Healthways’ (TVTY) Buy Rating Reaffirmed at SunTrust Banks, Inc.
TVTY has been the topic of a number of other research reports. Chardan Capital began coverage on Healthways in a research report on Tuesday, August 29th. They issued a neutral rating and a $40.00 target price on the stock. Zacks Investment Research upgraded Healthways from a sell rating to a hold rating in a report on Wednesday, September 6th. Jefferies Group LLC reiterated a buy rating and issued a $36.00 price objective on shares of Healthways in a report on Friday, June 16th. Barrington Research boosted their price objective on Healthways from $35.00 to $44.00 and gave the company an outperform rating in a report on Friday, July 28th. Finally, UBS AG boosted their price objective on Healthways from $37.00 to $43.00 and gave the company a buy rating in a report on Friday, June 23rd. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $43.14.
Healthways (NASDAQ:TVTY) opened at 41.10 on Thursday. The company has a market cap of $1.62 billion, a P/E ratio of 18.51 and a beta of 0.38. The firm has a 50-day moving average price of $39.56 and a 200 day moving average price of $36.38. Healthways has a 12 month low of $19.25 and a 12 month high of $43.00.
Healthways (NASDAQ:TVTY) last posted its earnings results on Thursday, July 27th. The company reported $0.41 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $138.15 million. The company’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities research analysts predict that Healthways will post $1.53 EPS for the current year.
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In related news, insider Glenn Hargreaves sold 21,105 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $38.00, for a total value of $801,990.00. Following the sale, the insider now owns 59,077 shares in the company, valued at approximately $2,244,926. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Conan Laughlin sold 1,750,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $37.90, for a total value of $66,325,000.00. The disclosure for this sale can be found here. Insiders sold a total of 1,824,858 shares of company stock worth $69,172,017 in the last quarter. Company insiders own 8.42% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TVTY. Flinton Capital Management LLC grew its stake in Healthways by 63.5% during the 2nd quarter. Flinton Capital Management LLC now owns 3,502 shares of the company’s stock worth $139,000 after purchasing an additional 1,360 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Healthways by 69.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,564 shares of the company’s stock worth $142,000 after purchasing an additional 1,464 shares in the last quarter. US Bancorp DE acquired a new position in Healthways during the 1st quarter worth $145,000. Caxton Associates LP acquired a new position in Healthways during the 1st quarter worth $221,000. Finally, Karp Capital Management Corp acquired a new position in Healthways during the 1st quarter worth $225,000.
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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