In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Tivity Health Inc. (NASDAQ:TVTY) reported that Jpmorgan Chase & Co. has picked up 739,317 of common stock as of 2017-05-04.
The acquisition brings the aggregate amount owned by Jpmorgan Chase & Co. to a total of 739,317 representing less than app. 1.8% stake in the company.
Tivity Health, Inc., formerly Healthways, Inc., is focused targeted population health for those aged 50 and older. The Company offers three programs: SilverSneakers senior fitness, Prime fitness and WholeHealth Living. The SilverSneakers senior fitness program is offered to members of Medicare Advantage, Medicare Supplement, and Group Retiree plans. The Company also offers Prime fitness, a fitness facility access program, through commercial health plans, employers and insurance exchanges. Its national network of fitness centers delivers both SilverSneakers and Prime fitness. As of December 31, 2016, the Company’s fitness networks encompassed approximately 16,000 participating locations and more than 1,000 alternative locations that provide classes outside of traditional fitness centers. As of December 31, 2016, the Company’s WholeHealth Living network included over 88,000 complementary, alternative, and physical medicine practitioners to serve individuals through health plans.
A glance at Tivity Health Inc. (NASDAQ:TVTY)’s key stats reveals a current market capitalization of 1.33 Billion based on 39.19 Million shares outstanding and a price at last close of $33.45 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-11-04, Greczyn picked up 5,000 at a purchase price of $19.55. This brings their total holding to 30,578 as of the date of the filing.
On the sell side, the most recent transaction saw England unload 1,763 shares at a sale price of $31.95. This brings their total holding to 19,453.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Tivity Health Inc. (NASDAQ:TVTY) as things move forward to see if its progress aligns with these transactions.
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