Tivity Health (NASDAQ:TVTY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
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. “
Several other brokerages have also weighed in on TVTY. Oppenheimer lowered their target price on shares of Tivity Health from $44.00 to $34.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 11th. ValuEngine lowered shares of Tivity Health from a “sell” rating to a “strong sell” rating in a research report on Monday, January 7th. Chardan Capital lowered their target price on shares of Tivity Health from $43.00 to $41.00 and set a “buy” rating on the stock in a research report on Tuesday, November 6th. Cantor Fitzgerald restated a “buy” rating and set a $49.00 target price on shares of Tivity Health in a research report on Monday, November 5th. Finally, Barrington Research restated a “buy” rating and set a $50.00 target price on shares of Tivity Health in a research report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $42.29.
Shares of TVTY opened at $24.93 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.15. Tivity Health has a twelve month low of $23.71 and a twelve month high of $44.35. The stock has a market cap of $998.20 million, a price-to-earnings ratio of 14.84, a P/E/G ratio of 0.94 and a beta of 1.24.
Tivity Health (NASDAQ:TVTY) last issued its earnings results on Monday, November 5th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. Tivity Health had a net margin of 13.29% and a return on equity of 28.25%. The company had revenue of $151.50 million for the quarter, compared to analyst estimates of $153.87 million. During the same period in the prior year, the business posted $0.46 earnings per share. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts anticipate that Tivity Health will post 2.18 EPS for the current year.
In other Tivity Health news, CEO Donato Tramuto sold 35,000 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $38.25, for a total value of $1,338,750.00. Following the sale, the chief executive officer now owns 334,743 shares of the company’s stock, valued at $12,803,919.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.73% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Tivity Health by 31.5% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 880,731 shares of the company’s stock valued at $28,316,000 after purchasing an additional 211,051 shares in the last quarter. Putnam Investments LLC purchased a new stake in shares of Tivity Health in the third quarter valued at about $1,183,000. Freestone Capital Holdings LLC lifted its holdings in shares of Tivity Health by 3.1% in the third quarter. Freestone Capital Holdings LLC now owns 285,534 shares of the company’s stock valued at $9,180,000 after purchasing an additional 8,483 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Tivity Health by 2.2% in the third quarter. Wells Fargo & Company MN now owns 1,175,870 shares of the company’s stock valued at $37,804,000 after purchasing an additional 25,326 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Tivity Health by 2.5% during the third quarter. Deutsche Bank AG now owns 675,227 shares of the company’s stock valued at $21,707,000 after buying an additional 16,675 shares during the period.
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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