Eaton Vance Management Invests $625,000 in Healthways, Inc. (TVTY) Stock
Eaton Vance Management acquired a new position in shares of Healthways, Inc. (NASDAQ:TVTY) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,684 shares of the company’s stock, valued at approximately $625,000.
A number of other institutional investors have also recently made changes to their positions in the business. Riggs Asset Managment Co. Inc. grew its stake in Healthways by 3.6% during the second quarter. Riggs Asset Managment Co. Inc. now owns 53,856 shares of the company’s stock worth $2,146,000 after buying an additional 1,867 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in Healthways during the first quarter worth about $141,000. US Bancorp DE acquired a new stake in Healthways during the first quarter worth about $145,000. Strs Ohio acquired a new stake in Healthways during the first quarter worth about $154,000. Finally, Caxton Associates LP acquired a new stake in Healthways during the first quarter worth about $221,000.
A number of equities research analysts have issued reports on TVTY shares. BidaskClub upgraded shares of Healthways from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. ValuEngine upgraded shares of Healthways from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. UBS AG increased their price objective on shares of Healthways from $37.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, June 23rd. Barrington Research increased their price objective on shares of Healthways from $35.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Finally, Cantor Fitzgerald increased their price objective on shares of Healthways from $34.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, June 9th. 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 company. The stock currently has an average rating of “Buy” and a consensus target price of $41.13.
In other news, Director Conan Laughlin sold 1,750,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $37.90, for a total transaction of $66,325,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Glenn Hargreaves sold 21,105 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $38.00, for a total value of $801,990.00. Following the transaction, the insider now directly owns 59,077 shares of the company’s stock, valued at approximately $2,244,926. The disclosure for this sale can be found here. Insiders have sold 1,809,913 shares of company stock valued at $68,582,025 in the last three months. 8.42% of the stock is owned by insiders.
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Healthways, Inc. (NASDAQ:TVTY) opened at 39.35 on Tuesday. The stock has a 50 day moving average of $37.95 and a 200-day moving average of $34.76. Healthways, Inc. has a 12-month low of $19.25 and a 12-month high of $41.55. The company has a market cap of $1.55 billion, a PE ratio of 17.73 and a beta of 0.41.
Healthways (NASDAQ:TVTY) last issued its quarterly earnings data on Thursday, July 27th. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.03. Healthways had a return on equity of 29.81% and a net margin of 17.30%. The company had revenue of $138.90 million during the quarter, compared to analyst estimates of $138.15 million. The business’s revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts anticipate that Healthways, Inc. will post $1.53 earnings per share for the current fiscal year.
Healthways Company Profile
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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