Avalon Global Asset Management Holding In Athenahealth (ATHN) Was Lifted; Westwood Global Investments Cut Its Ternium (TX) Holding as Share Value Rose

June 18, 2018 - By Peter Erickson

athenahealth, Inc. (NASDAQ:ATHN) Logo

Avalon Global Asset Management Llc increased its stake in Athenahealth Inc (ATHN) by 24.52% based on its latest 2018Q1 regulatory filing with the SEC. Avalon Global Asset Management Llc bought 10,000 shares as the company’s stock rose 8.40% while stock markets declined. The hedge fund held 50,780 shares of the miscellaneous company at the end of 2018Q1, valued at $7.26 million, up from 40,780 at the end of the previous reported quarter. Avalon Global Asset Management Llc who had been investing in Athenahealth Inc for a number of months, seems to be bullish on the $6.41 billion market cap company. The stock increased 0.05% or $0.085 during the last trading session, reaching $158.525. About 88,555 shares traded. athenahealth, Inc. (NASDAQ:ATHN) has risen 14.89% since June 18, 2017 and is uptrending. It has outperformed by 2.32% the S&P500. Some Historical ATHN News: 18/05/2018 – Janus Henderson Has 11.9% Athenahealth Stake; 03/04/2018 – ARMCO Partners Continues to Expand; 07/05/2018 – ELLIOTT SAYS IT HAS RECEIVED FINANCING INDICATIONS FROM LEADING BANKS IN LEVERAGED FINANCE FOR PROPOSED DEAL; 07/05/2018 – ELLIOTT CONFIRMS PROPOSAL TO BUY ATHENAHEALTH FOR $160/SHR CASH; 24/05/2018 – ATHENAHEALTH – BOARD CURRENTLY IS UNDERTAKING “THOROUGH & DELIBERATE” ANALYSIS OF ELLIOTT MANAGEMENT’S PROPOSAL TO BUY CO FOR $160/SHARE; 14/05/2018 – Elliott Management Releases Letter to the Board of athenahealth; 07/05/2018 – Elliott Makes Offer to Buy Athenahealth–Update; 07/05/2018 – ELLIOTT ATHENAHEALTH OFFER 27% PREMIUM TO MAY 4 CLOSING PRICE; 24/05/2018 – athenahealth Issues Statement; 07/05/2018 – ELLIOTT ALL-CASH OFFER FOR ATHENAHEALTH AT $155-$160/SHR: CNBC

Westwood Global Investments Llc decreased its stake in Ternium (TX) by 10.4% based on its latest 2018Q1 regulatory filing with the SEC. Westwood Global Investments Llc sold 113,628 shares as the company’s stock rose 3.11% while stock markets declined. The institutional investor held 978,871 shares of the steel and iron ore company at the end of 2018Q1, valued at $31.80 million, down from 1.09M at the end of the previous reported quarter. Westwood Global Investments Llc who had been investing in Ternium for a number of months, seems to be less bullish one the $7.02B market cap company. The stock increased 0.69% or $0.24 during the last trading session, reaching $35.74. About 80,772 shares traded. Ternium S.A. (NYSE:TX) has risen 46.05% since June 18, 2017 and is uptrending. It has outperformed by 33.48% the S&P500. Some Historical TX News: 11/04/2018 – Consolidated Research: 2018 Summary Expectations for Ternium S.A, CNB Financial, Barrick Gold, New York Mortgage Trust, Ascendi; 25/04/2018 – Ternium 1Q Net $422.1M; 24/04/2018 – Ternium Files 2017 Form 20-F; 02/05/2018 – Shareholders Approve All Resolutions on Agenda of Ternium’s Annual and Extraordinary General Meetings; 02/05/2018 – TERNIUM HOLDERS APPROVE ALL RESOLUTIONS AT MEETINGS; 25/04/2018 – TERNIUM SA – EXPECTS COST/TON TO RISE SEQUENTIALLY AT MEXICAN UNIT; 21/03/2018 Ternium Announces Annual and Extraordinary General Meetings of Shareholders; 25/04/2018 – Ternium 1Q EPS $1.87; 17/04/2018 – TERNIUM TX.N CEO VEDOYA SAYS U.S. TARIFFS ON STEEL MAY LEAD TO UNFAIR COMPETITION FROM CHINESE STEEL; 25/04/2018 – TERNIUM 1Q EARNINGS PER ADS $1.87, EST. $1.28

Among 31 analysts covering athenaHealth (NASDAQ:ATHN), 12 have Buy rating, 1 Sell and 18 Hold. Therefore 39% are positive. athenaHealth had 107 analyst reports since July 27, 2015 according to SRatingsIntel. Evercore upgraded the shares of ATHN in report on Monday, October 10 to “Buy” rating. Canaccord Genuity maintained athenahealth, Inc. (NASDAQ:ATHN) rating on Thursday, December 15. Canaccord Genuity has “Hold” rating and $104 target. As per Friday, October 20, the company rating was maintained by RBC Capital Markets. The firm earned “Hold” rating on Wednesday, February 14 by Cantor Fitzgerald. On Thursday, June 7 the stock rating was maintained by Leerink Swann with “Market Perform”. The stock has “Buy” rating by KeyBanc Capital Markets on Sunday, September 17. As per Monday, October 16, the company rating was maintained by Cantor Fitzgerald. Canaccord Genuity maintained the stock with “Hold” rating in Friday, October 6 report. On Thursday, July 13 the stock rating was maintained by Cantor Fitzgerald with “Hold”. The stock of athenahealth, Inc. (NASDAQ:ATHN) earned “Neutral” rating by UBS on Thursday, October 6.

Since January 2, 2018, it had 2 insider purchases, and 23 sales for $12.40 million activity. Bush Jonathan sold $670,274 worth of stock or 4,750 shares. $107,896 worth of stock was sold by Hull Brandon H on Tuesday, January 2. Porter Jonathan D. had sold 150 shares worth $21,512 on Thursday, April 26. ROBINSON DAVID ERIC sold $669,698 worth of stock or 5,000 shares. IMMELT JEFFREY R bought 7,200 shares worth $996,800. The insider Armbrester Bradford Kyle sold $309,995.

Avalon Global Asset Management Llc, which manages about $132.23 million and $289.77 million US Long portfolio, decreased its stake in Alphabet Inc by 620 shares to 2,900 shares, valued at $3.01 million in 2018Q1, according to the filing. It also reduced its holding in Nordstrom Inc (Call) (NYSE:JWN) by 100,000 shares in the quarter, leaving it with 100,000 shares, and cut its stake in Nordstrom Inc (NYSE:JWN).

More notable recent athenahealth, Inc. (NASDAQ:ATHN) news were published by: Bizjournals.com which released: “Elliott again urges athenahealth to sell, claims a majority of shareholders agree” on May 24, 2018, also Seekingalpha.com with their article: “Athenahealth could fetch $170/share – Deutsche Bank” published on May 22, 2018, Fool.com published: “Better Buy: Veeva Systems Inc. vs. athenahealth, Inc.” on June 07, 2018. More interesting news about athenahealth, Inc. (NASDAQ:ATHN) were released by: Seekingalpha.com and their article: “The Art Of The M&A Deal – athenahealth” published on June 04, 2018 as well as Streetinsider.com‘s news article titled: “UPDATE: athenahealth (ATHN) PT Raised to $160 at Leerink Partners” with publication date: June 07, 2018.

Investors sentiment increased to 1.3 in Q1 2018. Its up 0.30, from 1 in 2017Q4. It increased, as 23 investors sold ATHN shares while 65 reduced holdings. 53 funds opened positions while 61 raised stakes. 44.45 million shares or 1.74% less from 45.24 million shares in 2017Q4 were reported. New York State Common Retirement Fund holds 0.02% or 86,800 shares. Nomura reported 0.47% stake. Avalon Asset Mgmt Ltd Liability Corporation, California-based fund reported 50,780 shares. Envestnet Asset Management reported 16,843 shares. Sumitomo Mitsui Trust Hldgs accumulated 561,940 shares. Verition Fund Mngmt Limited Liability invested in 2,484 shares. Raymond James Fincl Services Advsr holds 0.01% of its portfolio in athenahealth, Inc. (NASDAQ:ATHN) for 9,086 shares. Tortoise Invest Mgmt Lc owns 400 shares. State Street holds 495,308 shares or 0.01% of its portfolio. Jackson Square Prns Ltd accumulated 522,208 shares or 0.37% of the stock. Millennium Mngmt Lc holds 201,736 shares. Bnp Paribas Arbitrage accumulated 165 shares. 14,306 were accumulated by Voya Invest Management Ltd Com. Vident Invest Advisory Lc stated it has 2,836 shares. Lpl Finance Ltd Com holds 0% of its portfolio in athenahealth, Inc. (NASDAQ:ATHN) for 1,859 shares.

Analysts await Ternium S.A. (NYSE:TX) to report earnings on August, 7. They expect $1.74 EPS, up 37.01% or $0.47 from last year’s $1.27 per share. TX’s profit will be $341.62 million for 5.14 P/E if the $1.74 EPS becomes a reality. After $1.87 actual EPS reported by Ternium S.A. for the previous quarter, Wall Street now forecasts -6.95% negative EPS growth.

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