Anthem (NASDAQ:ANTX) Stock Rating Upgraded by Leerink Partners

Anthem (NASDAQ:ANTX) was upgraded by investment analysts at Leerink Partners from a “market perform” rating to an “outperform” rating in a report issued on Thursday, MarketBeat reports. The firm presently has a $9.00 price target on the stock. Leerink Partners’ target price would suggest a potential upside of 89.47% from the stock’s previous close.

Several other brokerages also recently weighed in on ANTX. Wall Street Zen raised Anthem from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Weiss Ratings started coverage on Anthem in a report on Tuesday, April 7th. They set a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Anthem presently has an average rating of “Hold” and an average price target of $9.00.

Anthem Trading Up 2.4%

ANTX stock opened at $4.75 on Thursday. The company has a market capitalization of $171.10 million, a P/E ratio of -4.32 and a beta of -0.95. Anthem has a twelve month low of $1.00 and a twelve month high of $6.91. The business has a 50 day simple moving average of $4.00 and a 200-day simple moving average of $2.14.

Anthem (NASDAQ:ANTX) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.06). Research analysts predict that Anthem will post -0.91 EPS for the current fiscal year.

Institutional Trading of Anthem

Institutional investors have recently modified their holdings of the company. Spruce Street Capital LP purchased a new position in Anthem in the 1st quarter worth approximately $5,576,000. Commodore Capital LP purchased a new position in Anthem in the 1st quarter worth approximately $7,981,000. Finally, OMERS ADMINISTRATION Corp purchased a new position in Anthem in the 1st quarter worth approximately $54,000. Hedge funds and other institutional investors own 90.47% of the company’s stock.

Anthem Company Profile

Anthem, Inc, through its subsidiaries, operates as a health benefits company in the United States. It operates through three segments: Commercial & Specialty Business, Government Business, and Other. The company offers a spectrum of network-based managed care health benefit plans to large and small group, individual, Medicaid, and Medicare markets. Its managed care plans include preferred provider organizations; health maintenance organizations; point-of-service plans; traditional indemnity plans and other hybrid plans, such as consumer-driven health plans; and hospital only and limited benefit products.