47,949 Shares in Healthways, Inc. (TVTY) Acquired by Credit Suisse AG
Credit Suisse AG purchased a new stake in shares of Healthways, Inc. (NASDAQ:TVTY) during the first quarter, Holdings Channel reports. The institutional investor purchased 47,949 shares of the company’s stock, valued at approximately $1,395,000.
A number of other hedge funds have also added to or reduced their stakes in TVTY. Kornitzer Capital Management Inc. KS acquired a new stake in Healthways during the first quarter valued at approximately $10,270,000. Monarch Partners Asset Management LLC acquired a new stake in Healthways during the first quarter valued at approximately $8,084,000. Jennison Associates LLC acquired a new stake in Healthways during the first quarter valued at approximately $13,781,000. Wells Fargo & Company MN acquired a new stake in Healthways during the first quarter valued at approximately $98,404,000. Finally, Russell Investments Group Ltd. acquired a new stake in Healthways during the first quarter valued at approximately $1,887,000.
Shares of Healthways, Inc. (NASDAQ TVTY) traded down 0.069% during trading on Wednesday, reaching $36.025. 60,663 shares of the company’s stock traded hands. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 16.227 and a beta of 0.37. Healthways, Inc. has a 1-year low of $19.25 and a 1-year high of $41.55. The company has a 50 day moving average of $39.14 and a 200-day moving average of $32.85.
Healthways (NASDAQ:TVTY) last posted 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. The company had revenue of $138.90 million for 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 was up 11.1% compared to the same quarter last year. Equities analysts predict that Healthways, Inc. will post $1.52 earnings per share for the current year.
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Several research firms recently commented on TVTY. Zacks Investment Research downgraded shares of Healthways from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. UBS AG upped 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. Barrington Research upped their price target on shares of Healthways from $35.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Cantor Fitzgerald upped their price target on shares of Healthways from $34.00 to $42.00 and gave the company an “overweight” rating in a research report on Friday, June 9th. Finally, BidaskClub raised shares of Healthways from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Healthways presently has an average rating of “Buy” and an average price target of $38.25.
In other Healthways news, insider Mary Flipse sold 1,340 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $37.32, for a total value of $50,008.80. Following the sale, the insider now directly owns 75,187 shares in the company, valued at $2,805,978.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Glenn Hargreaves sold 21,105 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 59,077 shares in the company, valued at $2,244,926. The disclosure for this sale can be found here. Insiders sold 1,772,445 shares of company stock worth $67,176,999 over the last quarter. 8.42% of the stock is currently owned by company insiders.
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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