Tivity Health Inc (NASDAQ:TVTY) Sees Large Growth in Short Interest

Tivity Health Inc (NASDAQ:TVTY) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 16,940,000 shares, a growth of 6.8% from the September 30th total of 15,860,000 shares. Based on an average daily trading volume, of 639,200 shares, the days-to-cover ratio is currently 26.5 days. Approximately 40.1% of the shares of the stock are short sold.

Several equities analysts recently commented on the company. Chardan Capital cut their target price on Tivity Health from $33.00 to $24.00 and set a “buy” rating for the company in a research report on Friday, August 23rd. Zacks Investment Research downgraded Tivity Health from a “hold” rating to a “sell” rating in a research report on Friday. ValuEngine upgraded Tivity Health from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. BidaskClub upgraded Tivity Health from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Barrington Research restated an “outperform” rating on shares of Tivity Health in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating and nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $31.33.

Shares of TVTY opened at $21.32 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.76 and a current ratio of 0.94. Tivity Health has a 52-week low of $14.84 and a 52-week high of $41.46. The stock has a fifty day moving average price of $16.54 and a two-hundred day moving average price of $17.62. The company has a market cap of $962.52 million, a price-to-earnings ratio of 9.11, a PEG ratio of 0.88 and a beta of 1.01.

Tivity Health (NASDAQ:TVTY) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.10). Tivity Health had a return on equity of 21.67% and a net margin of 6.41%. The company had revenue of $303.90 million for the quarter, compared to analyst estimates of $301.52 million. During the same period last year, the firm earned $0.59 earnings per share. The firm’s revenue for the quarter was up 100.6% on a year-over-year basis. As a group, research analysts predict that Tivity Health will post 2.17 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. grew its stake in Tivity Health by 4.8% in the second quarter. BlackRock Inc. now owns 7,343,863 shares of the company’s stock valued at $120,732,000 after acquiring an additional 337,571 shares during the period. HG Vora Capital Management LLC grew its stake in Tivity Health by 850.0% in the second quarter. HG Vora Capital Management LLC now owns 4,750,000 shares of the company’s stock valued at $78,090,000 after acquiring an additional 4,250,000 shares during the period. Van Berkom & Associates Inc. grew its stake in Tivity Health by 10.4% in the second quarter. Van Berkom & Associates Inc. now owns 3,517,727 shares of the company’s stock valued at $57,831,000 after acquiring an additional 330,409 shares during the period. Morgan Stanley grew its stake in Tivity Health by 300.4% in the second quarter. Morgan Stanley now owns 2,771,427 shares of the company’s stock valued at $45,562,000 after acquiring an additional 2,079,309 shares during the period. Finally, Bank of America Corp DE grew its stake in Tivity Health by 300.0% in the second quarter. Bank of America Corp DE now owns 1,653,998 shares of the company’s stock valued at $27,193,000 after acquiring an additional 1,240,536 shares during the period.

Tivity Health Company 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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