Metropolitan Life Insurance Co. NY boosted its position in shares of Tivity Health Inc (NASDAQ:TVTY) by 16.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,231 shares of the company’s stock after purchasing an additional 2,045 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Tivity Health were worth $501,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of TVTY. Itau Unibanco Holding S.A. purchased a new position in Tivity Health during the 2nd quarter worth approximately $141,000. Point72 Asia Hong Kong Ltd purchased a new position in Tivity Health during the 1st quarter worth approximately $148,000. SG Americas Securities LLC purchased a new position in Tivity Health during the 1st quarter worth approximately $152,000. ClariVest Asset Management LLC grew its position in Tivity Health by 47.8% during the 2nd quarter. ClariVest Asset Management LLC now owns 5,879 shares of the company’s stock worth $207,000 after purchasing an additional 1,902 shares in the last quarter. Finally, Amalgamated Bank purchased a new position in Tivity Health during the 1st quarter worth approximately $209,000.
Several equities analysts have weighed in on TVTY shares. ValuEngine cut shares of Tivity Health from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Chardan Capital upgraded shares of Tivity Health from a “neutral” rating to a “buy” rating and set a $42.00 price objective on the stock in a research report on Monday, June 4th. BidaskClub cut shares of Tivity Health from a “hold” rating to a “sell” rating in a research report on Friday, June 8th. Zacks Investment Research cut shares of Tivity Health from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. Finally, SunTrust Banks reiterated a “buy” rating and set a $46.00 price objective on shares of Tivity Health in a research report on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $47.43.
Tivity Health (NASDAQ:TVTY) last issued its earnings results on Thursday, August 2nd. The company reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. The company had revenue of $151.90 million during the quarter, compared to analyst estimates of $152.98 million. Tivity Health had a net margin of 13.79% and a return on equity of 28.38%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $0.41 EPS. equities research analysts expect that Tivity Health Inc will post 2.15 earnings per share for the current fiscal year.
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.
Further Reading: Outstanding Shares and The Effect on Share Price
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