, February 14 with "Hold" rating. The PT means a possible upside of 1.91 % from firm's previous close. ValuEngine cut shares of athenahealth from a "hold" rating to a "sell" rating in a research note on Friday, April 27th. Therefore 29% are positive. With $179 highest and $130.0 lowest target, Athenahealth has $154.28 average target or -2.13% below the current ($157.635) price. The stock presently has an average rating of "Hold" and a consensus price target of $129.32. 31 are the (NASDAQ:ATHN)'s analyst reports since December 8, 2017 according to StockzIntelligence Inc. On Tuesday, April 24 JP Morgan maintained athenahealth, Inc. (NASDAQ:ATHN) has "Hold" rating given on Thursday, February 15 by RBC Capital Markets. (NASDAQ:ATHN). Trexquant Invest Lp holds 0.03% or 2,937 shares in its portfolio. On Thursday, May 24 the firm has "Hold" rating given by Cantor Fitzgerald. On Tuesday, May 22 Deutsche Bank maintained the shares of ATHN in report with "Hold" rating. The rating was upgraded by Evercore to "Outperform" on Tuesday, May 8. In Tuesday, May 8 report Leerink Swann maintained the stock with "Hold" rating. Jefferies maintained athenahealth, Inc. (NASDAQ:ATHN) has "Hold" rating given on Monday, May 7 by Cantor Fitzgerald.

Athenahealth shares climbed more than 6 percent to $157.45 in afternoon trading. (NASDAQ:ATHN) in an exchange that happened on June 1st, 2018. The stock outperformed the S&P500 by 2.32%. They expect $1.65 earnings per share, down 6.25 % or $0.11 from last year's $1.76 per share. ATHN's profit will be $25.05M for 63.31 P/E if the $0.62 EPS becomes a reality. -37.37 % negative EPS growth is what Wall Street's forecasts after $0.99 reported EPS last quarter. Elliot had already submitted an unsolicited offer for athenahealth, offering $160 per share, a total of about $6.5 billion.

Athenahealth offers medical record, billing, referral management and population health services to a network of 114,000 providers and 110 million patients. It has a 120.18 P/E ratio.

Athenahealth's products include cloud-based electronic health records software, mobile apps, and patient engagement and care services for hospitals and outpatient care centers.

The athenahealth board has launched a search for a new CEO.

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