Alambic Investment Management L.P. Acquires Shares of 58,200 Tivity Health Inc (TVTY)

Alambic Investment Management L.P. bought a new stake in Tivity Health Inc (NASDAQ:TVTY) during the first quarter, Holdings Channel reports. The firm bought 58,200 shares of the company’s stock, valued at approximately $1,694,000.

A number of other hedge funds also recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in shares of Tivity Health during the first quarter worth about $107,000. US Bancorp DE acquired a new position in shares of Tivity Health during the first quarter worth about $145,000. American Capital Management Inc. increased its position in shares of Tivity Health by 0.6% in the first quarter. American Capital Management Inc. now owns 900,800 shares of the company’s stock worth $26,213,000 after buying an additional 5,075 shares in the last quarter. Strs Ohio acquired a new position in shares of Tivity Health during the first quarter worth about $154,000. Finally, Capstone Asset Management Co. acquired a new position in shares of Tivity Health during the first quarter worth about $216,000.

Institutional Ownership by Quarter for Tivity Health (NASDAQ:TVTY)

Tivity Health Inc (NASDAQ:TVTY) traded up 0.31% during trading on Friday, hitting $32.35. The stock had a trading volume of 297,402 shares. The firm’s market cap is $1.27 billion. Tivity Health Inc has a 12-month low of $11.15 and a 12-month high of $34.75. The stock’s 50 day moving average price is $30.60 and its 200 day moving average price is $26.25.

Tivity Health (NASDAQ:TVTY) last posted its earnings results on Thursday, April 27th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.08. Tivity Health had a positive return on equity of 13.49% and a negative net margin of 24.50%. The firm had revenue of $141 million for the quarter, compared to analyst estimates of $136.28 million. The business’s revenue was up 11.9% on a year-over-year basis. On average, analysts anticipate that Tivity Health Inc will post $1.55 EPS for the current fiscal year.

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A number of equities analysts have issued reports on TVTY shares. Zacks Investment Research downgraded Tivity Health from a “buy” rating to a “hold” rating in a research report on Friday, January 27th. SunTrust Banks, Inc. started coverage on Tivity Health in a research report on Wednesday, March 15th. They set a “buy” rating and a $35.00 price target on the stock. Cantor Fitzgerald started coverage on Tivity Health in a research report on Monday, February 6th. They set an “overweight” rating and a $30.00 price target on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $33.00 price target on shares of Tivity Health in a research report on Friday, February 24th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $41.00 price target (up previously from $32.00) on shares of Tivity Health in a research report on Monday, May 1st. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Tivity Health currently has an average rating of “Buy” and a consensus price target of $31.94.

In related news, Director Mary Jane England sold 1,763 shares of the company’s stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $31.95, for a total value of $56,327.85. Following the sale, the director now owns 19,453 shares of the company’s stock, valued at approximately $621,523.35. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Conan Laughlin sold 2,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $28.30, for a total value of $56,600,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,006,777 shares of company stock worth $56,800,932. 14.01% of the stock is owned by corporate insiders.

About Tivity Health

Tivity Health, Inc, formerly Healthways, Inc, is focused targeted population health for those aged 50 and older. The Company offers three programs: SilverSneakers senior fitness, Prime fitness and WholeHealth Living. The SilverSneakers senior fitness program is offered to members of Medicare Advantage, Medicare Supplement, and Group Retiree plans.

5 Day Chart for NASDAQ:TVTY

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