Goldman Sachs Group Inc. Boosts Stake in Tivity Health (TVTY)

Goldman Sachs Group Inc. grew its holdings in shares of Tivity Health (NASDAQ:TVTY) by 89.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,634 shares of the company’s stock after purchasing an additional 74,594 shares during the period. Goldman Sachs Group Inc. owned approximately 0.40% of Tivity Health worth $5,762,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Teacher Retirement System of Texas bought a new position in shares of Tivity Health during the 4th quarter valued at about $437,000. BlackRock Inc. boosted its position in shares of Tivity Health by 5.7% during the 4th quarter. BlackRock Inc. now owns 4,624,987 shares of the company’s stock valued at $169,043,000 after purchasing an additional 247,948 shares in the last quarter. Mondrian Investment Partners LTD boosted its position in shares of Tivity Health by 14.6% during the 4th quarter. Mondrian Investment Partners LTD now owns 106,766 shares of the company’s stock valued at $3,902,000 after purchasing an additional 13,607 shares in the last quarter. Pinebridge Investments L.P. boosted its position in shares of Tivity Health by 7.9% during the 4th quarter. Pinebridge Investments L.P. now owns 38,717 shares of the company’s stock valued at $1,415,000 after purchasing an additional 2,849 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in shares of Tivity Health by 587.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,633,016 shares of the company’s stock valued at $66,627,000 after purchasing an additional 1,395,539 shares in the last quarter.

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In other Tivity Health news, CEO Donato Tramuto sold 20,000 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $38.53, for a total value of $770,600.00. Following the completion of the transaction, the chief executive officer now directly owns 189,596 shares in the company, valued at $7,305,133.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 8.42% of the company’s stock.

Several equities analysts have recently weighed in on TVTY shares. Zacks Investment Research lowered shares of Tivity Health from a “buy” rating to a “hold” rating in a research report on Thursday, December 28th. BidaskClub lowered shares of Tivity Health from a “buy” rating to a “hold” rating in a research report on Thursday, January 4th. Chardan Capital restated a “neutral” rating and set a $41.00 price objective (down previously from $44.00) on shares of Tivity Health in a research report on Friday, February 23rd. Cantor Fitzgerald restated an “overweight” rating and set a $53.00 price objective on shares of Tivity Health in a research report on Friday, February 23rd. Finally, Barrington Research raised their price objective on shares of Tivity Health from $40.00 to $47.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $46.88.

Shares of TVTY opened at $39.50 on Friday. Tivity Health has a one year low of $27.95 and a one year high of $48.50. The stock has a market capitalization of $1,577.47, a price-to-earnings ratio of 23.51, a PEG ratio of 1.67 and a beta of 0.31.

Tivity Health (NASDAQ:TVTY) last announced its earnings results on Thursday, February 22nd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.32 by $0.09. Tivity Health had a net margin of 11.44% and a return on equity of 29.17%. The company had revenue of $139.40 million during the quarter, compared to analysts’ expectations of $138.22 million. During the same period last year, the company posted $0.35 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. sell-side analysts predict that Tivity Health will post 2.16 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.

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

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