Catasys (NASDAQ:CATS) Trading Up 5.8%

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Catasys, Inc. (NASDAQ:CATS) was up 5.8% on Thursday . The company traded as high as $15.60 and last traded at $15.60, approximately 221,207 shares were traded during mid-day trading. An increase of 73% from the average daily volume of 127,908 shares. The stock had previously closed at $14.75.

A number of analysts recently weighed in on CATS shares. ValuEngine upgraded Catasys from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Zacks Investment Research cut shares of Catasys from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, BidaskClub cut shares of Catasys from a “buy” rating to a “hold” rating in a research report on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $18.20.

The firm has a market cap of $244.96 million, a P/E ratio of -17.53 and a beta of 1.62. The stock’s 50-day simple moving average is $14.80 and its 200 day simple moving average is $16.65.

Catasys (NASDAQ:CATS) last issued its quarterly earnings results on Wednesday, November 13th. The company reported ($0.52) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.20). The business had revenue of $8.85 million for the quarter, compared to analyst estimates of $9.10 million. Equities analysts expect that Catasys, Inc. will post -1.1 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Catasys by 3,667.0% during the 2nd quarter. BlackRock Inc. now owns 460,664 shares of the company’s stock worth $8,855,000 after purchasing an additional 448,435 shares in the last quarter. Vanguard Group Inc. lifted its position in Catasys by 43.9% in the 2nd quarter. Vanguard Group Inc. now owns 389,307 shares of the company’s stock valued at $7,482,000 after acquiring an additional 118,792 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Catasys by 332.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 209,542 shares of the company’s stock valued at $4,027,000 after acquiring an additional 161,111 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Catasys by 23.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 207,175 shares of the company’s stock valued at $3,265,000 after acquiring an additional 38,921 shares in the last quarter. Finally, Westwood Management Corp IL lifted its position in Catasys by 127.3% in the 2nd quarter. Westwood Management Corp IL now owns 125,000 shares of the company’s stock valued at $2,402,000 after acquiring an additional 70,000 shares in the last quarter. 19.02% of the stock is currently owned by institutional investors.

Catasys Company Profile (NASDAQ:CATS)

Catasys, Inc provides big data predictive analytics, artificial intelligence and telehealth, combined with human intervention services to health plans and other third party payors. It offers OnTrak solution to improve treatment outcomes and lower the utilization of medical and behavioral health plan services.

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