OppenheimerFunds Inc. Invests $412,000 in Healthways, Inc. (TVTY)

OppenheimerFunds Inc. acquired a new stake in Healthways, Inc. (NASDAQ:TVTY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,136 shares of the company’s stock, valued at approximately $412,000.

Several other large investors also recently modified their holdings of the company. Wells Fargo & Company MN acquired a new position in shares of Healthways during the first quarter valued at approximately $98,404,000. JPMorgan Chase & Co. purchased a new stake in shares of Healthways during the first quarter worth approximately $34,618,000. Hood River Capital Management LLC purchased a new stake in shares of Healthways during the first quarter worth approximately $29,974,000. Eagle Asset Management Inc. purchased a new stake in shares of Healthways during the first quarter worth approximately $22,592,000. Finally, Jennison Associates LLC purchased a new stake in shares of Healthways during the first quarter worth approximately $13,781,000.

Healthways, Inc. (NASDAQ:TVTY) traded up 2.174% during trading on Friday, reaching $38.775. 361,479 shares of the company’s stock traded hands. The company’s 50 day moving average is $39.24 and its 200-day moving average is $31.87. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 17.466 and a beta of 0.37. Healthways, Inc. has a 52-week low of $16.04 and a 52-week high of $41.55.

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

TVTY has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Healthways from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Tuesday, May 2nd. BidaskClub upgraded shares of Healthways from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $41.00 target price (up previously from $32.00) on shares of Healthways in a research note on Monday, May 1st. UBS AG raised their target price 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. Finally, Barrington Research raised their target price 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. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $35.25.

In related news, Director Conan Laughlin sold 1,750,000 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.42% of the stock is currently owned by corporate insiders.

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.