Tivity Health (NASDAQ:TVTY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.
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. “
TVTY has been the topic of several other research reports. Oppenheimer upped their price objective on shares of Tivity Health from $47.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, November 1st. Chardan Capital reissued a “neutral” rating and set a $41.00 price objective (down previously from $44.00) on shares of Tivity Health in a research note on Friday, February 23rd. ValuEngine downgraded shares of Tivity Health from a “buy” rating to a “hold” rating in a research note on Monday, November 6th. Cantor Fitzgerald reissued a “buy” rating and set a $45.00 price objective on shares of Tivity Health in a research note on Monday, November 6th. Finally, Barrington Research reissued an “outperform” rating and set a $40.00 price objective (down previously from $46.00) on shares of Tivity Health in a research note on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Tivity Health presently has an average rating of “Buy” and a consensus price target of $46.88.
Tivity Health (NASDAQ:TVTY) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.09. The business had revenue of $139.40 million for the quarter, compared to the consensus estimate of $138.22 million. Tivity Health had a net margin of 11.44% and a return on equity of 29.17%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 earnings per share. research analysts forecast that Tivity Health will post 2.15 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of TVTY. Nationwide Fund Advisors raised its stake in Tivity Health by 20.4% during the third quarter. Nationwide Fund Advisors now owns 238,768 shares of the company’s stock worth $9,742,000 after purchasing an additional 40,492 shares during the period. Crossmark Global Holdings Inc. purchased a new position in Tivity Health during the third quarter worth approximately $279,000. New York State Teachers Retirement System raised its stake in Tivity Health by 1.5% during the third quarter. New York State Teachers Retirement System now owns 111,510 shares of the company’s stock worth $4,550,000 after purchasing an additional 1,700 shares during the period. SG Americas Securities LLC purchased a new position in Tivity Health during the third quarter worth approximately $210,000. Finally, Lbmc Investment Advisors LLC raised its stake in Tivity Health by 296.3% during the third quarter. Lbmc Investment Advisors LLC now owns 30,477 shares of the company’s stock worth $1,243,000 after purchasing an additional 22,787 shares during the period.
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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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