Freestone Capital Holdings LLC boosted its stake in shares of Tivity Health Inc (NASDAQ:TVTY) by 44.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 346,626 shares of the company’s stock after buying an additional 107,103 shares during the period. Freestone Capital Holdings LLC’s holdings in Tivity Health were worth $6,087,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in the business. Rhumbline Advisers grew its stake in shares of Tivity Health by 23.6% during the 4th quarter. Rhumbline Advisers now owns 114,174 shares of the company’s stock worth $2,833,000 after acquiring an additional 21,834 shares in the last quarter. Renaissance Technologies LLC raised its stake in Tivity Health by 1,148.0% during the third quarter. Renaissance Technologies LLC now owns 69,889 shares of the company’s stock worth $2,247,000 after acquiring an additional 64,289 shares in the last quarter. Elk Creek Partners LLC acquired a new position in Tivity Health during the fourth quarter worth about $5,935,000. Virtu Financial LLC bought a new stake in shares of Tivity Health during the fourth quarter worth about $410,000. Finally, Fort L.P. bought a new stake in shares of Tivity Health during the fourth quarter worth about $126,000.
In related news, Director Bradley S. Karro bought 2,900 shares of Tivity Health stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average cost of $16.54 per share, for a total transaction of $47,966.00. Following the completion of the acquisition, the director now directly owns 24,696 shares of the company’s stock, valued at approximately $408,471.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sara Finley bought 2,000 shares of Tivity Health stock in a transaction that occurred on Wednesday, March 20th. The stock was bought at an average price of $17.25 per share, for a total transaction of $34,500.00. The disclosure for this purchase can be found here. Corporate insiders own 1.64% of the company’s stock.
NASDAQ:TVTY opened at $18.04 on Friday. The stock has a market cap of $865.76 million, a PE ratio of 7.71, a PEG ratio of 0.78 and a beta of 1.10. The company has a current ratio of 0.86, a quick ratio of 0.71 and a debt-to-equity ratio of 2.13. Tivity Health Inc has a 1-year low of $16.25 and a 1-year high of $41.46.
Tivity Health (NASDAQ:TVTY) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The company had revenue of $214.10 million for the quarter, compared to analysts’ expectations of $200.39 million. Tivity Health had a return on equity of 26.02% and a net margin of 12.18%. The business’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. As a group, sell-side analysts anticipate that Tivity Health Inc will post 2.35 earnings per share for the current year.
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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 Prime fitness, a fitness facility access program through commercial health plans and employers.
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