Zacks Investment Research cut shares of Tivity Health (NASDAQ:TVTY) from a hold rating to a sell rating in a research note released on Thursday.

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 equities research analysts also recently commented on the stock. BidaskClub downgraded shares of Tivity Health from a sell rating to a strong sell rating in a report on Thursday, August 16th. SunTrust Banks reaffirmed a buy rating and set a $46.00 price objective on shares of Tivity Health in a report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $47.43.

Shares of NASDAQ:TVTY traded down $0.01 during midday trading on Thursday, reaching $33.17. The company had a trading volume of 16,782 shares, compared to its average volume of 455,977. The company has a market capitalization of $1.33 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 1.41 and a beta of 0.59. Tivity Health has a 52-week low of $29.95 and a 52-week high of $48.50.

Tivity Health (NASDAQ:TVTY) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.53 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.53. The company had revenue of $151.90 million for the quarter, compared to the consensus estimate of $152.98 million. Tivity Health had a net margin of 13.79% and a return on equity of 28.38%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. As a group, analysts predict that Tivity Health will post 2.15 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp increased its position in shares of Tivity Health by 0.4% during the first quarter. Northern Trust Corp now owns 521,345 shares of the company’s stock valued at $20,671,000 after buying an additional 2,022 shares during the period. BlackRock Inc. increased its position in shares of Tivity Health by 0.9% during the first quarter. BlackRock Inc. now owns 4,665,855 shares of the company’s stock valued at $185,002,000 after buying an additional 40,868 shares during the period. New York State Common Retirement Fund increased its position in shares of Tivity Health by 9.3% during the first quarter. New York State Common Retirement Fund now owns 51,788 shares of the company’s stock valued at $2,053,000 after buying an additional 4,394 shares during the period. Sei Investments Co. increased its position in shares of Tivity Health by 241.0% during the first quarter. Sei Investments Co. now owns 6,192 shares of the company’s stock valued at $246,000 after buying an additional 4,376 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of Tivity Health by 0.6% during the first quarter. Principal Financial Group Inc. now owns 289,546 shares of the company’s stock valued at $11,480,000 after buying an additional 1,790 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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