Gagnon Securities LLC Has Decreased Its Position in Athenahealth INC (ATHN) by $4.00 Million as Stock Rose

February 15, 2018 - By Marry Poplack

Investors sentiment decreased to 1.09 in Q3 2017. Its down 0.01, from 1.1 in 2017Q2. It is negative, as 27 investors sold ATHN shares while 59 reduced holdings. 27 funds opened positions while 67 raised stakes. 45.16 million shares or 4.06% less from 47.07 million shares in 2017Q2 were reported. Quantbot Technology Limited Partnership reported 2,716 shares. Bell Bancorp reported 3,434 shares stake. Invesco Limited holds 0% or 20,006 shares. The Maryland-based Price T Rowe Assocs Md has invested 0.06% in athenahealth, Inc. (NASDAQ:ATHN). Moreover, Cornerstone Advisors has 0.03% invested in athenahealth, Inc. (NASDAQ:ATHN) for 325 shares. Moreover, Stifel Financial has 0% invested in athenahealth, Inc. (NASDAQ:ATHN). Moreover, Natl Bank Of Montreal Can has 0.01% invested in athenahealth, Inc. (NASDAQ:ATHN). 6,594 are owned by Aperio Gp. Moreover, Perceptive Advsr Ltd Limited Liability Company has 0.33% invested in athenahealth, Inc. (NASDAQ:ATHN) for 70,000 shares. Franklin Resources Inc reported 4,986 shares. Stephens Management Group Inc Ltd Liability Co accumulated 271,080 shares. Ruane Cunniff & Goldfarb holds 0.21% or 197,257 shares. Suntrust Banks has 0.01% invested in athenahealth, Inc. (NASDAQ:ATHN) for 9,088 shares. Sg Americas Secs Ltd Liability Com holds 3,903 shares. Jpmorgan Chase owns 143,190 shares.

Since August 15, 2017, it had 0 buys, and 14 insider sales for $7.43 million activity. Bush Jonathan sold $3.63 million worth of athenahealth, Inc. (NASDAQ:ATHN) on Monday, February 5. Haley Daniel P had sold 1,583 shares worth $197,180 on Sunday, October 1. 653 athenahealth, Inc. (NASDAQ:ATHN) shares with value of $86,849 were sold by Hull Brandon H. The insider Porter Jonathan D. sold 300 shares worth $42,864. $669,698 worth of athenahealth, Inc. (NASDAQ:ATHN) was sold by ROBINSON DAVID ERIC on Tuesday, January 2.

Gagnon Securities Llc decreased its stake in Athenahealth Inc (ATHN) by 51.91% based on its latest 2017Q3 regulatory filing with the SEC. Gagnon Securities Llc sold 32,287 shares as the company’s stock rose 9.63% with the market. The institutional investor held 29,906 shares of the miscellaneous company at the end of 2017Q3, valued at $3.72M, down from 62,193 at the end of the previous reported quarter. Gagnon Securities Llc who had been investing in Athenahealth Inc for a number of months, seems to be less bullish one the $5.63B market cap company. The stock increased 1.92% or $2.65 during the last trading session, reaching $140.39. About 348,850 shares traded. athenahealth, Inc. (NASDAQ:ATHN) has risen 0.90% since February 15, 2017 and is uptrending. It has underperformed by 15.80% the S&P500.

Gagnon Securities Llc, which manages about $353.18M and $279.13M US Long portfolio, upped its stake in General Electric Co (NYSE:GE) by 2.06 million shares to 2.08M shares, valued at $10.52M in 2017Q3, according to the filing.

More notable recent athenahealth, Inc. (NASDAQ:ATHN) news were published by: Globenewswire.com which released: “athenahealth Recognized as Top Practice Management (11-75 Physicians) Service …” on January 30, 2018, also Globenewswire.com with their article: “Jeff Immelt Appointed Chairman of athenahealth Board of Directors” published on February 07, 2018, Seekingalpha.com published: “athenahealth: A Critical Update On This Battleground Stock” on January 25, 2018. More interesting news about athenahealth, Inc. (NASDAQ:ATHN) were released by: Fool.com and their article: “Athenahealth, Inc. Returns to Stronger Growth in Fourth Quarter” published on February 02, 2018 as well as Marketwatch.com‘s news article titled: “Athenahealth shares surge after results top Street view” with publication date: February 01, 2018.

athenahealth, Inc. (NASDAQ:ATHN) Ratings Coverage

Among 28 analysts covering athenaHealth (NASDAQ:ATHN), 11 have Buy rating, 1 Sell and 16 Hold. Therefore 39% are positive. athenaHealth had 84 analyst reports since July 27, 2015 according to SRatingsIntel. The company was upgraded on Monday, October 23 by First Analysis. Cantor Fitzgerald maintained it with “Hold” rating and $130.0 target in Wednesday, February 7 report. The company was initiated on Thursday, October 6 by UBS. The rating was initiated by Deutsche Bank with “Hold” on Friday, December 8. Cantor Fitzgerald maintained it with “Hold” rating and $14000 target in Friday, July 21 report. The stock of athenahealth, Inc. (NASDAQ:ATHN) earned “Buy” rating by SunTrust on Thursday, October 19. The firm earned “Buy” rating on Tuesday, October 17 by Piper Jaffray. As per Sunday, September 17, the company rating was maintained by KeyBanc Capital Markets. The stock of athenahealth, Inc. (NASDAQ:ATHN) has “Hold” rating given on Friday, September 1 by Jefferies. Stifel Nicolaus maintained it with “Buy” rating and $190 target in Monday, October 26 report.

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