Zacks Investment Research Upgrades Healthways, Inc. (TVTY) to “Buy”

Healthways, Inc. (NASDAQ:TVTY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm presently has a $52.00 target price on the stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.43% from the company’s current price.

According to Zacks, “Tivity Health, Inc. provides health management services. The company offers services which include chiropractic services, physical therapy, occupational therapy, speech therapy, acupuncture, massage and complementary and alternative medicine services. Its network comprises SilverSneakers(R), Prime(R) Fitness and WholeHealth Living (TM). Tivity Health, Inc., formerly known as Healthways, Inc., is based in Franklin, Tennessee. “

Other analysts have also issued research reports about the company. Jefferies Group LLC reiterated a “buy” rating and issued a $46.00 target price on shares of Healthways in a research note on Monday, September 25th. ValuEngine upgraded Healthways from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. SunTrust Banks, Inc. set a $50.00 target price on Healthways and gave the stock a “buy” rating in a research note on Friday, October 27th. Chardan Capital reiterated a “neutral” rating and issued a $44.00 target price (up previously from $40.00) on shares of Healthways in a research note on Friday, October 27th. Finally, Barrington Research increased their target price on 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, seven have issued a buy rating and one has issued a strong buy rating to the company. Healthways presently has a consensus rating of “Buy” and a consensus target price of $46.38.

Healthways (NASDAQ:TVTY) last released its earnings results on Thursday, October 26th. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. Healthways had a return on equity of 30.23% and a net margin of 11.45%. The business had revenue of $137.70 million for the quarter, compared to analyst estimates of $137.95 million. The company’s revenue was up 10.2% on a year-over-year basis.

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In other news, insider Mary Flipse sold 1,340 shares of the firm’s stock in a transaction 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 owns 75,187 shares in the company, valued at $2,805,978.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Glenn Hargreaves sold 21,105 shares of the firm’s stock in a transaction 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 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. In the last 90 days, insiders have sold 74,858 shares of company stock worth $2,847,017. Insiders own 8.42% of the company’s stock.

Several institutional investors have recently made changes to their positions in TVTY. UBS Asset Management Americas Inc. purchased a new position in shares of Healthways during the first quarter valued at $242,000. Karp Capital Management Corp purchased a new position in shares of Healthways during the first quarter valued at $225,000. Parametric Portfolio Associates LLC purchased a new position in shares of Healthways during the first quarter valued at $2,640,000. Prudential Financial Inc. purchased a new position in shares of Healthways during the first quarter valued at $1,672,000. Finally, American International Group Inc. purchased a new position in shares of Healthways during the first quarter valued at $571,000.

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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