Municipal Employees Retirement System of Michigan purchased a new stake in shares of Tivity Health Inc (NASDAQ:TVTY) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 13,720 shares of the company’s stock, valued at approximately $340,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TVTY. Handelsinvest Investeringsforvaltning bought a new stake in Tivity Health in the 4th quarter valued at about $1,711,000. Rhumbline Advisers lifted its position in Tivity Health by 23.6% in the 4th quarter. Rhumbline Advisers now owns 114,174 shares of the company’s stock valued at $2,833,000 after purchasing an additional 21,834 shares during the last quarter. Renaissance Technologies LLC lifted its position in Tivity Health by 1,148.0% in the 3rd quarter. Renaissance Technologies LLC now owns 69,889 shares of the company’s stock valued at $2,247,000 after purchasing an additional 64,289 shares during the last quarter. Elk Creek Partners LLC bought a new stake in Tivity Health in the 4th quarter valued at about $5,935,000. Finally, Virtu Financial LLC bought a new stake in Tivity Health in the 4th quarter valued at about $410,000. 94.28% of the stock is owned by institutional investors and hedge funds.
Shares of Tivity Health stock traded up $0.75 on Friday, reaching $22.85. The stock had a trading volume of 759,982 shares, compared to its average volume of 1,207,869. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.08. Tivity Health Inc has a fifty-two week low of $16.25 and a fifty-two week high of $41.46. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 0.85 and a beta of 1.10.
In related news, Director Sara Finley acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were purchased at an average price of $17.25 per share, with a total value of $34,500.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bradley S. Karro acquired 2,900 shares of the firm’s stock in a transaction on Friday, March 22nd. The shares were bought at an average cost of $16.54 per share, for a total transaction of $47,966.00. Following the acquisition, the director now owns 24,696 shares in the company, valued at $408,471.84. The disclosure for this purchase can be found here. Insiders own 1.64% of the company’s stock.
A number of research firms recently commented on TVTY. ValuEngine downgraded shares of Tivity Health from a “sell” rating to a “strong sell” rating in a report on Monday, January 7th. TheStreet downgraded shares of Tivity Health from a “b” rating to a “c+” rating in a research report on Wednesday, January 9th. Zacks Investment Research cut shares of Tivity Health from a “buy” rating to a “hold” rating in a research note on Thursday, January 10th. BidaskClub cut shares of Tivity Health from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 16th. Finally, Piper Jaffray Companies reduced their target price on shares of Tivity Health to $29.00 and set an “overweight” rating for the company in a research note on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Tivity Health presently has an average rating of “Buy” and a consensus target price of $31.78.
Tivity Health 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 Prime fitness, a fitness facility access program through commercial health plans and employers.
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