Anthem (NASDAQ:ANTX) Releases Quarterly Earnings Results

Anthem (NASDAQ:ANTXGet Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.18) EPS for the quarter, FiscalAI reports.

Anthem Stock Up 10.2%

Shares of NASDAQ:ANTX traded up $0.60 during trading on Wednesday, hitting $6.47. 177,117 shares of the company were exchanged, compared to its average volume of 725,159. Anthem has a 1-year low of $1.00 and a 1-year high of $7.19. The company has a market capitalization of $232.94 million, a P/E ratio of -5.95 and a beta of -0.99. The business’s 50 day moving average is $4.88 and its 200-day moving average is $3.75.

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on ANTX

Institutional Investors Weigh In On Anthem

A number of institutional investors have recently made changes to their positions in the stock. ADAR1 Capital Management LLC acquired a new stake in shares of Anthem in the first quarter valued at about $47,000. OMERS ADMINISTRATION Corp acquired a new stake in Anthem during the 1st quarter valued at approximately $54,000. Seven Fleet Capital Management LP bought a new position in Anthem during the 1st quarter worth approximately $683,000. Bank of America Corp DE lifted its position in shares of Anthem by 2.2% in the 1st quarter. Bank of America Corp DE now owns 393,702 shares of the company’s stock worth $1,346,000 after purchasing an additional 8,390 shares during the period. Finally, Citizens Financial Group Inc. RI bought a new stake in shares of Anthem in the 2nd quarter valued at $1,443,000. Institutional investors own 90.47% of the company’s stock.

Anthem Company Profile

(Get Free Report)

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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Earnings History for Anthem (NASDAQ:ANTX)

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