Catasys (CATS) Upgraded to “C” by TheStreet

TheStreet upgraded shares of Catasys (NASDAQ:CATS) from an e+ rating to a c rating in a report published on Thursday.

CATS has been the subject of several other reports. Zacks Investment Research raised Catasys from a sell rating to a hold rating in a report on Tuesday, August 21st. Canaccord Genuity increased their price objective on Catasys from $12.00 to $15.00 and gave the company a buy rating in a report on Wednesday, September 26th. Finally, ValuEngine raised Catasys from a buy rating to a strong-buy rating in a report on Tuesday, October 2nd.

Shares of Catasys stock opened at $11.71 on Thursday. The company has a market capitalization of $177.50 million, a price-to-earnings ratio of -13.78 and a beta of 1.16. Catasys has a 52 week low of $3.30 and a 52 week high of $14.29.

Catasys (NASDAQ:CATS) last announced its quarterly earnings results on Wednesday, November 14th. The company reported ($0.27) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.02. The company had revenue of $4.37 million for the quarter, compared to analyst estimates of $4.00 million. Catasys had a negative net margin of 122.75% and a negative return on equity of 546.50%. As a group, equities research analysts anticipate that Catasys will post -1.07 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of CATS. Uniplan Investment Counsel Inc. acquired a new stake in shares of Catasys in the third quarter valued at approximately $3,511,000. Janney Montgomery Scott LLC boosted its holdings in shares of Catasys by 340.0% in the second quarter. Janney Montgomery Scott LLC now owns 162,515 shares of the company’s stock valued at $1,092,000 after acquiring an additional 125,577 shares during the period. EAM Investors LLC acquired a new stake in shares of Catasys in the second quarter valued at approximately $679,000. Essex Investment Management Co. LLC acquired a new stake in shares of Catasys in the third quarter valued at approximately $1,255,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Catasys by 53.8% in the third quarter. Vanguard Group Inc. now owns 171,813 shares of the company’s stock valued at $2,208,000 after acquiring an additional 60,090 shares during the period. 9.13% of the stock is owned by institutional investors and hedge funds.

About Catasys

Catasys, Inc provides big data predictive analytics, artificial intelligence and telehealth, combined with human intervention services to health plans and other third party payors. It offers OnTrak solution to improve treatment outcomes and lower the utilization of medical and behavioral health plan services.

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