Catasys, Inc. (NASDAQ:CATS) Holdings Reduced by Weber Alan W

Weber Alan W trimmed its holdings in Catasys, Inc. (NASDAQ:CATS) by 43.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 26,365 shares of the company’s stock after selling 20,500 shares during the period. Weber Alan W owned approximately 0.16% of Catasys worth $247,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CATS. Uniplan Investment Counsel Inc. purchased a new position in shares of Catasys during the third quarter worth about $3,511,000. Vanguard Group Inc grew its holdings in shares of Catasys by 53.8% during the third quarter. Vanguard Group Inc now owns 171,813 shares of the company’s stock worth $2,208,000 after buying an additional 60,090 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Catasys by 53.8% during the third quarter. Vanguard Group Inc. now owns 171,813 shares of the company’s stock worth $2,208,000 after buying an additional 60,090 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Catasys by 9.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 143,756 shares of the company’s stock worth $1,347,000 after buying an additional 12,742 shares during the last quarter. Finally, Barclays PLC purchased a new position in shares of Catasys during the fourth quarter worth about $455,000. Institutional investors own 10.81% of the company’s stock.

Shares of Catasys stock traded up $0.76 during trading on Monday, hitting $13.25. 113,964 shares of the company were exchanged, compared to its average volume of 186,466. Catasys, Inc. has a fifty-two week low of $4.83 and a fifty-two week high of $15.01. The company has a market capitalization of $208.25 million, a P/E ratio of -14.89 and a beta of 1.97.

Catasys (NASDAQ:CATS) last issued its quarterly earnings data on Thursday, March 14th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.16. The company had revenue of $5.62 million for the quarter, compared to analyst estimates of $5.02 million. As a group, equities research analysts expect that Catasys, Inc. will post -0.87 earnings per share for the current fiscal year.

In other news, major shareholder David E. Smith sold 43,037 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $13.86, for a total transaction of $596,492.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder David E. Smith sold 7,643 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $13.95, for a total transaction of $106,619.85. The disclosure for this sale can be found here. Insiders have sold a total of 130,544 shares of company stock valued at $1,832,373 over the last three months. Corporate insiders own 73.80% of the company’s stock.

A number of equities analysts recently issued reports on CATS shares. TheStreet lowered Catasys from a “c” rating to a “d+” rating in a report on Wednesday, December 26th. ValuEngine downgraded shares of Catasys from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 4th. Zacks Investment Research downgraded shares of Catasys from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 11th. initiated coverage on shares of Catasys in a research report on Wednesday, February 13th. They set an “outperform” rating and a $16.00 price target for the company. Finally, Oppenheimer initiated coverage on shares of Catasys in a research report on Thursday, February 14th. They set an “outperform” rating and a $16.00 price target for the company. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $15.20.

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Catasys Profile

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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Institutional Ownership by Quarter for Catasys (NASDAQ:CATS)

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