Healthways, Inc. (TVTY) Receives Average Rating of “Buy” from Analysts
Healthways, Inc. (NASDAQ:TVTY) has been given a consensus recommendation of “Buy” by the ten research firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $43.14.
TVTY has been the subject of a number of analyst reports. Zacks Investment Research upgraded Healthways from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Chardan Capital initiated coverage on Healthways in a research note on Tuesday, August 29th. They set a “neutral” rating and a $40.00 price objective for the company. ValuEngine cut Healthways from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Jefferies Group LLC restated a “buy” rating and set a $46.00 price objective on shares of Healthways in a research note on Monday, September 25th. Finally, Barrington Research upped their price objective on Healthways from $35.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th.
In other Healthways news, insider Glenn Hargreaves sold 7,137 shares of the stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $40.00, for a total value of $285,480.00. Following the completion of the sale, the insider now directly owns 52,180 shares in the company, valued at $2,087,200. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mary Flipse sold 1,340 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $37.32, for a total value of $50,008.80. Following the completion of the sale, the insider now owns 75,187 shares of the company’s stock, valued at $2,805,978.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,824,858 shares of company stock valued at $69,172,017. 8.42% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the business. Lord Abbett & CO. LLC raised its stake in Healthways by 158.7% in the second quarter. Lord Abbett & CO. LLC now owns 745,372 shares of the company’s stock valued at $29,704,000 after buying an additional 457,285 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Healthways in the second quarter valued at about $290,000. Flinton Capital Management LLC raised its stake in Healthways by 63.5% in the second quarter. Flinton Capital Management LLC now owns 3,502 shares of the company’s stock valued at $139,000 after buying an additional 1,360 shares during the last quarter. Riverhead Capital Management LLC raised its stake in Healthways by 69.7% in the second quarter. Riverhead Capital Management LLC now owns 3,564 shares of the company’s stock valued at $142,000 after buying an additional 1,464 shares during the last quarter. Finally, Eaton Vance Management purchased a new stake in Healthways in the second quarter valued at about $625,000.
Shares of Healthways (TVTY) traded up 0.061% during trading on Wednesday, hitting $40.775. The stock had a trading volume of 225,254 shares. Healthways has a 12 month low of $19.25 and a 12 month high of $43.00. The stock has a 50-day moving average price of $39.56 and a 200 day moving average price of $36.38. The company has a market cap of $1.61 billion, a P/E ratio of 18.367 and a beta of 0.38.
Healthways (NASDAQ:TVTY) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. The firm had revenue of $138.90 million during the quarter, compared to analysts’ expectations of $138.15 million. Healthways had a return on equity of 29.81% and a net margin of 17.30%. Healthways’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities analysts expect that Healthways will post $1.53 EPS for the current fiscal year.
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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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