Zacks Investment Research upgraded shares of Healthways, Inc. (NASDAQ:TVTY) from a sell rating to a hold rating in a research note released on Wednesday morning.
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 issued reports on TVTY. ValuEngine upgraded Healthways from a hold rating to a buy rating in a research report on Friday, September 1st. Chardan Capital began coverage on Healthways in a research report on Tuesday, August 29th. They set a neutral rating and a $40.00 target price on the stock. Barrington Research increased their target price on Healthways from $35.00 to $44.00 and gave the company an outperform rating in a research report on Friday, July 28th. BidaskClub upgraded Healthways from a buy rating to a strong-buy rating in a research report on Friday, June 9th. Finally, Cantor Fitzgerald increased their target price on Healthways from $34.00 to $42.00 and gave the company an overweight rating in a research report on Friday, June 9th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of Buy and an average target price of $39.88.
Shares of Healthways (NASDAQ:TVTY) traded up 0.92% during trading on Wednesday, reaching $38.20. 76,776 shares of the company’s stock traded hands. Healthways has a one year low of $19.25 and a one year high of $41.55. The stock has a market cap of $1.50 billion, a P/E ratio of 17.21 and a beta of 0.41. The company has a 50 day moving average price of $38.32 and a 200-day moving average price of $34.10.
Healthways (NASDAQ:TVTY) last announced its earnings results on Thursday, July 27th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $138.15 million. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities research analysts expect that Healthways will post $1.53 EPS for the current fiscal year.
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In other Healthways news, Director Conan Laughlin sold 1,750,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $37.90, for a total value of $66,325,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Mary Flipse sold 1,340 shares of the firm’s stock in a transaction on 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 transaction, the insider now owns 75,187 shares in the company, valued at approximately $2,805,978.84. The disclosure for this sale can be found here. Insiders sold a total of 1,809,913 shares of company stock worth $68,582,025 in the last 90 days. 8.42% of the stock is currently owned by insiders.
Hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue purchased a new position in Healthways in the 1st quarter valued at $107,000. Flinton Capital Management LLC lifted its holdings in Healthways by 63.5% in the 2nd quarter. Flinton Capital Management LLC now owns 3,502 shares of the company’s stock valued at $139,000 after purchasing an additional 1,360 shares in the last quarter. ClariVest Asset Management LLC purchased a new position in Healthways in the 1st quarter valued at $141,000. Riverhead Capital Management LLC lifted its holdings in Healthways by 69.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,564 shares of the company’s stock valued at $142,000 after purchasing an additional 1,464 shares in the last quarter. Finally, US Bancorp DE purchased a new position in Healthways in the 1st quarter valued at $145,000.
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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