United Services Automobile Association bought a new position in shares of Tivity Health Inc (NASDAQ:TVTY) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,950 shares of the company’s stock, valued at approximately $377,000.
Several other hedge funds also recently added to or reduced their stakes in the stock. Kornitzer Capital Management Inc. KS purchased a new position in shares of Tivity Health during the first quarter worth about $10,270,000. Monarch Partners Asset Management LLC purchased a new position in shares of Tivity Health during the first quarter worth about $8,084,000. Jennison Associates LLC purchased a new position in shares of Tivity Health during the first quarter worth about $13,781,000. Wells Fargo & Company MN purchased a new position in shares of Tivity Health during the first quarter worth about $98,404,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Tivity Health during the first quarter worth about $1,887,000.
Tivity Health Inc (TVTY) traded down 1.49% on Friday, hitting $39.75. The stock had a trading volume of 304,846 shares. The stock has a 50 day moving average price of $38.48 and a 200 day moving average price of $30.86. Tivity Health Inc has a 1-year low of $11.99 and a 1-year high of $40.87. The company’s market cap is $1.56 billion.
Tivity Health (NASDAQ:TVTY) last issued its quarterly earnings data on Thursday, April 27th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.08. The business had revenue of $141 million during the quarter, compared to the consensus estimate of $136.28 million. Tivity Health had a net margin of 10.98% and a return on equity of 30.80%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, equities research analysts expect that Tivity Health Inc will post $1.55 EPS for the current fiscal year.
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Several equities research analysts have recently weighed in on the company. Jefferies Group LLC reissued a “buy” rating and issued a $33.00 price target on shares of Tivity Health in a research note on Thursday, March 30th. Zacks Investment Research raised Tivity Health from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Tuesday, May 2nd. Cantor Fitzgerald raised their target price on Tivity Health from $34.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, June 9th. BidaskClub raised Tivity Health from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 9th. Finally, UBS AG raised their target price on Tivity Health from $37.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $33.85.
In related news, Director Mary Jane England sold 1,763 shares of the company’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $31.95, for a total transaction of $56,327.85. Following the completion of the sale, the director now owns 19,453 shares of the company’s stock, valued at approximately $621,523.35. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 8.42% of the stock is owned by insiders.
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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