Healthways, Inc. (NASDAQ:TVTY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Tivity Health, Inc. provides health management services. The company offers services which include chiropractic services, physical therapy, occupational therapy, speech therapy, acupuncture, massage and complementary and alternative medicine services. Its network comprises SilverSneakers(R), Prime(R) Fitness and WholeHealth Living (TM). Tivity Health, Inc., formerly known as Healthways, Inc., is based in Franklin, Tennessee. “

Other equities research analysts have also issued reports about the stock. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $41.00 price objective (up from $32.00) on shares of Healthways in a report on Monday, May 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $36.00 price objective (up from $33.00) on shares of Healthways in a report on Saturday, April 29th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $34.00 price objective on shares of Healthways in a report on Friday, April 28th. ValuEngine raised shares of Healthways from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, UBS AG increased their price objective on shares of Healthways from $37.00 to $43.00 and gave the company a “buy” rating in a report on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, nine have given 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 price target of $35.25.

Healthways (TVTY) opened at 37.725 on Thursday. The stock has a market cap of $1.48 billion, a PE ratio of 16.993 and a beta of 0.37. The company’s 50-day moving average is $39.35 and its 200 day moving average is $32.41. Healthways has a 52 week low of $19.25 and a 52 week high of $41.55.

Healthways (NASDAQ:TVTY) last announced its quarterly earnings data 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. Healthways had a net margin of 17.30% and a return on equity of 29.81%. The business had revenue of $138.90 million during the quarter, compared to analyst estimates of $138.15 million. Healthways’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, analysts expect that Healthways will post $1.52 earnings per share for the current fiscal year.

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In related news, 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 transaction, the insider now directly owns 59,077 shares of the company’s stock, valued at $2,244,926. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Conan Laughlin sold 1,750,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $37.90, for a total transaction of $66,325,000.00. The disclosure for this sale can be found here. Company insiders own 8.42% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new position in Healthways during the first quarter worth $135,544,000. BlackRock Inc. bought a new stake in shares of Healthways during the first quarter worth about $123,015,000. Wells Fargo & Company MN bought a new stake in shares of Healthways during the first quarter worth about $98,404,000. North Tide Capital LLC bought a new stake in shares of Healthways during the first quarter worth about $72,750,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Healthways during the first quarter worth about $70,660,000.

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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Analyst Recommendations for Healthways (NASDAQ:TVTY)

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