4,657,878 Shares in Healthways, Inc. (NASDAQ:TVTY) Acquired by Vanguard Group Inc.
Vanguard Group Inc. bought a new stake in Healthways, Inc. (NASDAQ:TVTY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,657,878 shares of the company’s stock, valued at approximately $135,544,000. Vanguard Group Inc. owned 11.89% of Healthways at the end of the most recent reporting period.
A number of other hedge funds have also bought and sold shares of the company. Marshall Wace North America L.P. purchased a new stake in Healthways during the first quarter valued at about $372,000. MARSHALL WACE ASIA Ltd bought a new position in Healthways during the first quarter valued at approximately $372,000. Legal & General Group Plc bought a new position in Healthways during the first quarter valued at approximately $1,664,000. Laurion Capital Management LP bought a new position in Healthways during the first quarter valued at approximately $5,080,000. Finally, Royce & Associates LP bought a new position in Healthways during the first quarter valued at approximately $13,019,000.
Shares of Healthways, Inc. (TVTY) traded up 4.04% on Friday, hitting $37.30. 652,501 shares of the stock traded hands. The stock has a 50 day moving average of $38.90 and a 200-day moving average of $32.98. The stock has a market cap of $1.47 billion, a PE ratio of 16.80 and a beta of 0.37. Healthways, Inc. has a 1-year low of $19.25 and a 1-year high of $41.55.
Healthways (NASDAQ:TVTY) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.03. The business had revenue of $138.90 million for the quarter, compared to analysts’ expectations of $138.15 million. Healthways had a return on equity of 29.81% and a net margin of 17.30%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities research analysts expect that Healthways, Inc. will post $1.52 EPS for the current year.
TVTY has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Healthways from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. 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 note on Friday, July 28th. BidaskClub upgraded shares of Healthways from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Cantor Fitzgerald increased their target price on shares of Healthways from $34.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, June 9th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $36.00 target price on shares of Healthways in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating, one has issued 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 a consensus rating of “Buy” and an average target price of $38.25.
In other 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 sale was disclosed in a document filed with the SEC, which is available through this link. 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 owns 59,077 shares in the company, valued at $2,244,926. The disclosure for this sale can be found here. Insiders sold a total of 1,772,445 shares of company stock worth $67,176,999 over the last ninety days. Insiders own 8.42% of the company’s stock.
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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