Nationwide Fund Advisors increased its holdings in Tivity Health Inc (NASDAQ:TVTY) by 20.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,768 shares of the company’s stock after purchasing an additional 40,492 shares during the quarter. Nationwide Fund Advisors owned 0.61% of Tivity Health worth $9,742,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Lord Abbett & CO. LLC increased its position in shares of Tivity Health by 158.7% in the second quarter. Lord Abbett & CO. LLC now owns 745,372 shares of the company’s stock worth $29,704,000 after acquiring an additional 457,285 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in shares of Tivity Health in the second quarter worth approximately $9,463,000. Schwab Charles Investment Management Inc. purchased a new position in shares of Tivity Health in the first quarter worth approximately $4,172,000. Morgan Stanley purchased a new position in shares of Tivity Health in the first quarter worth approximately $3,773,000. Finally, Teachers Advisors LLC purchased a new position in shares of Tivity Health in the first quarter worth approximately $2,946,000.
Tivity Health Inc (NASDAQ:TVTY) opened at $35.70 on Thursday. Tivity Health Inc has a 1 year low of $20.60 and a 1 year high of $48.50. The company has a market cap of $1,408.38, a P/E ratio of 21.68, a P/E/G ratio of 2.01 and a beta of 0.18. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.02.
Tivity Health (NASDAQ:TVTY) last announced its quarterly earnings data on Thursday, October 26th. The company reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.10. Tivity Health had a net margin of 11.45% and a return on equity of 30.23%. The firm had revenue of $137.70 million for the quarter, compared to the consensus estimate of $137.95 million. Tivity Health’s revenue was up 10.2% compared to the same quarter last year. equities analysts anticipate that Tivity Health Inc will post 1.6 EPS for the current fiscal year.
Several research analysts have recently weighed in on the stock. Chardan Capital reissued a “neutral” rating and issued a $44.00 target price (up from $40.00) on shares of Tivity Health in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Tivity Health from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Barrington Research reissued an “outperform” rating and issued a $40.00 target price (down from $46.00) on shares of Tivity Health in a research report on Tuesday, November 7th. SunTrust Banks reissued a “buy” rating and issued a $46.00 target price on shares of Tivity Health in a research report on Thursday, October 12th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $45.00 target price on shares of Tivity Health in a research report on Monday, November 6th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Tivity Health presently has a consensus rating of “Buy” and a consensus price target of $46.25.
In related news, insider Mary Flipse sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $48.11, for a total transaction of $240,550.00. Following the transaction, the insider now directly owns 45,167 shares of the company’s stock, valued at $2,172,984.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Glenn Hargreaves sold 5,805 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $45.15, for a total transaction of $262,095.75. Following the completion of the sale, the chief accounting officer now directly owns 44,448 shares of the company’s stock, valued at $2,006,827.20. The disclosure for this sale can be found here. Insiders have sold 890,837 shares of company stock worth $32,405,634 over the last ninety days. 8.42% of the stock is currently owned by insiders.
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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