Rutabaga Capital Managementma buys $14,775,444 stake in Healthways (HWAY)

Healthways (HWAY) : Rutabaga Capital Managementma scooped up 677,677 additional shares in Healthways during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 866,087 shares of Healthways which is valued at $14,775,444.Healthways makes up approximately 2.56% of Rutabaga Capital Managementma’s portfolio.

Other Hedge Funds, Including , American Capital Management Inc reduced its stake in HWAY by selling 65 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 901,595 shares of HWAY which is valued at $15,381,211. Healthways makes up approx 1.23% of American Capital Management Inc’s portfolio. Quantitative Systematic Strategies added HWAY to its portfolio by purchasing 10,262 company shares during the most recent quarter which is valued at $172,812. Healthways makes up approx 0.07% of Quantitative Systematic Strategies’s portfolio. Lucus Advisors sold out all of its stake in HWAY during the most recent quarter. The investment firm sold 46,050 shares of HWAY which is valued $560,889. Acadian Asset Management sold out all of its stake in HWAY during the most recent quarter. The investment firm sold 3,805 shares of HWAY which is valued $46,002.

Healthways opened for trading at $17.67 and hit $18 on the upside on Monday, eventually ending the session at $17.87, with a gain of 0.62% or 0.11 points. The heightened volatility saw the trading volume jump to 3,68,141 shares. Company has a market cap of $646 M.

On the company’s financial health, Healthways reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.53 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.01. The company had revenue of $125.00 million for the quarter, compared to analysts expectations of $190.21 million. The company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

Many Wall Street Analysts have commented on Healthways. Company shares were Reiterated by Piper Jaffray on Aug 10, 2016 to “Overweight”, Firm has raised the Price Target to $ 25.50 from a previous price target of $15 .Company shares were Reiterated by FBR Capital on Aug 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 21 from a previous price target of $16 .

Healthways Inc. (Healthways) provides total population health management solutions designed to help people improve well-being thereby improving health and productivity and reducing health-related costs. The Company’s well-being improvement programs provide personalized solutions for any individual irrespective of the health status age or paying sponsor. Its population health platform using analytics and predictive models enables to stratify the population develop individualized well-being improvement plans and deliver action-based solutions to improve individual and organizational performance. Through this data-driven process the Company identifies the needs of each individual in a population and determines the right level of support. The Company’s services are delivered using venue-based face-to-face interactions; print; phone; mobile and remote devices; online including social networks and any combination of these methods to motivate and sustain healthy behaviors.

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