Van Berkom & Associates Inc. acquired a new position in shares of Tivity Health (NASDAQ:TVTY) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 461,569 shares of the company’s stock, valued at approximately $18,301,000. Van Berkom & Associates Inc. owned about 1.16% of Tivity Health at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of TVTY. American Century Companies Inc. grew its stake in Tivity Health by 390.7% during the fourth quarter. American Century Companies Inc. now owns 1,238,336 shares of the company’s stock worth $45,261,000 after buying an additional 985,996 shares during the last quarter. Carillon Tower Advisers Inc. bought a new stake in shares of Tivity Health during the fourth quarter valued at approximately $28,150,000. Franklin Resources Inc. grew its stake in shares of Tivity Health by 1,816.9% during the fourth quarter. Franklin Resources Inc. now owns 612,972 shares of the company’s stock valued at $22,404,000 after purchasing an additional 580,994 shares during the last quarter. Monarch Partners Asset Management LLC bought a new stake in shares of Tivity Health during the first quarter valued at approximately $19,881,000. Finally, BlackRock Inc. grew its stake in shares of Tivity Health by 5.7% during the fourth quarter. BlackRock Inc. now owns 4,624,987 shares of the company’s stock valued at $169,043,000 after purchasing an additional 247,948 shares during the last quarter.
In related news, CEO Donato Tramuto sold 20,000 shares of the stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $39.30, for a total value of $786,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders sold 60,000 shares of company stock worth $2,264,000 over the last 90 days. 0.73% of the stock is currently owned by company insiders.
TVTY has been the topic of several research analyst reports. Zacks Investment Research raised shares of Tivity Health from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Thursday, January 25th. Chardan Capital reissued a “neutral” rating and set a $41.00 price target (down from $44.00) on shares of Tivity Health in a research note on Friday, February 23rd. Cantor Fitzgerald reissued an “overweight” rating and set a $53.00 price target on shares of Tivity Health in a research note on Friday, February 23rd. Barrington Research increased their price target on shares of Tivity Health from $40.00 to $47.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Finally, BidaskClub raised shares of Tivity Health from a “hold” rating to a “buy” rating in a research note on Tuesday, March 6th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $47.11.
Shares of NASDAQ TVTY opened at $37.70 on Tuesday. Tivity Health has a fifty-two week low of $37.60 and a fifty-two week high of $38.30. The company has a market capitalization of $1.50 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 1.58 and a beta of 0.31.
Tivity Health (NASDAQ:TVTY) last announced its quarterly earnings data on Monday, April 23rd. The company reported $0.49 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. Tivity Health had a net margin of 12.33% and a return on equity of 28.62%. The business had revenue of $149.90 million for the quarter, compared to analyst estimates of $154.32 million. During the same period in the prior year, the business posted $0.42 earnings per share. Tivity Health’s revenue was up 6.3% compared to the same quarter last year. equities analysts predict that Tivity Health will post 2.16 EPS for the current fiscal year.
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 group retiree plans; and Prime fitness, a fitness facility access program through commercial health plans and employers.
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