Healthways, Inc. (TVTY) Trading Up 16.6% Following Better-Than-Expected Earnings

Healthways, Inc. (NASDAQ:TVTY) shares were up 16.6% on Friday following a better than expected earnings announcement. The stock traded as high as $47.20 and last traded at $46.05. Approximately 1,605,639 shares traded hands during mid-day trading, an increase of 286% from the average daily volume of 415,618 shares. The stock had previously closed at $39.50.

The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.10. The company had revenue of $137.70 million during the quarter, compared to analysts’ expectations of $137.95 million. Healthways had a return on equity of 32.02% and a net margin of 11.45%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year.



TVTY has been the topic of several recent research reports. Zacks Investment Research upgraded Healthways from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Chardan Capital initiated coverage on Healthways in a research report on Tuesday, August 29th. They issued a “neutral” rating and a $40.00 price target on the stock. ValuEngine lowered Healthways from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Barrington Research raised their price target on Healthways from $35.00 to $44.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $46.00 price target on shares of Healthways in a research report on Monday, September 25th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Healthways currently has a consensus rating of “Buy” and a consensus price target of $43.71.

In other Healthways news, Director Conan Laughlin sold 1,750,000 shares of Healthways stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $37.90, for a total transaction of $66,325,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Glenn Hargreaves sold 7,137 shares of Healthways stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $40.00, for a total value of $285,480.00. Following the transaction, the insider now owns 52,180 shares in the company, valued at $2,087,200. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,824,858 shares of company stock worth $69,172,017. Corporate insiders own 8.42% of the company’s stock.

A number of hedge funds have recently bought and sold shares of TVTY. Vanguard Group Inc. bought a new position in Healthways during the first quarter worth about $135,544,000. BlackRock Inc. bought a new position in Healthways during the first quarter worth about $123,015,000. Dimensional Fund Advisors LP bought a new position in Healthways during the first quarter worth about $70,660,000. Geode Capital Management LLC bought a new position in Healthways during the first quarter worth about $14,353,000. Finally, Lord Abbett & CO. LLC lifted its holdings in Healthways by 158.7% during the second quarter. Lord Abbett & CO. LLC now owns 745,372 shares of the company’s stock worth $29,704,000 after acquiring an additional 457,285 shares in the last quarter.

The firm has a market cap of $1.81 billion, a PE ratio of 20.74 and a beta of 0.38. The firm has a 50-day moving average of $40.06 and a 200-day moving average of $37.02.

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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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