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Tivity Health, Inc. (NASDAQ:TVTY) Sees Large Increase in Short Interest

Saturday, November 21, 2020 | MarketBeat

Tivity Health, Inc. (NASDAQ:TVTY) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totalling 8,400,000 shares, an increase of 17.3% from the October 15th total of 7,160,000 shares. Currently, 20.4% of the company's stock are short sold. Based on an average daily volume of 585,800 shares, the short-interest ratio is presently 14.3 days.

Tivity Health stock opened at $16.41 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.96 and a debt-to-equity ratio of 26.60. Tivity Health has a 12-month low of $1.92 and a 12-month high of $26.07. The firm's fifty day moving average is $14.90 and its 200 day moving average is $13.32. The company has a market capitalization of $797.85 million, a PE ratio of -1.66, a PEG ratio of 1.10 and a beta of 2.33.

Tivity Health (NASDAQ:TVTY) last released its earnings results on Thursday, November 5th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.32 by $0.40. Tivity Health had a negative net margin of 40.68% and a positive return on equity of 36.30%. Sell-side analysts expect that Tivity Health will post 1.42 EPS for the current fiscal year.

A number of research analysts recently weighed in on TVTY shares. Zacks Investment Research downgraded shares of Tivity Health from a "hold" rating to a "sell" rating in a research report on Thursday, November 5th. Barrington Research raised their target price on shares of Tivity Health from $15.00 to $27.00 and gave the company an "outperform" rating in a research report on Thursday, August 6th. ValuEngine downgraded shares of Tivity Health from a "sell" rating to a "strong sell" rating in a research report on Monday, September 28th. Piper Sandler raised their target price on shares of Tivity Health from $10.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, November 6th. Finally, Cantor Fitzgerald raised shares of Tivity Health from a "neutral" rating to an "overweight" rating and set a $25.00 target price for the company in a research report on Tuesday. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of "Hold" and a consensus price target of $19.89.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dendur Capital LP raised its holdings in Tivity Health by 4.5% during the second quarter. Dendur Capital LP now owns 1,868,348 shares of the company's stock worth $21,168,000 after buying an additional 80,453 shares during the last quarter. State Street Corp raised its holdings in Tivity Health by 13.3% during the first quarter. State Street Corp now owns 1,809,624 shares of the company's stock worth $11,383,000 after buying an additional 212,532 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Tivity Health by 11.4% during the third quarter. JPMorgan Chase & Co. now owns 648,837 shares of the company's stock worth $9,083,000 after buying an additional 66,345 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in Tivity Health by 11.3% during the third quarter. Assenagon Asset Management S.A. now owns 539,627 shares of the company's stock worth $7,566,000 after buying an additional 54,768 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Tivity Health by 7.0% during the third quarter. Principal Financial Group Inc. now owns 456,913 shares of the company's stock worth $6,406,000 after buying an additional 29,881 shares during the last quarter. Hedge funds and other institutional investors own 99.21% of the company's stock.

About Tivity Health

Tivity Health, Inc provides fitness, nutrition, and social connection solutions in the United States. It operates through two segments, Healthcare and Nutrition. The Healthcare segment offers SilverSneakers senior fitness program to the members of Medicare advantage and Medicare supplement programs; Prime fitness, a fitness facility access program through commercial health plans, employers, and other sponsoring organizations; health plans through WholeHealth Living program; and health services, such as chiropractic care, acupuncture, physical therapy, occupational therapy, speech therapy, and others.

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