athenahealth, Inc (ATHN) Holdings Lowered by Northern Trust Corp

Northern Trust Corp lessened its holdings in athenahealth, Inc (NASDAQ:ATHN) by 14.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 197,750 shares of the health services provider’s stock after selling 32,761 shares during the period. Northern Trust Corp owned 0.49% of athenahealth worth $26,089,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. M&T Bank Corp raised its position in shares of athenahealth by 14.9% in the fourth quarter. M&T Bank Corp now owns 1,905 shares of the health services provider’s stock valued at $251,000 after buying an additional 247 shares during the last quarter. Essex Savings Bank acquired a new position in athenahealth during the fourth quarter worth approximately $33,000. Xact Kapitalforvaltning AB increased its position in athenahealth by 5.1% during the fourth quarter. Xact Kapitalforvaltning AB now owns 6,237 shares of the health services provider’s stock worth $823,000 after purchasing an additional 300 shares during the last quarter. Larson Financial Group LLC acquired a new position in athenahealth during the fourth quarter worth approximately $40,000. Finally, Enlightenment Research LLC acquired a new position in athenahealth during the fourth quarter worth approximately $79,000. 94.33% of the stock is currently owned by institutional investors.

NASDAQ ATHN remained flat at $$134.99 during trading hours on Friday. 2,509,519 shares of the company’s stock were exchanged, compared to its average volume of 705,236. athenahealth, Inc has a 12-month low of $116.77 and a 12-month high of $163.94. The company has a quick ratio of 2.74, a current ratio of 2.74 and a debt-to-equity ratio of 0.22. The company has a market cap of $5.48 billion, a P/E ratio of 85.98, a price-to-earnings-growth ratio of 2.41 and a beta of 0.75.

ATHN has been the subject of several research analyst reports. BidaskClub raised shares of athenahealth from a “sell” rating to a “hold” rating in a research report on Tuesday, December 25th. ValuEngine lowered shares of athenahealth from a “buy” rating to a “hold” rating in a research report on Wednesday, January 9th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $147.75.

TRADEMARK VIOLATION WARNING: This piece was published by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.baseballdailydigest.com/news/2019/04/21/northern-trust-corp-sells-32761-shares-of-athenahealth-inc-athn.html.

About athenahealth

athenahealth, Inc, together with its subsidiaries, provides network-based medical record, revenue cycle, patient engagement, care coordination, and population health services for medical groups and health systems. 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 provider practices for interactions outside the exam room; and athenaCoordinator for order transmission and care coordination services.

See Also: What is the QQQ ETF?

Institutional Ownership by Quarter for athenahealth (NASDAQ:ATHN)

Receive News & Ratings for athenahealth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for athenahealth and related companies with MarketBeat.com's FREE daily email newsletter.