NutriSystem Inc (NTRI) Stake Lowered by BlackRock Inc.
BlackRock Inc. trimmed its holdings in shares of NutriSystem Inc (NASDAQ:NTRI) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,498,827 shares of the company’s stock after selling 55,395 shares during the period. BlackRock Inc. owned about 11.75% of NutriSystem worth $182,113,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. FNY Partners Fund LP bought a new stake in shares of NutriSystem during the 1st quarter worth $111,000. Meeder Asset Management Inc. bought a new stake in shares of NutriSystem during the 2nd quarter worth $106,000. Ameritas Investment Partners Inc. bought a new stake in shares of NutriSystem during the 1st quarter worth $130,000. Riverhead Capital Management LLC raised its stake in shares of NutriSystem by 62.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,431 shares of the company’s stock worth $126,000 after purchasing an additional 931 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of NutriSystem by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,646 shares of the company’s stock worth $138,000 after purchasing an additional 397 shares during the period. Institutional investors own 92.59% of the company’s stock.
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 87,556 shares of company stock worth $4,675,710 over the last three months. Insiders own 2.40% of the company’s stock.
Shares of NutriSystem Inc (NTRI) opened at 58.70 on Wednesday. The company has a market capitalization of $1.75 billion, a PE ratio of 36.37 and a beta of 1.15. The company has a 50-day moving average price of $53.83 and a 200-day moving average price of $53.24. NutriSystem Inc has a 52 week low of $29.35 and a 52 week high of $67.95.
NutriSystem (NASDAQ:NTRI) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.62 by $0.18. The company 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%. NutriSystem’s revenue was up 30.1% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. Analysts predict that NutriSystem Inc will post $1.91 earnings per share for the current year.
A number of research firms have recently commented on NTRI. B. Riley reiterated a “buy” rating and set a $74.00 target price on shares of NutriSystem in a research note on Friday, July 28th. Barrington Research upgraded NutriSystem from a “market perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a research note on Monday, July 31st. DA Davidson reiterated a “buy” rating and set a $79.00 target price (up from $64.00) on shares of NutriSystem in a research note on Sunday, July 30th. Lake Street Capital set a $73.00 target price on NutriSystem and gave the stock a “buy” rating in a research note on Thursday, July 27th. Finally, BidaskClub cut NutriSystem from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. NutriSystem currently has an average rating of “Buy” and an average price target of $68.11.
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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