Tivity Health (TVTY) Lowered to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of Tivity Health (NASDAQ:TVTY) from a buy rating to a hold rating in a report published 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. “
Other research analysts have also recently issued research reports about the stock. Cantor Fitzgerald restated a buy rating and set a $45.00 price objective on shares of Tivity Health in a report on Monday, November 6th. BidaskClub cut shares of Tivity Health from a buy rating to a hold rating in a report on Thursday, January 4th. ValuEngine cut shares of Tivity Health from a buy rating to a hold rating in a report on Monday, November 6th. 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 report on Friday, February 23rd. Finally, Barrington Research restated an outperform rating and set a $40.00 price objective (down previously from $46.00) on shares of Tivity Health in a report on Tuesday, November 7th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Tivity Health presently has a consensus rating of Buy and an average target price of $46.88.
Tivity Health (NASDAQ:TVTY) last posted its quarterly earnings results on Thursday, February 22nd. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.09. The business had revenue of $139.40 million during 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%. Tivity Health’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. analysts predict that Tivity Health will post 2.16 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. LS Investment Advisors LLC boosted its holdings in shares of Tivity Health by 170.9% in the fourth quarter. LS Investment Advisors LLC now owns 3,338 shares of the company’s stock valued at $122,000 after buying an additional 2,106 shares during the period. Meadow Creek Investment Management LLC boosted its holdings in shares of Tivity Health by 76.4% in the fourth quarter. Meadow Creek Investment Management LLC now owns 3,472 shares of the company’s stock valued at $127,000 after buying an additional 1,504 shares during the period. SG Americas Securities LLC acquired a new position in shares of Tivity Health in the third quarter valued at approximately $210,000. Macquarie Group Ltd. acquired a new position in shares of Tivity Health in the fourth quarter valued at approximately $212,000. Finally, Elkfork Partners LLC acquired a new position in shares of Tivity Health in the fourth quarter valued at approximately $222,000.
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Tivity Health Company Profile
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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