Tivity Health (TVTY) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research downgraded shares of Tivity Health (NASDAQ:TVTY) from a hold rating to a sell rating in a report released on Wednesday.

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. “

Several other brokerages have also commented on TVTY. Barrington Research reaffirmed a buy rating and issued a $50.00 price objective on shares of Tivity Health in a report on Tuesday. ValuEngine raised Tivity Health from a sell rating to a hold rating in a report on Tuesday. Chardan Capital cut their price target on Tivity Health from $43.00 to $41.00 and set a buy rating for the company in a report on Tuesday. Cantor Fitzgerald reissued a buy rating and set a $49.00 price target on shares of Tivity Health in a report on Monday. Finally, SunTrust Banks reissued a buy rating and set a $46.00 price target on shares of Tivity Health in a report on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Tivity Health presently has an average rating of Buy and a consensus price target of $46.67.

Shares of TVTY traded up $0.14 during trading hours on Wednesday, hitting $38.91. The stock had a trading volume of 36,424 shares, compared to its average volume of 472,049. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.98 and a quick ratio of 0.77. Tivity Health has a 12 month low of $31.22 and a 12 month high of $44.35. The firm has a market capitalization of $1.53 billion, a P/E ratio of 23.17, a PEG ratio of 1.60 and a beta of 0.82.

Tivity Health (NASDAQ:TVTY) last issued its quarterly earnings data on Monday, November 5th. The company reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Tivity Health had a return on equity of 28.25% and a net margin of 13.29%. The company had revenue of $151.50 million during the quarter, compared to analyst estimates of $153.87 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. Tivity Health’s revenue was up 10.0% compared to the same quarter last year. Analysts expect that Tivity Health will post 2.18 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Tivity Health by 12.3% during the second quarter. BlackRock Inc. now owns 5,238,626 shares of the company’s stock valued at $184,399,000 after purchasing an additional 572,771 shares during the period. JPMorgan Chase & Co. grew its holdings in Tivity Health by 91.3% during the third quarter. JPMorgan Chase & Co. now owns 2,545,523 shares of the company’s stock valued at $81,838,000 after purchasing an additional 1,214,918 shares during the period. Van Berkom & Associates Inc. grew its holdings in Tivity Health by 284.3% during the second quarter. Van Berkom & Associates Inc. now owns 1,773,856 shares of the company’s stock valued at $62,440,000 after purchasing an additional 1,312,287 shares during the period. Eagle Asset Management Inc. grew its holdings in Tivity Health by 15.3% during the second quarter. Eagle Asset Management Inc. now owns 1,757,955 shares of the company’s stock valued at $61,880,000 after purchasing an additional 233,057 shares during the period. Finally, American Century Companies Inc. grew its holdings in Tivity Health by 7.8% during the second quarter. American Century Companies Inc. now owns 1,372,579 shares of the company’s stock valued at $48,315,000 after purchasing an additional 99,623 shares during the period.

Tivity Health Company Profile

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.

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