Handelsinvest Investeringsforvaltning Purchases New Position in Tivity Health Inc (TVTY)

Handelsinvest Investeringsforvaltning bought a new stake in Tivity Health Inc (NASDAQ:TVTY) during the 4th quarter, HoldingsChannel.com reports. The firm bought 68,972 shares of the company’s stock, valued at approximately $1,711,000.

Several other hedge funds also recently made changes to their positions in the business. NEXT Financial Group Inc acquired a new stake in shares of Tivity Health in the 3rd quarter valued at approximately $104,000. Stone Ridge Asset Management LLC purchased a new stake in Tivity Health during the third quarter valued at about $213,000. Pacer Advisors Inc. grew its position in Tivity Health by 143.3% during the third quarter. Pacer Advisors Inc. now owns 6,759 shares of the company’s stock valued at $217,000 after acquiring an additional 3,981 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Tivity Health by 31.7% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,551 shares of the company’s stock valued at $307,000 after acquiring an additional 2,297 shares during the period. Finally, PEAK6 Investments LLC acquired a new position in shares of Tivity Health during the third quarter worth about $310,000.

In other Tivity Health news, CEO Donato Tramuto sold 35,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $38.25, for a total transaction of $1,338,750.00. Following the sale, the chief executive officer now owns 334,743 shares in the company, valued at $12,803,919.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.73% of the company’s stock.

Several research firms recently commented on TVTY. Zacks Investment Research cut Tivity Health from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. Oppenheimer cut their price target on Tivity Health from $44.00 to $34.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 11th. ValuEngine cut Tivity Health from a “sell” rating to a “strong sell” rating in a research note on Monday, January 7th. BidaskClub cut Tivity Health from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 16th. Finally, Chardan Capital cut their price target on Tivity Health from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, November 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $42.29.

Shares of NASDAQ:TVTY traded down $0.21 during trading on Tuesday, hitting $23.37. The company’s stock had a trading volume of 112,806 shares, compared to its average volume of 776,900. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.98 and a current ratio of 0.98. Tivity Health Inc has a fifty-two week low of $23.41 and a fifty-two week high of $44.35. The stock has a market cap of $949.09 million, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 0.90 and a beta of 1.24.

Tivity Health (NASDAQ:TVTY) last announced its quarterly earnings data on Monday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Tivity Health had a return on equity of 28.25% and a net margin of 13.29%. The firm had revenue of $151.50 million for the quarter, compared to analysts’ expectations of $153.87 million. During the same quarter in the prior year, the firm posted $0.46 earnings per share. Tivity Health’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, equities research analysts predict that Tivity Health Inc will post 2.18 EPS for the current year.

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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.

Read More: What is the Coverage Ratio?

Want to see what other hedge funds are holding TVTY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tivity Health Inc (NASDAQ:TVTY).

Institutional Ownership by Quarter for Tivity Health (NASDAQ:TVTY)

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