Tivity Health (TVTY) Downgraded to “Hold” at Zacks Investment Research

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Zacks Investment Research lowered shares of Tivity Health (NASDAQ:TVTY) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

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. “

Other equities analysts have also recently issued reports about the stock. BidaskClub upgraded shares of Tivity Health from a hold rating to a buy rating in a research report on Friday, October 19th. Cantor Fitzgerald dropped their target price on shares of Tivity Health from $52.00 to $49.00 and set an overweight rating for the company in a research report on Monday. Barrington Research restated a buy rating and issued a $50.00 target price on shares of Tivity Health in a research report on Tuesday, November 6th. Chardan Capital dropped their target price on shares of Tivity Health from $43.00 to $41.00 and set a buy rating for the company in a research report on Tuesday, November 6th. Finally, ValuEngine upgraded shares of Tivity Health from a sell rating to a hold rating in a research report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $42.86.

Shares of NASDAQ:TVTY opened at $26.06 on Tuesday. The company has a market capitalization of $1.07 billion, a PE ratio of 15.51, a PEG ratio of 1.11 and a beta of 0.67. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.15. Tivity Health has a 12 month low of $25.35 and a 12 month high of $44.35.

Tivity Health (NASDAQ:TVTY) last issued its earnings results on Monday, November 5th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. The company had revenue of $151.50 million during the quarter, compared to analysts’ expectations of $153.87 million. Tivity Health had a net margin of 13.29% and a return on equity of 28.25%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.46 EPS. As a group, research analysts expect that Tivity Health will post 2.18 EPS for the current year.

In related news, CEO Donato Tramuto sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $38.25, for a total transaction of $1,338,750.00. Following the completion of the transaction, the chief executive officer now directly owns 334,743 shares in the company, valued at approximately $12,803,919.75. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.73% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE increased its position in Tivity Health by 11.2% during the 2nd quarter. US Bancorp DE now owns 32,851 shares of the company’s stock worth $1,156,000 after purchasing an additional 3,302 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in Tivity Health by 31.5% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 880,731 shares of the company’s stock worth $28,316,000 after purchasing an additional 211,051 shares in the last quarter. ClariVest Asset Management LLC increased its position in Tivity Health by 47.8% during the 2nd quarter. ClariVest Asset Management LLC now owns 5,879 shares of the company’s stock worth $207,000 after purchasing an additional 1,902 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Tivity Health by 2.2% during the 3rd quarter. Wells Fargo & Company MN now owns 1,175,870 shares of the company’s stock worth $37,804,000 after acquiring an additional 25,326 shares during the last quarter. Finally, Ardsley Advisory Partners bought a new stake in Tivity Health during the 2nd quarter worth approximately $528,000.

About Tivity Health

Tivity Health, Inc provides fitness and health improvement programs in the United States. The company offers SilverSneakers senior fitness program to the members of Medicare advantage, Medicare supplement, and group retiree plans; and Prime fitness, a fitness facility access program through commercial health plans and employers.

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