David Eric Robinson Sells 5,000 Shares of athenahealth, Inc (ATHN) Stock
athenahealth, Inc (NASDAQ:ATHN) Director David Eric Robinson sold 5,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $133.94, for a total value of $669,700.00. Following the completion of the sale, the director now owns 8,596 shares in the company, valued at approximately $1,151,348.24. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of athenahealth, Inc (ATHN) opened at $134.05 on Friday. athenahealth, Inc has a 52-week low of $95.01 and a 52-week high of $158.66. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market capitalization of $5,406.39, a PE ratio of 114.49, a P/E/G ratio of 3.16 and a beta of 1.58.
athenahealth (NASDAQ:ATHN) last announced its earnings results on Thursday, October 19th. The health services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. athenahealth had a return on equity of 6.78% and a net margin of 2.65%. The company had revenue of $304.60 million for the quarter, compared to analyst estimates of $310.52 million. During the same quarter in the prior year, the company earned $0.60 EPS. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. research analysts forecast that athenahealth, Inc will post 1.22 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in athenahealth by 7.7% in the second quarter. The Manufacturers Life Insurance Company now owns 1,179 shares of the health services provider’s stock worth $166,000 after acquiring an additional 84 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in athenahealth by 123.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,345 shares of the health services provider’s stock worth $189,000 after acquiring an additional 744 shares in the last quarter. ProShare Advisors LLC bought a new position in athenahealth in the second quarter worth approximately $205,000. Ameriprise Financial Inc. bought a new position in athenahealth in the second quarter worth approximately $206,000. Finally, Columbia Partners L L C Investment Management bought a new position in athenahealth in the second quarter worth approximately $216,000.
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athenahealth, Inc provides network-based medical record, revenue cycle, patient engagement, care coordination and population health services. The Company also offers Epocrates and other point-of-care mobile applications. The Company delivers majority of its service offerings through a single instance of cloud-based software, athenaNet.
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