BidaskClub Downgrades Tivity Health (TVTY) to Hold

BidaskClub lowered shares of Tivity Health (NASDAQ:TVTY) from a buy rating to a hold rating in a report published on Thursday, January 4th.

TVTY has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Tivity Health from a sell rating to a hold rating in a report on Wednesday, September 6th. Oppenheimer upped their price target on shares of Tivity Health from $47.00 to $50.00 and gave the company an outperform rating in a report on Wednesday, November 1st. ValuEngine cut shares of Tivity Health from a buy rating to a hold rating in a report on Monday, October 2nd. Jefferies Group restated a buy rating and set a $46.00 target price on shares of Tivity Health in a report on Monday, September 25th. Finally, SunTrust Banks restated a buy rating and set a $46.00 target price on shares of Tivity Health in a report on Thursday, October 12th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of $46.25.

Shares of Tivity Health (TVTY) remained flat at $$37.30 during midday trading on Thursday. The stock had a trading volume of 438,900 shares, compared to its average volume of 462,167. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $1,477.71, a P/E ratio of 25.20, a P/E/G ratio of 1.98 and a beta of 0.18. Tivity Health has a one year low of $20.60 and a one year high of $48.50.

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

In related news, Director Conan Laughlin sold 140,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $34.90, for a total value of $4,886,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 owns 45,167 shares of the company’s stock, valued at approximately $2,172,984.37. The disclosure for this sale can be found here. Insiders have sold 875,892 shares of company stock worth $31,815,642 over the last quarter. Corporate insiders own 8.42% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in TVTY. Flinton Capital Management LLC raised its holdings in Tivity Health by 63.5% during the 2nd quarter. Flinton Capital Management LLC now owns 3,502 shares of the company’s stock worth $139,000 after purchasing an additional 1,360 shares during the last quarter. Riverhead Capital Management LLC raised its holdings in Tivity Health by 69.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,564 shares of the company’s stock worth $142,000 after purchasing an additional 1,464 shares during the last quarter. SG Americas Securities LLC bought a new position in Tivity Health during the 3rd quarter worth approximately $210,000. Crossmark Global Holdings Inc. bought a new position in Tivity Health during the 3rd quarter worth approximately $279,000. Finally, Piedmont Investment Advisors LLC bought a new position in Tivity Health during the 2nd quarter worth approximately $290,000.

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Tivity Health Company Profile

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.

Analyst Recommendations for Tivity Health (NASDAQ:TVTY)

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