Healthways, Inc. (TVTY) Upgraded by Zacks Investment Research to “Hold”
Zacks Investment Research upgraded shares of Healthways, Inc. (NASDAQ:TVTY) from a sell rating to a hold rating in a research report report published on Tuesday.
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. “
A number of other analysts also recently issued reports on TVTY. Chardan Capital began coverage on Healthways in a research report on Tuesday. They set a neutral rating and a $40.00 price objective for the company. Barrington Research raised their price objective on Healthways from $35.00 to $44.00 and gave the stock an outperform rating in a research report on Friday, July 28th. BidaskClub raised Healthways from a buy rating to a strong-buy rating in a research report on Friday, June 9th. Cantor Fitzgerald raised their price objective on Healthways from $34.00 to $42.00 and gave the stock an overweight rating in a research report on Friday, June 9th. Finally, Jefferies Group LLC reissued a buy rating and set a $36.00 price objective on shares of Healthways in a research report on Friday, June 16th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Healthways currently has an average rating of Buy and an average target price of $39.88.
Shares of Healthways (NASDAQ:TVTY) opened at 37.80 on Tuesday. The company’s 50-day moving average is $38.66 and its 200-day moving average is $33.41. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 17.03 and a beta of 0.37. Healthways has a 12-month low of $19.25 and a 12-month high of $41.55.
Healthways (NASDAQ:TVTY) last issued its earnings results on Thursday, July 27th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. Healthways had a return on equity of 29.81% and a net margin of 17.30%. The business had revenue of $138.90 million during the quarter, compared to the consensus estimate of $138.15 million. Healthways’s revenue for the quarter was up 11.1% compared to the same quarter last year. Equities research analysts predict that Healthways will post $1.52 earnings per share for the current year.
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In other news, insider Glenn Hargreaves sold 21,105 shares of Healthways 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 completion of the transaction, the insider now owns 59,077 shares in the company, valued at approximately $2,244,926. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Mary Flipse sold 14,020 shares of Healthways stock in a transaction dated Friday, August 18th. The shares were sold at an average price of $37.03, for a total value of $519,160.60. Following the completion of the transaction, the insider now owns 61,167 shares of the company’s stock, valued at approximately $2,265,014.01. The disclosure for this sale can be found here. Insiders have sold a total of 1,809,913 shares of company stock valued at $68,582,025 over the last 90 days. 8.42% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Flinton Capital Management LLC boosted its position in shares of Healthways by 63.5% in the second quarter. Flinton Capital Management LLC now owns 3,502 shares of the company’s stock valued at $139,000 after buying an additional 1,360 shares during the last quarter. Riverhead Capital Management LLC boosted its position in shares of Healthways by 69.7% in the second quarter. Riverhead Capital Management LLC now owns 3,564 shares of the company’s stock valued at $142,000 after buying an additional 1,464 shares during the last quarter. Riggs Asset Managment Co. Inc. boosted its position in shares of Healthways by 3.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 53,856 shares of the company’s stock valued at $2,146,000 after buying an additional 1,867 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Healthways during the first quarter valued at about $107,000. Finally, ClariVest Asset Management LLC bought a new position in shares of Healthways during the first quarter valued at about $141,000.
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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