Healthways, Inc. (TVTY) Rating Reiterated by SunTrust Banks, Inc.

Healthways, Inc. (NASDAQ:TVTY)‘s stock had its “buy” rating reaffirmed by SunTrust Banks, Inc. in a research note issued on Thursday. They presently have a $46.00 price target on the stock. SunTrust Banks, Inc.’s target price indicates a potential upside of 11.92% from the stock’s previous close.

Several other research analysts have also recently issued reports on TVTY. Jefferies Group LLC restated a “buy” rating and issued a $36.00 target price on shares of Healthways in a report on Friday, June 16th. UBS AG upped their target price on shares of Healthways from $37.00 to $43.00 and gave the company a “buy” rating in a report on Friday, June 23rd. Barrington Research upped their target price on shares of Healthways from $35.00 to $44.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Zacks Investment Research cut shares of Healthways from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Chardan Capital started coverage on shares of Healthways in a report on Tuesday, August 29th. They issued a “neutral” rating and a $40.00 target price for the company. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Healthways currently has a consensus rating of “Buy” and an average target price of $43.14.

Shares of Healthways (NASDAQ:TVTY) opened at 41.10 on Thursday. Healthways has a 12 month low of $19.25 and a 12 month high of $43.00. The company’s 50-day moving average price is $39.49 and its 200-day moving average price is $36.26. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 18.51 and a beta of 0.38.

Healthways (NASDAQ:TVTY) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.38 by $0.03. Healthways had a net margin of 17.30% and a return on equity of 29.81%. The company had revenue of $138.90 million during the quarter, compared to analysts’ expectations of $138.15 million. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. Analysts anticipate that Healthways will post $1.53 EPS for the current year.

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In related news, insider Glenn Hargreaves sold 23,448 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $37.78, for a total value of $885,865.44. Following the completion of the sale, the insider now owns 62,211 shares in the company, valued at approximately $2,350,331.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Mary Flipse sold 1,340 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $37.32, for a total transaction of $50,008.80. Following the completion of the sale, the insider now owns 75,187 shares of the company’s stock, valued at approximately $2,805,978.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,824,858 shares of company stock valued at $69,172,017. 8.42% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. purchased a new stake in Healthways in the 1st quarter valued at $135,544,000. BlackRock Inc. purchased a new stake in Healthways in the 1st quarter valued at $123,015,000. Dimensional Fund Advisors LP purchased a new stake in Healthways in the 1st quarter valued at $70,660,000. Lord Abbett & CO. LLC raised its position in Healthways by 158.7% in the 2nd quarter. Lord Abbett & CO. LLC now owns 745,372 shares of the company’s stock valued at $29,704,000 after purchasing an additional 457,285 shares during the last quarter. Finally, Geode Capital Management LLC purchased a new stake in Healthways in the 1st quarter valued at $14,353,000.

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.

Analyst Recommendations for Healthways (NASDAQ:TVTY)

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