Healthways’ (TVTY) Buy Rating Reaffirmed at SunTrust Banks, Inc.
Healthways, Inc. (NASDAQ:TVTY)‘s stock had its “buy” rating reiterated by equities research analysts at SunTrust Banks, Inc. in a research report issued to clients and investors on Thursday. They currently have a $46.00 target price on the stock. SunTrust Banks, Inc.’s target price suggests a potential upside of 13.02% from the stock’s previous close.
A number of other equities research analysts have also commented on TVTY. Jefferies Group LLC restated a “buy” rating and set a $36.00 price objective on shares of Healthways in a research report on Friday, June 16th. UBS AG raised their price objective on Healthways from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, June 23rd. Barrington Research raised their price objective on Healthways from $35.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Zacks Investment Research lowered Healthways from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Chardan Capital started coverage on Healthways in a research report on Tuesday, August 29th. They set a “neutral” rating and a $40.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $43.14.
Healthways (TVTY) traded up 0.49% on Thursday, reaching $40.70. 182,215 shares of the company’s stock were exchanged. Healthways has a 1-year low of $19.25 and a 1-year high of $43.00. The stock has a market capitalization of $1.60 billion, a P/E ratio of 18.33 and a beta of 0.38. The firm’s 50 day moving average is $39.29 and its 200 day moving average is $36.14.
Healthways (NASDAQ:TVTY) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. Healthways had a return on equity of 29.81% and a net margin of 17.30%. The firm had revenue of $138.90 million during the quarter, compared to analyst estimates of $138.15 million. The firm’s revenue was up 11.1% compared to the same quarter last year. Analysts expect that Healthways will post $1.53 EPS for the current year.
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In other news, Director Conan Laughlin sold 1,750,000 shares of Healthways stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $37.90, for a total transaction of $66,325,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the insider now owns 59,077 shares of the company’s stock, valued at $2,244,926. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,824,858 shares of company stock valued at $69,172,017. 8.42% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of TVTY. Capstone Asset Management Co. acquired a new stake in Healthways in the 1st quarter worth approximately $216,000. Fox Run Management L.L.C. acquired a new stake in Healthways in the 1st quarter worth approximately $259,000. Louisiana State Employees Retirement System acquired a new stake in Healthways in the 1st quarter worth approximately $396,000. State of Alaska Department of Revenue acquired a new stake in Healthways in the 1st quarter worth approximately $107,000. Finally, Nationwide Fund Advisors acquired a new stake in Healthways in the 1st quarter worth approximately $8,461,000.
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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