Zacks Investment Research cut shares of Tivity Health (NASDAQ:TVTY) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

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 analysts have also recently issued reports on the company. Barrington Research reiterated a buy rating and set a $50.00 target price on shares of Tivity Health in a research report on Tuesday. Chardan Capital dropped their target price on Tivity Health from $43.00 to $41.00 and set a buy rating on the stock in a research report on Tuesday. ValuEngine upgraded Tivity Health from a sell rating to a hold rating in a research report on Tuesday. Cantor Fitzgerald reissued a buy rating and set a $49.00 price target on shares of Tivity Health in a research note on Monday, November 5th. Finally, BidaskClub raised Tivity Health from a buy rating to a strong-buy rating in a research note on Wednesday, October 31st. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $46.50.

NASDAQ TVTY traded down $0.95 on Wednesday, hitting $37.98. 352,954 shares of the company’s stock were exchanged, compared to its average volume of 471,993. The company has a current ratio of 0.98, a quick ratio of 0.77 and a debt-to-equity ratio of 0.15. Tivity Health has a fifty-two week low of $31.22 and a fifty-two week high of $44.35. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 1.62 and a beta of 0.82.

Tivity Health (NASDAQ:TVTY) last released its earnings results on Monday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. Tivity Health had a return on equity of 28.25% and a net margin of 13.29%. The company had revenue of $151.50 million for the quarter, compared to analysts’ expectations of $153.87 million. During the same quarter in the previous year, the firm posted $0.46 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. Equities analysts forecast that Tivity Health will post 2.17 earnings per share for the current fiscal year.

In other news, CEO Donato Tramuto sold 35,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $38.25, for a total transaction of $1,338,750.00. Following the sale, the chief executive officer now owns 334,743 shares of the company’s stock, valued at approximately $12,803,919.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.42% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Tivity Health by 13.5% during the 3rd quarter. BlackRock Inc. now owns 5,948,356 shares of the company’s stock worth $191,239,000 after acquiring an additional 709,730 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Tivity Health by 91.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,545,523 shares of the company’s stock worth $81,838,000 after acquiring an additional 1,214,918 shares in the last quarter. Van Berkom & Associates Inc. boosted its stake in shares of Tivity Health by 41.3% during the 3rd quarter. Van Berkom & Associates Inc. now owns 2,506,829 shares of the company’s stock worth $80,595,000 after acquiring an additional 732,973 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Tivity Health by 15.3% during the 2nd quarter. Eagle Asset Management Inc. now owns 1,757,955 shares of the company’s stock worth $61,880,000 after acquiring an additional 233,057 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Tivity Health by 7.8% during the 2nd quarter. American Century Companies Inc. now owns 1,372,579 shares of the company’s stock worth $48,315,000 after acquiring an additional 99,623 shares in the last quarter.

About Tivity Health

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.

Featured Article: Moving Average – How it Helps Investors in Stock Selection

Get a free copy of the Zacks research report on Tivity Health (TVTY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Tivity Health (NASDAQ:TVTY)

Receive News & Ratings for Tivity Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tivity Health and related companies with MarketBeat.com's FREE daily email newsletter.