Alliancebernstein L.P. Invests $1.47 Million in Healthways, Inc. (NASDAQ:TVTY)

Alliancebernstein L.P. acquired a new stake in shares of Healthways, Inc. (NASDAQ:TVTY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 50,347 shares of the company’s stock, valued at approximately $1,465,000. Alliancebernstein L.P. owned about 0.13% of Healthways at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wells Fargo & Company MN bought a new position in Healthways during the first quarter valued at approximately $98,404,000. JPMorgan Chase & Co. bought a new position in Healthways during the first quarter valued at approximately $34,618,000. Hood River Capital Management LLC bought a new position in Healthways during the first quarter valued at approximately $29,974,000. American Capital Management Inc. raised its position in Healthways by 0.6% in the first quarter. American Capital Management Inc. now owns 900,800 shares of the company’s stock valued at $26,213,000 after buying an additional 5,075 shares during the period. Finally, Eagle Asset Management Inc. bought a new position in Healthways during the first quarter valued at approximately $22,592,000.

Shares of Healthways, Inc. (NASDAQ TVTY) opened at 38.775 on Friday. Healthways, Inc. has a 52 week low of $16.04 and a 52 week high of $41.55. The firm has a market capitalization of $1.53 billion, a P/E ratio of 17.466 and a beta of 0.37. The stock’s 50 day moving average price is $39.24 and its 200 day moving average price is $31.87.

Healthways (NASDAQ:TVTY) last released its earnings results on Thursday, July 27th. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. The firm had revenue of $138.90 million during the quarter, compared to analyst estimates of $138.15 million. Healthways had a net margin of 17.30% and a return on equity of 29.81%. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, analysts predict that Healthways, Inc. will post $1.52 EPS for the current fiscal year.

Several research analysts have commented on TVTY shares. Zacks Investment Research raised Healthways from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Tuesday, May 2nd. BidaskClub raised Healthways from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $41.00 price objective (up from $32.00) on shares of Healthways in a research report on Monday, May 1st. UBS AG raised their price objective on Healthways from $37.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, June 23rd. Finally, Barrington Research raised their price objective on Healthways from $35.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Two investment 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 stock. The company currently has a consensus rating of “Buy” and a consensus price target of $35.25.

In other Healthways news, 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 transaction of $66,325,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.42% of the stock is owned by 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.