Alps Advisors Inc. Sells 1,497 Shares of Nutrisystem Inc. (NTRI)
Alps Advisors Inc. cut its position in shares of Nutrisystem Inc. (NASDAQ:NTRI) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 20,399 shares of the company’s stock after selling 1,497 shares during the period. Alps Advisors Inc.’s holdings in Nutrisystem were worth $517,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Renaissance Technologies LLC increased its position in shares of Nutrisystem by 2.1% in the first quarter. Renaissance Technologies LLC now owns 2,777,800 shares of the company’s stock worth $57,973,000 after buying an additional 56,800 shares during the period. Eagle Asset Management Inc. increased its position in shares of Nutrisystem by 7.0% in the second quarter. Eagle Asset Management Inc. now owns 1,979,284 shares of the company’s stock worth $50,194,000 after buying an additional 130,060 shares during the period. Copper Rock Capital Partners LLC increased its position in shares of Nutrisystem by 1.6% in the second quarter. Copper Rock Capital Partners LLC now owns 1,272,451 shares of the company’s stock worth $32,269,000 after buying an additional 19,761 shares during the period. Mckinley Capital Management LLC Delaware increased its position in shares of Nutrisystem by 45.3% in the first quarter. Mckinley Capital Management LLC Delaware now owns 314,723 shares of the company’s stock worth $6,568,000 after buying an additional 98,085 shares during the period. Finally, Panagora Asset Management Inc. increased its position in shares of Nutrisystem by 86.4% in the first quarter. Panagora Asset Management Inc. now owns 245,592 shares of the company’s stock worth $5,126,000 after buying an additional 113,808 shares during the period. 93.77% of the stock is owned by hedge funds and other institutional investors.
Shares of Nutrisystem Inc. (NASDAQ:NTRI) traded down 0.67% during midday trading on Monday, hitting $29.49. The company had a trading volume of 215,624 shares. The stock’s 50-day moving average price is $28.88 and its 200-day moving average price is $25.76. The company has a market cap of $863.29 million, a price-to-earnings ratio of 29.17 and a beta of 0.76. Nutrisystem Inc. has a 12 month low of $17.25 and a 12 month high of $30.45.
Nutrisystem (NASDAQ:NTRI) last announced its earnings results on Wednesday, July 27th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.50 by $0.04. The business had revenue of $149.80 million for the quarter, compared to the consensus estimate of $148.77 million. Nutrisystem had a return on equity of 45.65% and a net margin of 5.87%. The company’s revenue was up 15.0% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. On average, equities research analysts forecast that Nutrisystem Inc. will post $1.11 EPS for the current year.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Nutrisystem from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 7th. B. Riley reissued a “buy” rating and issued a $41.00 price objective on shares of Nutrisystem in a report on Wednesday, July 27th. Barrington Research reissued an “outperform” rating on shares of Nutrisystem in a report on Sunday, July 31st. Finally, Citigroup Inc. increased their price objective on Nutrisystem from $31.00 to $36.00 and gave the company a “neutral” rating in a report on Tuesday, September 13th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $32.67.
In related news, insider Dawn M. Zier sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $26.10, for a total transaction of $652,500.00. Following the sale, the insider now directly owns 247,171 shares in the company, valued at approximately $6,451,163.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CMO Keira Krausz sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $26.26, for a total value of $525,200.00. Following the sale, the chief marketing officer now owns 92,362 shares in the company, valued at $2,425,426.12. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.
Nutrisystem Company Profile
Nutrisystem, Inc (Nutrisystem) 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.
Want to see what other hedge funds are holding NTRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nutrisystem Inc. (NASDAQ:NTRI).
Receive News & Ratings for Nutrisystem Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutrisystem Inc. and related companies with MarketBeat.com's FREE daily email newsletter.