Stock Traders Purchase High Volume of Tivity Health Put Options (NASDAQ:TVTY)

Tivity Health Inc (NASDAQ:TVTY) was the recipient of unusually large options trading on Tuesday. Stock traders acquired 848 put options on the company. This is an increase of approximately 1,337% compared to the typical volume of 59 put options.

Several equities research analysts have recently weighed in on the company. BidaskClub downgraded Tivity Health from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 15th. Zacks Investment Research downgraded Tivity Health from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 14th. Barrington Research set a $40.00 target price on Tivity Health and gave the company a “buy” rating in a research report on Friday, May 10th. Oppenheimer increased their target price on Tivity Health from $31.00 to $36.00 in a research report on Thursday, May 9th. Finally, Cantor Fitzgerald raised their price objective on Tivity Health from $40.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $33.00.

In related news, Director Bradley S. Karro acquired 2,900 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 24,696 shares in the company, valued at approximately $408,471.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Sara Finley acquired 2,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were 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.

A number of hedge funds have recently bought and sold shares of the stock. Piedmont Investment Advisors Inc. boosted its holdings in Tivity Health by 5.5% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 9,729 shares of the company’s stock worth $241,000 after buying an additional 511 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Tivity Health by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 17,112 shares of the company’s stock worth $425,000 after purchasing an additional 667 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Tivity Health by 5.7% during the 4th quarter. State of Alaska Department of Revenue now owns 13,691 shares of the company’s stock worth $339,000 after purchasing an additional 737 shares during the last quarter. Advisor Group Inc. lifted its holdings in Tivity Health by 364.2% in the fourth quarter. Advisor Group Inc. now owns 1,142 shares of the company’s stock valued at $29,000 after acquiring an additional 896 shares during the last quarter. Finally, Blair William & Co. IL lifted its holdings in Tivity Health by 4.2% in the first quarter. Blair William & Co. IL now owns 22,604 shares of the company’s stock valued at $397,000 after acquiring an additional 914 shares during the last quarter.

Shares of NASDAQ TVTY remained flat at $$18.26 during trading on Thursday. The company’s stock had a trading volume of 668,088 shares, compared to its average volume of 1,256,300. The stock has a market cap of $894.42 million, a price-to-earnings ratio of 7.80, a P/E/G ratio of 0.77 and a beta of 1.10. Tivity Health has a twelve month low of $16.25 and a twelve month high of $41.46. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.86 and a quick ratio of 0.71.

Tivity Health (NASDAQ:TVTY) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.01. Tivity Health had a return on equity of 26.02% and a net margin of 12.18%. The business had revenue of $214.10 million during the quarter, compared to analyst estimates of $200.39 million. During the same quarter last year, the business posted $0.49 EPS. The company’s revenue was up 42.8% on a year-over-year basis. Sell-side analysts expect that Tivity Health will post 2.35 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Stock Traders Purchase High Volume of Tivity Health Put Options (NASDAQ:TVTY)” was first reported by Rockland Register and is the property of of Rockland Register. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://rocklandregister.com/2019/05/30/tivity-health-sees-unusually-large-options-volume-tvty.html.

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.

See Also: How do taxes affect a CDs total return?

Receive News & Ratings for Tivity Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tivity Health and related companies with MarketBeat.com's FREE daily email newsletter.