Tivity Health (TVTY) Trading 8.9% Higher Following Better-Than-Expected Earnings

Shares of Tivity Health Inc (NASDAQ:TVTY) traded up 8.9% on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $39.46 and last traded at $38.25. 1,376,895 shares were traded during mid-day trading, an increase of 159% from the average session volume of 531,464 shares. The stock had previously closed at $35.12.

The company reported $0.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Tivity Health had a net margin of 13.79% and a return on equity of 28.38%. The firm had revenue of $151.50 million during the quarter, compared to the consensus estimate of $153.87 million. During the same period last year, the firm earned $0.46 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year.

Several research analysts have commented on the stock. Zacks Investment Research raised shares of Tivity Health from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. BidaskClub downgraded shares of Tivity Health from a “sell” rating to a “strong sell” rating in a report on Thursday, August 16th. SunTrust Banks restated a “buy” rating and set a $46.00 price objective on shares of Tivity Health in a research report on Friday, August 3rd. Barrington Research restated a “buy” rating and set a $50.00 price objective on shares of Tivity Health in a research report on Tuesday. Finally, Cantor Fitzgerald restated a “buy” rating and set a $49.00 price objective on shares of Tivity Health in a research report on Monday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $46.67.

Several institutional investors have recently bought and sold shares of TVTY. Legal & General Group Plc raised its position in shares of Tivity Health by 8.4% during the 1st quarter. Legal & General Group Plc now owns 70,669 shares of the company’s stock valued at $2,798,000 after buying an additional 5,459 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in shares of Tivity Health during the 1st quarter valued at $227,000. Principal Financial Group Inc. raised its position in shares of Tivity Health by 0.6% during the 1st 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 in the last quarter. American Capital Management Inc. raised its position in shares of Tivity Health by 1.0% during the 2nd quarter. American Capital Management Inc. now owns 1,107,071 shares of the company’s stock valued at $38,969,000 after buying an additional 10,938 shares in the last quarter. Finally, Mondrian Investment Partners LTD raised its position in shares of Tivity Health by 28.9% during the 2nd quarter. Mondrian Investment Partners LTD now owns 112,902 shares of the company’s stock valued at $3,974,000 after buying an additional 25,328 shares in the last quarter.

The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 1.47 and a beta of 0.82.

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About Tivity Health (NASDAQ:TVTY)

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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