Tivity Health (TVTY) Stock Rating Lowered by Zacks Investment Research

Tivity Health (NASDAQ:TVTY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued 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. “

A number of other research firms have also commented on TVTY. Barrington Research reiterated an “outperform” rating and set a $40.00 price target (down from $46.00) on shares of Tivity Health in a report on Tuesday, November 7th. ValuEngine lowered shares of Tivity Health from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. SunTrust Banks set a $50.00 price target on shares of Tivity Health and gave the company a “buy” rating in a report on Friday, October 27th. 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. Finally, Jefferies Group reiterated a “buy” rating and set a $46.00 price target on shares of Tivity Health in a report on Monday, September 25th. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $46.25.

Shares of Tivity Health (NASDAQ:TVTY) traded up $0.22 during trading on Thursday, hitting $36.72. 232,000 shares of the stock were exchanged, compared to its average volume of 496,851. Tivity Health has a 12 month low of $20.60 and a 12 month high of $48.50. The stock has a market cap of $1,450.00, a PE ratio of 23.54, a price-to-earnings-growth ratio of 2.07 and a beta of 0.18. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.02.

Tivity Health (NASDAQ:TVTY) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.10. Tivity Health had a net margin of 14.44% and a return on equity of 32.12%. The company had revenue of $137.70 million during the quarter, compared to analysts’ expectations of $137.95 million. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. analysts predict that Tivity Health will post 1.6 earnings per share for the current year.

In other Tivity Health news, Director Conan Laughlin sold 115,087 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $33.87, for a total value of $3,897,996.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Glenn Hargreaves sold 5,805 shares of the company’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $45.15, for a total transaction of $262,095.75. Following the completion of the transaction, the chief accounting officer now owns 44,448 shares of the company’s stock, valued at $2,006,827.20. The disclosure for this sale can be found here. Insiders sold a total of 875,892 shares of company stock valued at $31,815,642 over the last 90 days. Company insiders own 8.42% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Neuberger Berman Group LLC raised 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 purchasing an additional 1,395,539 shares in the last quarter. Sawgrass Asset Management LLC raised its holdings in Tivity Health by 31.6% in the 3rd quarter. Sawgrass Asset Management LLC now owns 7,755 shares of the company’s stock worth $316,000 after purchasing an additional 1,860 shares in the last quarter. Chartwell Investment Partners LLC raised its holdings in Tivity Health by 194.6% in the 3rd quarter. Chartwell Investment Partners LLC now owns 111,754 shares of the company’s stock worth $4,559,000 after purchasing an additional 73,819 shares in the last quarter. Lbmc Investment Advisors LLC increased its stake in shares of Tivity Health by 296.3% in the 3rd quarter. Lbmc Investment Advisors LLC now owns 30,477 shares of the company’s stock worth $1,243,000 after acquiring an additional 22,787 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Tivity Health in the 3rd quarter worth about $210,000.

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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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