Eagle Asset Management Inc. lowered its position in Tivity Health, Inc. (NASDAQ:TVTY) by 25.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 428,763 shares of the company’s stock after selling 143,793 shares during the period. Eagle Asset Management Inc.’s holdings in Tivity Health were worth $11,280,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of TVTY. Advisor Group Holdings Inc. raised its position in shares of Tivity Health by 1,663.6% in the second quarter. Advisor Group Holdings Inc. now owns 3,880 shares of the company’s stock worth $102,000 after acquiring an additional 3,660 shares during the period. Captrust Financial Advisors raised its position in shares of Tivity Health by 603.8% during the 1st quarter. Captrust Financial Advisors now owns 5,363 shares of the company’s stock worth $120,000 after purchasing an additional 4,601 shares during the last quarter. AlphaCrest Capital Management LLC acquired a new position in shares of Tivity Health during the 1st quarter worth about $205,000. OLD Mission Capital LLC acquired a new position in shares of Tivity Health during the 3rd quarter worth about $212,000. Finally, Arizona State Retirement System acquired a new position in shares of Tivity Health during the 1st quarter worth about $221,000. Institutional investors and hedge funds own 88.71% of the company’s stock.
In other news, Director Anthony Michael Sanfilippo acquired 15,000 shares of Tivity Health stock in a transaction dated Tuesday, August 10th. The shares were acquired at an average cost of $21.99 per share, for a total transaction of $329,850.00. Following the acquisition, the director now owns 372,792 shares of the company’s stock, valued at $8,197,696.08. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 11.77% of the stock is currently owned by company insiders.
Tivity Health (NASDAQ:TVTY) last announced its quarterly earnings data on Wednesday, August 4th. The company reported $0.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.13. Tivity Health had a negative net margin of 4.55% and a positive return on equity of 592.23%. The business had revenue of $120.07 million for the quarter, compared to analyst estimates of $112.33 million. Analysts expect that Tivity Health, Inc. will post 1.59 EPS for the current fiscal year.
TVTY has been the subject of several research analyst reports. Piper Sandler reduced their price target on shares of Tivity Health from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Thursday, August 5th. Truist cut their price objective on shares of Tivity Health from $28.00 to $25.00 and set a “hold” rating for the company in a report on Monday, August 23rd. Cantor Fitzgerald cut their price objective on shares of Tivity Health from $36.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, August 5th. Zacks Investment Research downgraded shares of Tivity Health from a “buy” rating to a “hold” rating in a report on Saturday, August 7th. Finally, Truist Securities cut their price objective on shares of Tivity Health from $28.00 to $25.00 and set a “hold” rating for the company in a report on Monday, August 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.13.
Tivity Health Profile
Tivity Health, Inc provides fitness, nutrition, and social connection solutions. It operates through two segments: Healthcare and Nutrition. The Healthcare segment consists of SilverSneakers senior fitness, Prime Fitness and WholeHealth Living. The Nutrition segment provides weight management products and services and consists of Nutrisystem and South Beach Diet.
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