Chartwell Investment Partners LLC Grows Position in Healthways, Inc. (TVTY)
Chartwell Investment Partners LLC lifted its position in Healthways, Inc. (NASDAQ:TVTY) by 194.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,754 shares of the company’s stock after acquiring an additional 73,819 shares during the period. Chartwell Investment Partners LLC owned 0.28% of Healthways worth $4,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Flinton Capital Management LLC increased its position in shares of 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 acquiring an additional 1,360 shares during the period. Riverhead Capital Management LLC increased its position in shares of 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 acquiring an additional 1,464 shares during the period. New York State Teachers Retirement System increased its position in shares of Healthways by 1.5% in the 3rd quarter. New York State Teachers Retirement System now owns 111,510 shares of the company’s stock valued at $4,550,000 after acquiring an additional 1,700 shares during the period. SG Americas Securities LLC acquired a new position in shares of Healthways in the 3rd quarter valued at $210,000. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Healthways in the 3rd quarter valued at $279,000.
Healthways, Inc. (NASDAQ:TVTY) traded down $0.30 during trading hours on Thursday, hitting $34.80. The stock had a trading volume of 453,000 shares, compared to its average volume of 496,735. Healthways, Inc. has a 52-week low of $20.60 and a 52-week high of $48.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market cap of $1,390.55, a PE ratio of 21.40, a PEG ratio of 1.99 and a beta of 0.27.
Healthways (NASDAQ:TVTY) last posted its earnings results on Thursday, October 26th. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.10. Healthways had a return on equity of 30.23% and a net margin of 11.45%. The firm had revenue of $137.70 million for the quarter, compared to analysts’ expectations of $137.95 million. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. equities research analysts expect that Healthways, Inc. will post 1.6 earnings per share for the current year.
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In other news, insider Mary Flipse sold 7,808 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The shares were sold at an average price of $39.00, for a total transaction of $304,512.00. Following the completion of the sale, the insider now owns 57,975 shares in the company, valued at approximately $2,261,025. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Glenn Hargreaves sold 7,137 shares of the firm’s stock in a transaction that occurred on Tuesday, September 26th. The stock was sold at an average price of $40.00, for a total transaction of $285,480.00. Following the sale, the insider now owns 52,180 shares of the company’s stock, valued at approximately $2,087,200. The disclosure for this sale can be found here. Insiders sold a total of 890,837 shares of company stock worth $32,405,634 over the last ninety days. 8.42% of the stock is currently owned by corporate insiders.
TVTY has been the topic of several analyst reports. SunTrust Banks, Inc. set a $50.00 price target on Healthways and gave the stock a “buy” rating in a research report on Friday, October 27th. ValuEngine raised Healthways from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $46.00 price target on shares of Healthways in a research report on Monday, September 25th. Zacks Investment Research raised Healthways from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Tuesday, October 31st. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $45.00 price target on shares of Healthways in a research report on Monday, November 6th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Healthways presently has an average rating of “Buy” and an average target price of $46.25.
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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