New York State Common Retirement Fund reduced its stake in NutriSystem Inc (NASDAQ:NTRI) by 3.9% during the second quarter, according to its most recent filing with the SEC. The fund owned 66,674 shares of the company’s stock after selling 2,680 shares during the quarter. New York State Common Retirement Fund owned 0.22% of NutriSystem worth $3,470,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NTRI. Meeder Asset Management Inc. purchased a new position in shares of NutriSystem in the 2nd quarter worth about $106,000. FNY Partners Fund LP purchased a new position in shares of NutriSystem in the 1st quarter worth about $111,000. Riverhead Capital Management LLC boosted its holdings in shares of NutriSystem by 62.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,431 shares of the company’s stock worth $126,000 after buying an additional 931 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of NutriSystem in the 1st quarter worth about $130,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of NutriSystem by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 2,646 shares of the company’s stock worth $138,000 after buying an additional 397 shares during the last quarter. 92.59% of the stock is currently owned by institutional investors.

A number of brokerages recently weighed in on NTRI. B. Riley reissued a “buy” rating and issued a $74.00 price target on shares of NutriSystem in a report on Friday, July 28th. BidaskClub raised shares of NutriSystem from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. DA Davidson reaffirmed a “buy” rating and set a $79.00 price objective (up from $64.00) on shares of NutriSystem in a report on Sunday, July 30th. Zacks Investment Research downgraded shares of NutriSystem from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the company a “buy” rating in a report on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. NutriSystem currently has a consensus rating of “Buy” and a consensus price target of $68.11.

In other NutriSystem news, insider Dawn M. Zier sold 30,121 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $52.27, for a total value of $1,574,424.67. Following the transaction, the insider now directly owns 214,646 shares of the company’s stock, valued at $11,219,546.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dawn M. Zier sold 29,100 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $54.00, for a total value of $1,571,400.00. Following the completion of the transaction, the insider now directly owns 273,867 shares in the company, valued at $14,788,818. The disclosure for this sale can be found here. Insiders sold 91,355 shares of company stock worth $4,903,650 over the last three months. Insiders own 2.40% of the company’s stock.

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Shares of NutriSystem Inc (NTRI) opened at 57.80 on Friday. NutriSystem Inc has a 12-month low of $29.80 and a 12-month high of $67.95. The firm’s 50-day moving average is $54.81 and its 200 day moving average is $53.45. The stock has a market capitalization of $1.72 billion, a P/E ratio of 35.81 and a beta of 1.15.

NutriSystem (NASDAQ:NTRI) last announced its earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.18. The business had revenue of $194.90 million for the quarter, compared to analysts’ expectations of $180.75 million. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. During the same period last year, the firm posted $0.54 earnings per share. On average, equities research analysts forecast that NutriSystem Inc will post $1.91 EPS for the current fiscal year.

NutriSystem Profile

Nutrisystem, Inc is a provider of weight management products and services, including nutritionally balanced weight loss programs, multi-day kits available at retail locations and digital tools to support weight loss. The Company’s program customers purchase monthly food packages containing four-week meal plan consisting supply of breakfasts, lunches, dinners and snacks and flex meal plan recipes, which they supplement with fresh fruits, vegetables and dairy.

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Institutional Ownership by Quarter for NutriSystem (NASDAQ:NTRI)

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