175,763 Shares in Healthways, Inc. (TVTY) Acquired by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC bought a new position in shares of Healthways, Inc. (NASDAQ:TVTY) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 175,763 shares of the company’s stock, valued at approximately $5,115,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN bought a new stake in Healthways during the first quarter worth $98,404,000. JPMorgan Chase & Co. bought a new stake in Healthways during the first quarter worth $34,618,000. Hood River Capital Management LLC bought a new stake in Healthways during the first quarter worth $29,974,000. Eagle Asset Management Inc. bought a new stake in Healthways during the first quarter worth $22,592,000. Finally, Jennison Associates LLC bought a new stake in Healthways during the first quarter worth $13,781,000.

Healthways, Inc. (NASDAQ TVTY) opened at 39.95 on Thursday. The stock’s 50 day moving average price is $38.30 and its 200-day moving average price is $30.79. The firm has a market cap of $1.57 billion, a PE ratio of 30.04 and a beta of 0.40. Healthways, Inc. has a 12-month low of $11.99 and a 12-month high of $40.75.

Healthways (NASDAQ:TVTY) last posted its quarterly earnings data on Thursday, April 27th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.08. The company had revenue of $141 million during the quarter, compared to analyst estimates of $136.28 million. Healthways had a positive return on equity of 37.59% and a negative net margin of 18.90%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities research analysts anticipate that Healthways, Inc. will post $1.55 earnings per share for the current fiscal year.

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A number of analysts have recently weighed in on TVTY shares. ValuEngine upgraded Healthways from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded Healthways from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Wednesday, April 26th. Jefferies Group LLC reiterated a “buy” rating and set a $36.00 target price (up from $33.00) on shares of Healthways in a research report on Saturday, April 29th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $41.00 target price (up from $32.00) on shares of Healthways in a research report on Monday, May 1st. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $34.00 target price on shares of Healthways in a research report on Friday, April 28th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Healthways currently has an average rating of “Buy” and an average target price of $33.85.

In related news, Director Mary Jane England sold 1,763 shares of Healthways stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $31.95, for a total transaction of $56,327.85. Following the completion of the sale, the director now owns 19,453 shares of the company’s stock, valued at $621,523.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.42% of the stock is currently owned by company insiders.

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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Institutional Ownership by Quarter for Healthways (NASDAQ:TVTY)

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