Nikko Asset Management Americas INC Has Cut Its Position in Athenahealth INC (ATHN) by $8.24 Million as Share Value Declined

September 16, 2018 - By Margaret Guttierez

athenahealth, Inc. (NASDAQ:ATHN) LogoInvestors sentiment decreased to 1.2 in 2018 Q2. 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. Assetmark invested in 243 shares. State Street, Massachusetts-based fund reported 482,747 shares. Vanguard Group owns 3.44M shares. Hussman Strategic reported 10,000 shares. Avalon Global Asset Mngmt Limited Liability Company has 50,780 shares for 2.94% of their portfolio. Essex Fincl Ser holds 1,960 shares. Brandywine Managers Limited Liability, a Delaware-based fund reported 6,180 shares. 1,652 were accumulated by Bnp Paribas Arbitrage. Wesbanco Retail Bank owns 4,860 shares. Nikko Asset Mngmt Americas holds 2.43% or 510,120 shares in its portfolio. Cambiar Llc stated it has 0.1% in athenahealth, Inc. (NASDAQ:ATHN). State Of Alaska Department Of Revenue reported 4,800 shares. 269,756 are owned by Wells Fargo And Mn. Swiss Savings Bank holds 69,630 shares or 0.01% of its portfolio. Qs Invsts Ltd Liability Corp holds 0% or 848 shares in its portfolio.

Since March 26, 2018, it had 0 insider buys, and 12 selling transactions for $6.31 million activity. Porter Jonathan D. also sold $64,693 worth of athenahealth, Inc. (NASDAQ:ATHN) shares. 1,107 shares were sold by Haley Daniel P, worth $165,383 on Wednesday, May 16.

Nikko Asset Management Americas Inc decreased its stake in Athenahealth Inc (ATHN) by 9.22% based on its latest 2018Q2 regulatory filing with the SEC. Nikko Asset Management Americas Inc sold 51,820 shares as the company’s stock declined 6.99% while stock markets rallied. The institutional investor held 510,120 shares of the miscellaneous company at the end of 2018Q2, valued at $81.18M, down from 561,940 at the end of the previous reported quarter. Nikko Asset Management Americas Inc who had been investing in Athenahealth Inc for a number of months, seems to be less bullish one the $5.84B market cap company. The stock decreased 1.13% or $1.65 during the last trading session, reaching $144.16. About 344,937 shares traded. athenahealth, Inc. (NASDAQ:ATHN) has risen 10.27% since September 16, 2017 and is uptrending. It has underperformed by 5.35% the S&P500.

Nikko Asset Management Americas Inc, which manages about $3.82 billion and $3.35B US Long portfolio, upped its stake in Charles Schwab Corp/The (NYSE:SCHW) by 66,886 shares to 660,632 shares, valued at $33.76 million in 2018Q2, according to the filing. It also increased its holding in Teradyne Inc (NYSE:TER) by 238,166 shares in the quarter, for a total of 238,496 shares, and has risen its stake in Tesla Inc (NASDAQ:TSLA).

Analysts await athenahealth, Inc. (NASDAQ:ATHN) to report earnings on October, 18. They expect $0.72 earnings per share, up 89.47 % or $0.34 from last year’s $0.38 per share. ATHN’s profit will be $29.16M for 50.06 P/E if the $0.72 EPS becomes a reality. After $0.88 actual earnings per share 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: “Athenahealth up 1% after hours following teaser tweet on sale” on September 12, 2018. Also Bizjournals.com published the news titled: “Former athenahealth CEO has 4.8 million reasons to help sell the company” on September 06, 2018. Seekingalpha.com‘s news article titled: “Cerner and UnitedHealth pass on athenahealth; shares down 1%” with publication date: September 06, 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 has $179 highest and $140 lowest target. $161.08’s average target is 11.74% above currents $144.16 stock price. Athenahealth had 22 analyst reports since April 18, 2018 according to SRatingsIntel. JP Morgan maintained the shares of ATHN in report on Tuesday, April 24 with “Neutral” rating. The rating was maintained by Citigroup with “Hold” on Wednesday, June 6. The rating was maintained by Oppenheimer with “Outperform” on Tuesday, June 19. Cantor Fitzgerald maintained the stock with “Hold” rating in Monday, May 7 report. The stock of athenahealth, Inc. (NASDAQ:ATHN) has “Hold” rating given on Thursday, May 24 by Cantor Fitzgerald. The firm has “Hold” rating by Cantor Fitzgerald given on Monday, May 14. The rating was maintained by Canaccord Genuity with “Hold” on Tuesday, July 31. The stock has “Hold” rating by Berenberg on Tuesday, May 15. The firm has “Outperform” rating given on Tuesday, May 8 by Evercore. The stock of athenahealth, Inc. (NASDAQ:ATHN) earned “Hold” rating by Cantor Fitzgerald on Wednesday, June 6.

athenahealth, Inc. (NASDAQ:ATHN) Ratings Chart

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