Healthways, Inc. (NASDAQ:TVTY) Insider Glenn Hargreaves Sells 21,105 Shares
Healthways, Inc. (NASDAQ:TVTY) insider Glenn Hargreaves sold 21,105 shares of the business’s stock in a transaction dated 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 owns 59,077 shares in the company, valued at approximately $2,244,926. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Healthways, Inc. (TVTY) opened at 38.65 on Wednesday. The stock’s 50 day moving average price is $39.30 and its 200 day moving average price is $32.00. The company has a market cap of $1.52 billion, a P/E ratio of 17.41 and a beta of 0.37. Healthways, Inc. has a 1-year low of $17.55 and a 1-year high of $41.55.
Healthways (NASDAQ:TVTY) last issued its quarterly earnings data 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 company had revenue of $138.90 million during the quarter, compared to analysts’ expectations of $138.15 million. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Equities research analysts forecast that Healthways, Inc. will post $1.52 earnings per share for the current year.
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Large investors have recently modified their holdings of the company. State of Alaska Department of Revenue purchased a new stake in shares of Healthways during the first quarter worth about $107,000. ClariVest Asset Management LLC purchased a new stake in shares of Healthways during the first quarter worth about $141,000. US Bancorp DE purchased a new stake in shares of Healthways during the first quarter worth about $145,000. Strs Ohio purchased a new stake in shares of Healthways during the first quarter worth about $154,000. Finally, Capstone Asset Management Co. purchased a new stake in shares of Healthways during the first quarter worth about $216,000.
A number of research analysts have commented on the company. Barrington Research boosted their target price on Healthways from $35.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Zacks Investment Research downgraded Healthways from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. BidaskClub upgraded Healthways from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Cantor Fitzgerald boosted their target price on Healthways from $34.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday, June 9th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $36.00 price target on shares of Healthways in a research note on Friday, June 16th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $35.25.
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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