UBS Asset Management Americas Inc. acquired a new position in shares of Healthways, Inc. (NASDAQ:TVTY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,299 shares of the company’s stock, valued at approximately $242,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. State of Alaska Department of Revenue bought a new stake in Healthways during the first quarter worth about $107,000. US Bancorp DE purchased a new position in Healthways during the first quarter worth about $145,000. Strs Ohio bought a new position in shares of Healthways during the first quarter valued at about $154,000. Capstone Asset Management Co. bought a new position in shares of Healthways during the first quarter valued at about $216,000. Finally, Fox Run Management L.L.C. acquired a new stake in Healthways during the first quarter valued at approximately $259,000.
Healthways, Inc. (TVTY) traded up 4.04% during midday trading on Friday, hitting $37.30. 652,501 shares of the stock traded hands. Healthways, Inc. has a 52-week low of $19.25 and a 52-week high of $41.55. The firm has a market cap of $1.47 billion, a PE ratio of 16.80 and a beta of 0.37. The stock has a 50-day moving average of $38.90 and a 200 day moving average of $32.98.
Healthways (NASDAQ:TVTY) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.03. The business had revenue of $138.90 million for the quarter, compared to analyst estimates of $138.15 million. Healthways had a return on equity of 29.81% and a net margin of 17.30%. Healthways’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities analysts forecast that Healthways, Inc. will post $1.52 EPS for the current year.
Several research firms recently commented on TVTY. ValuEngine raised shares of Healthways from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded shares of Healthways from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “buy” rating and set a $36.00 target price on shares of Healthways in a report on Friday, June 16th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $34.00 target price on shares of Healthways in a report on Friday, April 28th. Finally, Barrington Research upped their target price on shares of Healthways from $35.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Healthways has an average rating of “Buy” and an average target price of $38.25.
In related news, insider Mary Flipse sold 1,340 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $37.32, for a total transaction of $50,008.80. Following the transaction, the insider now directly owns 75,187 shares of the company’s stock, valued at approximately $2,805,978.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Conan Laughlin sold 1,750,000 shares of Healthways stock in a transaction that occurred on Tuesday, August 1st. The stock was 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 have sold a total of 1,772,445 shares of company stock worth $67,176,999 over the last three months. 8.42% of the stock is currently owned by corporate insiders.
About Healthways
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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