Healthways, Inc. (NASDAQ:TVTY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.
According to Zacks, “Tivity Health, Inc. provides health management services. The company offers services which include chiropractic services, physical therapy, occupational therapy, speech therapy, acupuncture, massage and complementary and alternative medicine services. Its network comprises SilverSneakers(R), Prime(R) Fitness and WholeHealth Living (TM). Tivity Health, Inc., formerly known as Healthways, Inc., is based in Franklin, Tennessee. “
A number of other research analysts have also weighed in on TVTY. Barrington Research raised their price objective on shares of Healthways from $35.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. BidaskClub raised shares of Healthways from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Cantor Fitzgerald raised their price objective on shares of Healthways from $34.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, June 9th. Jefferies Group LLC reissued a “buy” rating and set a $36.00 price target on shares of Healthways in a research report on Friday, June 16th. Finally, UBS AG raised their price target 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. One analyst has rated the stock with a sell rating, one has issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Healthways presently has an average rating of “Buy” and an average price target of $35.25.
Shares of Healthways (TVTY) opened at 37.725 on Thursday. The company has a 50-day moving average of $39.35 and a 200 day moving average of $32.41. The company has a market capitalization of $1.48 billion, a PE ratio of 16.993 and a beta of 0.37. Healthways has a 52-week low of $19.25 and a 52-week high of $41.55.
Healthways (NASDAQ:TVTY) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. Healthways had a net margin of 17.30% and a return on equity of 29.81%. The firm had revenue of $138.90 million for the quarter, compared to analyst estimates of $138.15 million. Healthways’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts predict that Healthways will post $1.52 earnings per share for the current year.
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In other news, 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 transaction, the insider now owns 59,077 shares in the company, valued at $2,244,926. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 disclosure for this sale can be found here. 8.42% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Highbridge Capital Management LLC acquired a new position in Healthways during the first quarter valued at $1,391,000. United Services Automobile Association acquired a new position in Healthways during the first quarter valued at $377,000. Dimensional Fund Advisors LP acquired a new position in Healthways during the first quarter valued at $70,660,000. North Tide Capital LLC acquired a new position in Healthways during the first quarter valued at $72,750,000. Finally, Swiss National Bank acquired a new position in Healthways during the first quarter valued at $1,667,000.
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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