Avalon Global Asset Management LLC Lowered Athenahealth INC (Call) (ATHN) Stake by $3.30 Million as Share Value Declined

September 30, 2018 - By Palma Niemeyer

athenahealth, Inc. (NASDAQ:ATHN) LogoInvestors sentiment decreased to 1.2 in Q2 2018. Its down 0.10, from 1.3 in 2018Q1. It is negative, as 39 investors sold ATHN shares while 63 reduced holdings. 49 funds opened positions while 73 raised stakes. 39.58 million shares or 10.95% less from 44.45 million shares in 2018Q1 were reported. Oppenheimer & stated it has 0.01% in athenahealth, Inc. (NASDAQ:ATHN). Lombard Odier Asset Management (Usa) Corp invested in 5,210 shares. First Trust Advsr LP reported 113,915 shares. Avalon Glob Asset Ltd Liability Com reported 50,780 shares stake. Public Employees Retirement Sys Of Ohio invested 0.01% in athenahealth, Inc. (NASDAQ:ATHN). Us Commercial Bank De has invested 0.01% in athenahealth, Inc. (NASDAQ:ATHN). Benjamin F Edwards & Inc has 275 shares. Toronto Dominion Financial Bank holds 0.14% or 442,300 shares. Fdx Advsr Inc holds 3,455 shares or 0.02% of its portfolio. First Republic Invest Mgmt reported 0.01% in athenahealth, Inc. (NASDAQ:ATHN). Bessemer Group Incorporated holds 825 shares or 0% of its portfolio. Barton stated it has 180,975 shares. Earnest Prtnrs Ltd Limited Liability Company has 0% invested in athenahealth, Inc. (NASDAQ:ATHN). Loring Wolcott Coolidge Fiduciary Advsrs Limited Liability Partnership Ma stated it has 70 shares or 0% of all its holdings. Ballentine Prtn Limited Liability Com has 31,765 shares.

Since March 26, 2018, it had 0 insider buys, and 10 selling transactions for $5.59 million activity. $165,383 worth of athenahealth, Inc. (NASDAQ:ATHN) shares were sold by Haley Daniel P. The insider Bush Jonathan sold 5,000 shares worth $751,594.

Avalon Global Asset Management Llc decreased its stake in Athenahealth Inc (Call) (ATHN) by 40.92% based on its latest 2018Q2 regulatory filing with the SEC. Avalon Global Asset Management Llc sold 20,780 shares as the company’s stock declined 6.99% while stock markets rallied. The hedge fund held 30,000 shares of the miscellaneous company at the end of 2018Q2, valued at $4.77 million, down from 50,780 at the end of the previous reported quarter. Avalon Global Asset Management Llc who had been investing in Athenahealth Inc (Call) for a number of months, seems to be less bullish one the $5.41B market cap company. The stock increased 0.26% or $0.34 during the last trading session, reaching $133.6. About 430,623 shares traded. athenahealth, Inc. (NASDAQ:ATHN) has risen 10.27% since September 30, 2017 and is uptrending. It has underperformed by 5.35% the S&P500.

Avalon Global Asset Management Llc, which manages about $132.23 million and $275.25M US Long portfolio, upped its stake in Alphabet Inc (Call) by 3,100 shares to 6,000 shares, valued at $6.78M in 2018Q2, according to the filing. It also increased its holding in Cisco Sys Inc (Call) (NASDAQ:CSCO) by 105,000 shares in the quarter, for a total of 200,000 shares, and has risen its stake in Cvs Health Corp (NYSE:CVS).

Analysts await athenahealth, Inc. (NASDAQ:ATHN) to report earnings on October, 18. They expect $0.72 EPS, up 89.47 % or $0.34 from last year’s $0.38 per share. ATHN’s profit will be $29.16 million for 46.39 P/E if the $0.72 EPS becomes a reality. After $0.88 actual EPS reported by athenahealth, Inc. for the previous quarter, Wall Street now forecasts -18.18 % negative EPS growth.

More recent athenahealth, Inc. (NASDAQ:ATHN) news were published by: Seekingalpha.com which released: “Multiple offers for athenahealth – CNBC” on September 27, 2018. Also Seekingalpha.com published the news titled: “Athenahealth up 1% after hours following teaser tweet on sale” on September 12, 2018. Seekingalpha.com‘s news article titled: “Elliott Management backs away from athenahealth bid; shares down 4% premarket” with publication date: September 18, 2018 was also an interesting one.

athenahealth, Inc. (NASDAQ:ATHN) Ratings Coverage

Among 13 analysts covering Athenahealth (NASDAQ:ATHN), 4 have Buy rating, 0 Sell and 9 Hold. Therefore 31% are positive. Athenahealth had 22 analyst reports since April 18, 2018 according to SRatingsIntel. The rating was maintained by Cantor Fitzgerald with “Hold” on Monday, May 7. The firm has “Neutral” rating by JP Morgan given on Tuesday, April 24. The stock of athenahealth, Inc. (NASDAQ:ATHN) earned “Outperform” rating by Robert W. Baird on Tuesday, May 8. The rating was maintained by Cantor Fitzgerald with “Hold” on Wednesday, June 6. The stock of athenahealth, Inc. (NASDAQ:ATHN) has “Overweight” rating given on Wednesday, June 6 by PiperJaffray. Leerink Swann maintained the stock with “Hold” rating in Tuesday, May 8 report. The firm has “Hold” rating given on Thursday, May 24 by Cantor Fitzgerald. Cantor Fitzgerald maintained athenahealth, Inc. (NASDAQ:ATHN) on Monday, May 14 with “Hold” rating. J.P. Morgan initiated the stock with “Hold” rating in Tuesday, April 24 report. As per Tuesday, June 12, the company rating was maintained by Oppenheimer.

athenahealth, Inc. (NASDAQ:ATHN) Ratings Chart

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