Tivity Health (NASDAQ:TVTY) Rating Increased to Hold at Zacks Investment Research

Tivity Health (NASDAQ:TVTY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Friday, January 12th.

According to Zacks, “Tivity Health, Inc. provides health management services. The company offers services which include chiropractic services, physical therapy, occupational therapy, speech therapy, acupuncture, massage and complementary and alternative medicine services. Its network comprises SilverSneakers(R), Prime(R) Fitness and WholeHealth Living (TM). Tivity Health, Inc., formerly known as Healthways, Inc., is based in Franklin, Tennessee. “

TVTY has been the subject of a number of other reports. ValuEngine lowered Tivity Health from a “buy” rating to a “hold” rating in a research report on Monday, November 6th. Chardan Capital reiterated a “neutral” rating and issued a $44.00 price objective (up from $40.00) on shares of Tivity Health in a report on Friday, October 27th. Cantor Fitzgerald restated a “buy” rating and set a $45.00 price target on shares of Tivity Health in a research note on Monday, November 6th. Jefferies Group restated a “buy” rating and set a $46.00 price target on shares of Tivity Health in a research note on Monday, September 25th. Finally, Oppenheimer increased their price objective on Tivity Health from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Tivity Health has a consensus rating of “Buy” and a consensus target price of $46.25.

Shares of Tivity Health (TVTY) traded up $0.25 on Friday, reaching $38.05. The company’s stock had a trading volume of 513,200 shares, compared to its average volume of 459,633. Tivity Health has a 12 month low of $20.60 and a 12 month high of $48.50. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.02. The firm has a market cap of $1,497.52, a PE ratio of 25.71, a P/E/G ratio of 2.00 and a beta of 0.18.

Tivity Health (NASDAQ:TVTY) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.10. Tivity Health had a return on equity of 30.23% and a net margin of 11.45%. The business had revenue of $137.70 million during the quarter, compared to analysts’ expectations of $137.95 million. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. equities research analysts predict that Tivity Health will post 1.6 EPS for the current fiscal year.

In other news, insider Mary Flipse sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $48.11, for a total transaction of $240,550.00. Following the completion of the transaction, the insider now directly owns 45,167 shares of the company’s stock, valued at approximately $2,172,984.37. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Conan Laughlin sold 120,000 shares of Tivity Health stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $47.52, for a total transaction of $5,702,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 875,892 shares of company stock valued at $31,815,642. 8.42% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Chartwell Investment Partners LLC lifted its holdings in shares of Tivity Health by 194.6% during the 3rd quarter. Chartwell Investment Partners LLC now owns 111,754 shares of the company’s stock valued at $4,559,000 after acquiring an additional 73,819 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in Tivity Health by 20.4% in the 3rd quarter. Nationwide Fund Advisors now owns 238,768 shares of the company’s stock worth $9,742,000 after buying an additional 40,492 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in Tivity Health by 587.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,633,016 shares of the company’s stock worth $66,627,000 after buying an additional 1,395,539 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in Tivity Health in the 3rd quarter worth $279,000. Finally, Eaton Vance Management acquired a new position in Tivity Health in the 2nd quarter worth $625,000.

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About Tivity Health

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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