Catasys (NASDAQ:CATS) released its quarterly earnings results on Thursday. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.16, Morningstar.com reports. Catasys updated its FY 2019 guidance to EPS.
NASDAQ CATS opened at $10.98 on Friday. The firm has a market cap of $177.09 million, a P/E ratio of -12.91 and a beta of 1.95. Catasys has a fifty-two week low of $4.21 and a fifty-two week high of $14.29.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CATS. JPMorgan Chase & Co. raised its holdings in Catasys by 205.5% during the third quarter. JPMorgan Chase & Co. now owns 10,418 shares of the company’s stock valued at $134,000 after acquiring an additional 7,008 shares during the period. Engineers Gate Manager LP bought a new stake in Catasys during the third quarter valued at about $139,000. Ancora Advisors LLC bought a new stake in Catasys during the third quarter valued at about $191,000. B. Riley Wealth Management Inc. bought a new stake in Catasys during the third quarter valued at about $217,000. Finally, Northern Trust Corp raised its holdings in Catasys by 95.2% during the fourth quarter. Northern Trust Corp now owns 19,634 shares of the company’s stock valued at $184,000 after acquiring an additional 9,578 shares during the period. Institutional investors own 10.88% of the company’s stock.
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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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