Seven Fleet Capital Management LP Buys Shares of 199,701 Anthem, Inc. $ANTX

Seven Fleet Capital Management LP bought a new stake in shares of Anthem, Inc. (NASDAQ:ANTX) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 199,701 shares of the company’s stock, valued at approximately $683,000. Seven Fleet Capital Management LP owned about 0.55% of Anthem at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. ADAR1 Capital Management LLC bought a new stake in shares of Anthem in the 1st quarter worth approximately $47,000. OMERS ADMINISTRATION Corp bought a new position in Anthem during the 1st quarter worth $54,000. Bank of America Corp DE increased its position in Anthem by 2.2% in the first quarter. Bank of America Corp DE now owns 393,702 shares of the company’s stock worth $1,346,000 after buying an additional 8,390 shares during the period. Ally Bridge Group NY LLC acquired a new stake in Anthem in the first quarter worth $1,800,000. Finally, Spruce Street Capital LP bought a new stake in Anthem in the first quarter valued at $5,576,000. 90.47% of the stock is currently owned by institutional investors and hedge funds.

Anthem Stock Performance

Shares of NASDAQ ANTX opened at $5.35 on Friday. Anthem, Inc. has a 1 year low of $1.00 and a 1 year high of $6.91. The firm has a market cap of $192.71 million, a P/E ratio of -4.86 and a beta of -0.99. The stock has a fifty day moving average price of $4.68 and a two-hundred day moving average price of $3.50.

Anthem (NASDAQ:ANTX) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.06).

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Anthem in a report on Monday, July 6th. Guggenheim initiated coverage on shares of Anthem in a research note on Monday, July 20th. They set a “buy” rating and a $9.00 target price for the company. Leerink Partners upgraded shares of Anthem from a “market perform” rating to an “outperform” rating and set a $9.00 target price for the company in a research report on Thursday, May 14th. Finally, Wall Street Zen upgraded shares of Anthem from a “sell” rating to a “hold” rating in a research note on Sunday, June 14th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.00.

Anthem 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.