Morgan Stanley Invests $3.77 Million in Healthways, Inc. (TVTY)
Morgan Stanley acquired a new position in shares of Healthways, Inc. (NASDAQ:TVTY) during the first quarter, Holdings Channel reports. The fund acquired 129,667 shares of the company’s stock, valued at approximately $3,773,000.
A number of other large investors have also recently made changes to their positions in TVTY. Vanguard Group Inc. purchased a new stake in shares of Healthways during the first quarter worth about $135,544,000. Wells Fargo & Company MN purchased a new stake in shares of Healthways during the first quarter worth about $98,404,000. Dimensional Fund Advisors LP purchased a new stake in shares of Healthways during the first quarter worth about $70,660,000. JPMorgan Chase & Co. purchased a new stake in shares of Healthways during the first quarter worth about $34,618,000. Finally, Hood River Capital Management LLC purchased a new stake in shares of Healthways during the first quarter worth about $29,974,000.
Shares of Healthways, Inc. (TVTY) traded up 0.069% during midday trading on Wednesday, hitting $36.075. The stock had a trading volume of 46,598 shares. The stock’s 50 day moving average price is $39.14 and its 200 day moving average price is $32.85. Healthways, Inc. has a 12 month low of $19.25 and a 12 month high of $41.55. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 16.250 and a beta of 0.37.
Healthways (NASDAQ:TVTY) last issued its earnings results on Thursday, July 27th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.03. The company had revenue of $138.90 million for the quarter, compared to the consensus estimate of $138.15 million. Healthways had a return on equity of 29.81% and a net margin of 17.30%. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts forecast that Healthways, Inc. will post $1.52 EPS for the current fiscal year.
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TVTY has been the topic of a number of research reports. Zacks Investment Research upgraded Healthways from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research note on Tuesday, May 2nd. BidaskClub upgraded Healthways from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $41.00 price objective (up from $32.00) on shares of Healthways in a research note on Monday, May 1st. UBS AG boosted their price objective on Healthways from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, June 23rd. Finally, Barrington Research boosted their price objective on Healthways from $35.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $38.25.
In other Healthways news, 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Glenn Hargreaves sold 21,105 shares of Healthways stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $38.00, for a total value of $801,990.00. Following the completion of the sale, the insider now directly 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 a total of 1,772,445 shares of company stock worth $67,176,999 in the last three months. 8.42% of the stock is owned by corporate insiders.
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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