NutriSystem Inc. (NTRI) Holdings Trimmed by Renaissance Technologies LLC
Renaissance Technologies LLC decreased its position in NutriSystem Inc. (NASDAQ:NTRI) by 93.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 94,500 shares of the company’s stock after selling 1,392,300 shares during the period. Renaissance Technologies LLC owned about 0.32% of NutriSystem worth $3,638,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atria Investments LLC purchased a new position in NutriSystem in the second quarter valued at $394,000. First Mercantile Trust Co. purchased a new position in NutriSystem in the second quarter valued at $119,000. Aperio Group LLC purchased a new position in NutriSystem in the second quarter valued at $313,000. Guggenheim Capital LLC increased its holdings in NutriSystem by 8.3% in the first quarter. Guggenheim Capital LLC now owns 56,018 shares of the company’s stock valued at $1,509,000 after buying an additional 4,308 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in NutriSystem in the second quarter valued at $259,000.
A number of research firms have weighed in on NTRI. Zacks Investment Research cut shares of NutriSystem from a “hold” rating to a “sell” rating in a report on Thursday. DA Davidson cut shares of NutriSystem from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $40.00 to $28.00 in a report on Monday, October 15th. BidaskClub raised shares of NutriSystem from a “sell” rating to a “hold” rating in a research note on Saturday, October 13th. ValuEngine raised shares of NutriSystem from a “strong sell” rating to a “sell” rating in a research note on Friday, October 12th. Finally, Barrington Research reissued a “hold” rating on shares of NutriSystem in a research note on Friday, October 5th. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $44.50.
NutriSystem (NASDAQ:NTRI) last released its earnings results on Monday, July 30th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.06. The business had revenue of $191.30 million during the quarter, compared to analysts’ expectations of $189.07 million. NutriSystem had a net margin of 7.94% and a return on equity of 43.29%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.80 earnings per share. As a group, research analysts forecast that NutriSystem Inc. will post 2.06 EPS for the current fiscal year.
NutriSystem Company Profile
Nutrisystem, Inc, together with its subsidiaries, provides weight management products and services for women and men in the United States. The company offers weight loss programs that consist primarily of a pre-packaged food program, digital tools, and counseling. It also provides Nutrisystem Lean13 program, which provides weight loss, and support and counseling services; the South Beach Diet, a weight-loss program; and Nutrisystem 5-day kit, a ?D' kit that offers individuals with or at risk of type 2 diabetes.
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