Healthways, Inc. (NASDAQ:TVTY) – Oppenheimer Holdings cut their Q4 2017 earnings per share (EPS) estimates for Healthways in a report issued on Friday. Oppenheimer Holdings analyst M. Naidu now expects that the company will post earnings per share of $0.32 for the quarter, down from their prior estimate of $0.34. Oppenheimer Holdings also issued estimates for Healthways’ Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.43 EPS, FY2018 earnings at $1.70 EPS, Q1 2019 earnings at $0.46 EPS, Q2 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.48 EPS and FY2019 earnings at $1.89 EPS.
Healthways (NASDAQ:TVTY) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.10. Healthways had a return on equity of 30.23% and a net margin of 11.45%. The company had revenue of $137.70 million for the quarter, compared to analysts’ expectations of $137.95 million. Healthways’s quarterly revenue was up 10.2% on a year-over-year basis.
A number of other equities analysts also recently issued reports on the company. SunTrust Banks, Inc. set a $50.00 price target on Healthways and gave the stock a “buy” rating in a research report on Friday, October 27th. ValuEngine upgraded Healthways from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating and set a $46.00 price target on shares of Healthways in a research report on Monday, September 25th. Zacks Investment Research upgraded Healthways from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Tuesday. Finally, Chardan Capital reiterated a “neutral” rating and set a $44.00 price target (up previously from $40.00) on shares of Healthways in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Healthways currently has a consensus rating of “Buy” and an average price target of $45.25.
Healthways (TVTY) traded down 1.51% on Monday, reaching $45.55. The company had a trading volume of 248,311 shares. The stock has a market capitalization of $1.79 billion, a P/E ratio of 20.52 and a beta of 0.38. Healthways has a 1-year low of $19.25 and a 1-year high of $47.90. The stock’s 50 day moving average is $40.73 and its 200-day moving average is $37.47.
In other news, insider Mary Flipse sold 7,808 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $39.00, for a total value of $304,512.00. Following the transaction, the insider now owns 57,975 shares in the company, valued at $2,261,025. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Glenn Hargreaves sold 21,105 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $38.00, for a total value of $801,990.00. Following the completion of the transaction, the insider now owns 59,077 shares in the company, valued at approximately $2,244,926. The disclosure for this sale can be found here. Insiders have sold 74,858 shares of company stock worth $2,847,017 in the last quarter. 8.42% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flinton Capital Management LLC lifted its position in shares of 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 in the last quarter. Riverhead Capital Management LLC lifted its position in shares of 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 in the last quarter. Karp Capital Management Corp purchased a new position in shares of Healthways in the first quarter valued at approximately $225,000. UBS Asset Management Americas Inc. purchased a new position in shares of Healthways in the first quarter valued at approximately $242,000. Finally, California Public Employees Retirement System purchased a new position in shares of Healthways in the first quarter valued at approximately $247,000.
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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