Healthways, Inc. (NASDAQ:TVTY) Insider Sells $801,990.00 in Stock
Healthways, Inc. (NASDAQ:TVTY) insider Glenn Hargreaves sold 21,105 shares of Healthways stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $38.00, for a total value of $801,990.00. Following the completion of the sale, the insider now directly owns 59,077 shares in the company, valued at approximately $2,244,926. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Healthways, Inc. (NASDAQ:TVTY) traded down 0.387% during trading on Monday, hitting $38.625. 182,814 shares of the company’s stock were exchanged. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 17.399 and a beta of 0.37. Healthways, Inc. has a 52-week low of $17.13 and a 52-week high of $41.55. The firm has a 50 day moving average price of $39.24 and a 200 day moving average price of $31.87.
Healthways (NASDAQ:TVTY) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. The company had revenue of $138.90 million for the quarter, compared to the consensus estimate of $138.15 million. Healthways had a net margin of 17.30% and a return on equity of 29.81%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts predict that Healthways, Inc. will post $1.52 earnings per share for the current year.
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A number of research firms recently issued reports on TVTY. Zacks Investment Research downgraded Healthways from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Barrington Research boosted their price target on Healthways from $35.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. UBS AG boosted their price objective on shares of Healthways from $37.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, June 23rd. Jefferies Group LLC restated a “buy” rating and issued a $36.00 price objective on shares of Healthways in a report on Friday, June 16th. Finally, Cantor Fitzgerald increased their price objective on Healthways from $34.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, June 9th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $35.25.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new stake in Healthways during the first quarter worth $107,000. ClariVest Asset Management LLC bought a new stake in Healthways during the first quarter worth approximately $141,000. US Bancorp DE bought a new stake in Healthways during the first quarter worth approximately $145,000. Strs Ohio bought a new stake in Healthways during the first quarter worth approximately $154,000. Finally, Capstone Asset Management Co. bought a new stake in Healthways during the first quarter worth approximately $216,000.
Healthways Company Profile
Tivity Health, Inc, formerly Healthways, Inc, is focused targeted population health for those aged 50 and older. The Company offers three programs: SilverSneakers senior fitness, Prime fitness and WholeHealth Living. The SilverSneakers senior fitness program is offered to members of Medicare Advantage, Medicare Supplement, and Group Retiree plans.
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