Partner Fund Management LP Upped Holding in Anthem INC (ANTM) as Stock Price Rose

February 23, 2018 - By Adrian Mccoy

Christopher Medlock James increased its stake in Anthem Inc (ANTM) by 13.87% based on its latest 2017Q3 regulatory filing with the SEC. Partner Fund Management Lp bought 77,005 shares as the company’s stock rose 10.08% with the market. The hedge fund run by Christopher Medlock James held 632,321 shares of the health care company at the end of 2017Q3, valued at $120.07 million, up from 555,316 at the end of the previous reported quarter. Partner Fund Management Lp who had been investing in Anthem Inc for a number of months, seems to be bullish on the $60.05 billion market cap company. The stock increased 0.50% or $1.16 during the last trading session, reaching $234.84. About 339,220 shares traded. Anthem, Inc. (NYSE:ANTM) has risen 31.86% since February 23, 2017 and is uptrending. It has outperformed by 15.16% the S&P500.

Partner Fund Management Lp, which manages about $5.09 billion US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 128,436 shares to 1.05M shares, valued at $77.98 million in 2017Q3, according to the filing. It also reduced its holding in Dxc Technology Co by 313,519 shares in the quarter, leaving it with 468,360 shares, and cut its stake in Unitedhealth Group Inc (NYSE:UNH).

More notable recent Anthem, Inc. (NYSE:ANTM) news were published by: Nasdaq.com which released: “Anthem, Inc. Q4 Profit Falls” on January 31, 2018, also Bizjournals.com with their article: “Report questions whether Anthem Inc. might move HQ to Atlanta” published on February 09, 2018, Businesswire.com published: “Executive Chairman of Anthem Inc., Joseph Swedish, Joins the Board of Proteus …” on February 13, 2018. More interesting news about Anthem, Inc. (NYSE:ANTM) were released by: Businesswire.com and their article: “Anthem, Inc. To Make $1000 Contribution to 401(k) Accounts of More Than 58000 …” published on February 05, 2018 as well as Bloomberg.com‘s news article titled: “Anthem’s Challenges Overshadow Its Tax-Cut Boost” with publication date: January 31, 2018.

Anthem, Inc. (NYSE:ANTM) Ratings Coverage

Among 24 analysts covering Anthem Inc (NYSE:ANTM), 15 have Buy rating, 0 Sell and 9 Hold. Therefore 63% are positive. Anthem Inc had 73 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, July 5. The stock of Anthem, Inc. (NYSE:ANTM) earned “Buy” rating by RBC Capital Markets on Monday, October 2. On Monday, November 6 the stock rating was maintained by Cantor Fitzgerald with “Buy”. The stock of Anthem, Inc. (NYSE:ANTM) earned “Buy” rating by RBC Capital Markets on Thursday, February 1. The rating was downgraded by Stifel Nicolaus to “Hold” on Wednesday, January 4. The company was upgraded on Friday, April 28 by Cantor Fitzgerald. FBR Capital maintained it with “Mkt Perform” rating and $162 target in Thursday, October 29 report. The stock has “Buy” rating by Goldman Sachs on Wednesday, January 20. The stock of Anthem, Inc. (NYSE:ANTM) earned “Equal-Weight” rating by Morgan Stanley on Thursday, February 1. On Thursday, February 1 the stock rating was maintained by Credit Suisse with “Buy”.

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