Barton Investment Management Lowers stake in athenahealth Inc (ATHN)

athenahealth Inc (ATHN) : Barton Investment Management reduced its stake in athenahealth Inc by 19.72% during the most recent quarter end. The investment management company now holds a total of 209,014 shares of athenahealth Inc which is valued at $26,327,403 after selling 51,337 shares in athenahealth Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.athenahealth Inc makes up approximately 9.32% of Barton Investment Management’s portfolio.

Other Hedge Funds, Including , Sumitomo Mitsui Asset Management Company Ltd sold out all of its stake in ATHN during the most recent quarter. The investment firm sold 9,000 shares of ATHN which is valued $1,150,110. March Altus Capital Management Lp sold out all of its stake in ATHN during the most recent quarter. The investment firm sold 4,900 shares of ATHN which is valued $629,062.Fcm Investmentstx boosted its stake in ATHN in the latest quarter, The investment management firm added 13 additional shares and now holds a total of 9,159 shares of athenahealth Inc which is valued at $1,144,142. athenahealth Inc makes up approx 0.66% of Fcm Investmentstx’s portfolio.State Of Alaska Department Of Revenue reduced its stake in ATHN by selling 1,267 shares or 60.71% in the most recent quarter. The Hedge Fund company now holds 820 shares of ATHN which is valued at $113,636. athenahealth Inc makes up approx 0.01% of State Of Alaska Department Of Revenue’s portfolio.

athenahealth Inc closed down -0.41 points or -0.32% at $126.38 with 2,20,687 shares getting traded on Monday. Post opening the session at $126.97, the shares hit an intraday low of $126.33 and an intraday high of $127.69 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, athenahealth Inc reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.26. The company had revenue of $256.15 million for the quarter, compared to analysts expectations of $248.49 million. The company’s revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on athenahealth Inc. Shares were Reiterated by FBR Capital on Jul 22, 2016 to “Mkt Perform” and Lowered the Price Target to $ 140 from a previous price target of $145 .Shares were Downgraded by Deutsche Bank on Jul 22, 2016 to ” Hold” and Lowered the Price Target to $ 147 from a previous price target of $165 .

athenahealth Inc. is a provider of cloud-based services and mobile applications for medical groups and health systems. The Company delivers cloud-based services for revenue cycle management and medical billing electronic health records (EHR) patient engagement care coordination population health management as well as clinical intelligence and decision support. Through these services the Company connects health care information and processes and drives results for more than 62000 health care providers in medical practices and health systems nationwide. The Company’s service offerings include the following: athenaCollector for revenue cycle management and medical billing; athenaClinicals for EHR management; athenaCommunicator for patient engagement and communication; athenaCoordinator for care coordination population health and financial and quality management and Epocrates for clinical intelligence and decision support services.

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