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.

About Healthways

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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