Kennedy Capital Management Inc. Boosts Holdings in Catasys, Inc. (NASDAQ:CATS)

Kennedy Capital Management Inc. raised its position in Catasys, Inc. (NASDAQ:CATS) by 7.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 301,087 shares of the company’s stock after purchasing an additional 20,469 shares during the quarter. Kennedy Capital Management Inc.’s holdings in Catasys were worth $3,682,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC raised its position in Catasys by 19.1% in the first quarter. Janney Montgomery Scott LLC now owns 171,223 shares of the company’s stock valued at $2,094,000 after purchasing an additional 27,467 shares during the last quarter. Vanguard Group Inc increased its stake in shares of Catasys by 53.8% in the third quarter. Vanguard Group Inc now owns 171,813 shares of the company’s stock valued at $2,208,000 after buying an additional 60,090 shares during the period. Vanguard Group Inc. increased its stake in shares of Catasys by 53.8% in the third quarter. Vanguard Group Inc. now owns 171,813 shares of the company’s stock valued at $2,208,000 after buying an additional 60,090 shares during the period. Westwood Management Corp IL increased its stake in shares of Catasys by 37.5% in the first quarter. Westwood Management Corp IL now owns 55,000 shares of the company’s stock valued at $673,000 after buying an additional 15,000 shares during the period. Finally, Baldwin Brothers Inc. MA increased its stake in shares of Catasys by 22.2% in the first quarter. Baldwin Brothers Inc. MA now owns 27,500 shares of the company’s stock valued at $336,000 after buying an additional 5,000 shares during the period. Hedge funds and other institutional investors own 12.66% of the company’s stock.

In related news, major shareholder David E. Smith sold 43,037 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $13.86, for a total transaction of $596,492.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder David E. Smith sold 34,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $18.18, for a total value of $627,210.00. The disclosure for this sale can be found here. Insiders have sold 532,355 shares of company stock valued at $8,298,358 in the last ninety days. 60.80% of the stock is currently owned by insiders.

Several equities research analysts have recently weighed in on the company. BidaskClub cut Catasys from a “buy” rating to a “hold” rating in a research note on Monday. Canaccord Genuity increased their price target on Catasys from $15.00 to $26.00 and gave the company a “buy” rating in a research note on Friday, May 10th. TheStreet cut Catasys from a “c” rating to a “d+” rating in a research note on Monday, March 11th. Dougherty & Co assumed coverage on Catasys in a research note on Tuesday, May 7th. They issued a “buy” rating for the company. Finally, ValuEngine raised Catasys from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 1st. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $17.40.

NASDAQ CATS opened at $18.24 on Friday. Catasys, Inc. has a one year low of $6.27 and a one year high of $20.83. The company has a market cap of $293.16 million, a P/E ratio of -20.49 and a beta of 1.77.

Catasys (NASDAQ:CATS) last released its earnings results on Thursday, May 9th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.06. The business had revenue of $6.81 million for the quarter, compared to analyst estimates of $5.64 million. Analysts forecast that Catasys, Inc. will post -0.96 EPS for the current fiscal year.

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Catasys Company Profile

Catasys, Inc provides big data predictive analytics, artificial intelligence and telehealth, combined with human intervention services to health plans and other third party payors. It offers OnTrak solution to improve treatment outcomes and lower the utilization of medical and behavioral health plan services.

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Institutional Ownership by Quarter for Catasys (NASDAQ:CATS)

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