Commodore Capital LP Takes Position in Anthem, Inc. $ANTX

Key Points

• Commodore Capital LP acquired 2.33 million shares of Anthem, valued at approximately $8.0 million, giving it a 6.48% stake. Institutional investors collectively own 90.47% of the company.
• Anthem reported a quarterly loss of $0.29 per share, missing analyst expectations by $0.06. The stock opened at $4.92, compared with a 52-week range of $1.00 to $6.91.
• Analyst sentiment is mixed: Guggenheim and Leerink Partners issued buy or outperform ratings with $9 price targets, while Weiss Ratings maintained a sell rating. The consensus rating is Hold with a $9.00 target price.

Commodore Capital LP purchased a new position in shares of Anthem, Inc. (NASDAQ:ANTX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,333,713 shares of the company's stock, valued at approximately $7,981,000. Commodore Capital LP owned about 6.48% of Anthem as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, OMERS ADMINISTRATION Corp bought a new stake in Anthem in the first quarter valued at about $54,000. Hedge funds and other institutional investors own 90.47% of the company's stock.

Anthem Price Performance

ANTX opened at $4.92 on Monday. The company's 50-day moving average price is $4.64 and its 200 day moving average price is $3.38. Anthem, Inc. has a fifty-two week low of $1.00 and a fifty-two week high of $6.91. The firm has a market cap of $177.22 million, a price-to-earnings ratio of -4.47 and a beta of -0.99.

Anthem (NASDAQ:ANTX - Get Free Report) last issued its earnings results on Monday, May 11th. The company reported ($0.29) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.06).

Analysts Set New Price Targets

ANTX has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Anthem in a report on Monday, July 6th. Wall Street Zen upgraded Anthem from a "sell" rating to a "hold" rating in a report on Sunday, June 14th. Guggenheim initiated coverage on Anthem in a research report on Monday, July 20th. They set a "buy" rating and a $9.00 price target on the stock. Finally, Leerink Partners upgraded Anthem from a "market perform" rating to an "outperform" rating and set a $9.00 price objective on the stock in a research note on Thursday, May 14th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $9.00.

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.

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