Tivity Health (NASDAQ:TVTY) Shares Up 22.9%

Tivity Health Inc (NASDAQ:TVTY)’s stock price shot up 22.9% during trading on Wednesday . The company traded as high as $6.28 and last traded at $7.02, 181,538 shares traded hands during trading. A decline of 94% from the average session volume of 3,161,660 shares. The stock had previously closed at $5.71.

A number of brokerages have recently commented on TVTY. Cantor Fitzgerald downgraded Tivity Health from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $40.00 to $17.00 in a research report on Thursday, February 20th. Zacks Investment Research upgraded Tivity Health from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. Credit Suisse Group reiterated a “hold” rating and set a $11.00 price objective on shares of Tivity Health in a research report on Monday, March 16th. ValuEngine downgraded Tivity Health from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Finally, SunTrust Banks downgraded Tivity Health from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $18.91.

The firm’s 50 day simple moving average is $12.91 and its 200-day simple moving average is $17.90. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.86 and a current ratio of 1.11. The company has a market capitalization of $276.56 million, a price-to-earnings ratio of -1.16, a P/E/G ratio of 0.46 and a beta of 1.56.

Tivity Health (NASDAQ:TVTY) last announced its earnings results on Wednesday, February 19th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.15). Tivity Health had a negative net margin of 25.36% and a positive return on equity of 20.82%. The firm had revenue of $272.80 million for the quarter, compared to analyst estimates of $275.15 million. During the same period last year, the firm earned $0.73 earnings per share. Tivity Health’s revenue for the quarter was up 78.3% compared to the same quarter last year. As a group, equities analysts anticipate that Tivity Health Inc will post 1.25 earnings per share for the current fiscal year.

In related news, Director Kevin Wills purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $12.07 per share, with a total value of $241,400.00. Following the completion of the purchase, the director now owns 53,143 shares of the company’s stock, valued at approximately $641,436.01. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sara Finley purchased 2,500 shares of the company’s stock in a transaction dated Thursday, March 5th. The stock was bought at an average cost of $11.63 per share, for a total transaction of $29,075.00. Insiders bought 26,565 shares of company stock worth $319,255 over the last ninety days. 1.64% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Tivity Health during the fourth quarter worth $14,320,000. Parametric Portfolio Associates LLC increased its position in Tivity Health by 91.2% during the third quarter. Parametric Portfolio Associates LLC now owns 783,794 shares of the company’s stock worth $13,035,000 after buying an additional 373,782 shares during the last quarter. Phocas Financial Corp. acquired a new position in Tivity Health during the third quarter worth $3,703,000. Alliancebernstein L.P. increased its position in Tivity Health by 196.6% during the fourth quarter. Alliancebernstein L.P. now owns 222,725 shares of the company’s stock worth $4,531,000 after buying an additional 147,630 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new position in Tivity Health during the fourth quarter worth $2,277,000.

Tivity Health Company Profile (NASDAQ:TVTY)

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 Prime fitness, a fitness facility access program through commercial health plans and employers.

See Also: Gross Domestic Product (GDP)

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