New York State Teachers Retirement System raised its position in Healthways, Inc. (NASDAQ:TVTY) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 111,510 shares of the company’s stock after acquiring an additional 1,700 shares during the quarter. New York State Teachers Retirement System owned approximately 0.28% of Healthways worth $4,550,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Flinton Capital Management LLC lifted its stake in Healthways by 63.5% in the second quarter. Flinton Capital Management LLC now owns 3,502 shares of the company’s stock valued at $139,000 after acquiring an additional 1,360 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in Healthways by 69.7% in the second quarter. Riverhead Capital Management LLC now owns 3,564 shares of the company’s stock valued at $142,000 after acquiring an additional 1,464 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Healthways in the third quarter valued at $279,000. Piedmont Investment Advisors LLC bought a new position in shares of Healthways in the second quarter valued at about $290,000. Finally, UBS Asset Management Americas Inc. bought a new position in shares of Healthways in the first quarter valued at about $242,000.
Several equities analysts have recently weighed in on TVTY shares. Barrington Research increased their price objective on shares of Healthways from $35.00 to $44.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Zacks Investment Research lowered shares of Healthways from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Chardan Capital started coverage on shares of Healthways in a research report on Tuesday, August 29th. They issued a “neutral” rating and a $40.00 price objective on the stock. ValuEngine raised shares of Healthways from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $46.00 price objective on shares of Healthways in a research report on Monday, September 25th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $46.25.
Healthways, Inc. (NASDAQ TVTY) opened at $32.90 on Friday. Healthways, Inc. has a 1 year low of $20.60 and a 1 year high of $48.50. The company has a market cap of $1,303.40, a PE ratio of 20.06, a P/E/G ratio of 1.87 and a beta of 0.27. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.61 and a current ratio of 0.60.
Healthways (NASDAQ:TVTY) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. Healthways had a net margin of 11.45% and a return on equity of 30.23%. The business had revenue of $137.70 million for the quarter, compared to analyst estimates of $137.95 million. Healthways’s quarterly revenue was up 10.2% on a year-over-year basis. analysts anticipate that Healthways, Inc. will post 1.6 EPS for the current year.
In related news, Director Conan Laughlin sold 120,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $47.52, for a total transaction of $5,702,400.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Mary Flipse sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $48.11, for a total transaction of $240,550.00. Following the transaction, the insider now directly owns 45,167 shares in the company, valued at $2,172,984.37. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 183,218 shares of company stock worth $8,200,064. 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.
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