IndexIQ Advisors LLC decreased its position in Tivity Health Inc (NASDAQ:TVTY) by 24.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,192 shares of the company’s stock after selling 14,661 shares during the quarter. IndexIQ Advisors LLC owned 0.10% of Tivity Health worth $940,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in Tivity Health by 5.0% during the fourth quarter. Rhumbline Advisers now owns 155,051 shares of the company’s stock worth $3,155,000 after purchasing an additional 7,410 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Tivity Health by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 341,256 shares of the company’s stock worth $6,943,000 after purchasing an additional 1,714 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Tivity Health by 36.1% during the fourth quarter. Victory Capital Management Inc. now owns 14,436 shares of the company’s stock worth $312,000 after purchasing an additional 3,832 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new position in Tivity Health during the fourth quarter worth about $2,277,000. Finally, California Public Employees Retirement System raised its holdings in Tivity Health by 47.4% during the fourth quarter. California Public Employees Retirement System now owns 138,632 shares of the company’s stock worth $2,820,000 after purchasing an additional 44,553 shares in the last quarter.
Shares of Tivity Health stock opened at $22.44 on Friday. Tivity Health Inc has a 12-month low of $14.84 and a 12-month high of $26.07. The company has a current ratio of 0.94, a quick ratio of 0.78 and a debt-to-equity ratio of 1.96. The stock has a market cap of $1.08 billion, a PE ratio of 15.69, a price-to-earnings-growth ratio of 1.03 and a beta of 1.19. The company has a 50-day moving average of $22.63 and a two-hundred day moving average of $19.35.
Tivity Health (NASDAQ:TVTY) last issued its earnings results on Tuesday, November 12th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.10). Tivity Health had a net margin of 6.41% and a return on equity of 21.67%. The company had revenue of $303.90 million during the quarter, compared to analysts’ expectations of $301.52 million. During the same period last year, the business posted $0.59 earnings per share. The company’s quarterly revenue was up 100.6% on a year-over-year basis. On average, sell-side analysts forecast that Tivity Health Inc will post 2.16 EPS for the current fiscal year.
Several research firms recently issued reports on TVTY. Barrington Research reissued a “buy” rating and set a $38.00 price target on shares of Tivity Health in a report on Monday, December 23rd. BidaskClub cut shares of Tivity Health from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Piper Sandler cut shares of Tivity Health from an “overweight” rating to a “neutral” rating and set a $25.00 price target for the company. in a report on Monday, January 27th. Cantor Fitzgerald reissued an “overweight” rating and set a $40.00 price target (down from $45.00) on shares of Tivity Health in a report on Tuesday, January 21st. Finally, Zacks Investment Research cut shares of Tivity Health from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $29.27.
Tivity Health 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 Prime fitness, a fitness facility access program through commercial health plans and employers.
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