State Board of Administration of Florida Retirement System Sells 437 Shares of Nutrisystem Inc. (NTRI)
State Board of Administration of Florida Retirement System lowered its stake in Nutrisystem Inc. (NASDAQ:NTRI) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,900 shares of the company’s stock after selling 437 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.06% of Nutrisystem worth $479,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Nutrisystem during the second quarter valued at $508,000. Emerald Acquisition Ltd. acquired a new stake in shares of Nutrisystem during the second quarter valued at $1,035,000. Swiss National Bank increased its stake in shares of Nutrisystem by 3.0% in the second quarter. Swiss National Bank now owns 48,800 shares of the company’s stock valued at $1,238,000 after buying an additional 1,400 shares during the period. Suntrust Banks Inc. increased its stake in shares of Nutrisystem by 1.4% in the second quarter. Suntrust Banks Inc. now owns 14,955 shares of the company’s stock valued at $378,000 after buying an additional 205 shares during the period. Finally, Societe Generale acquired a new stake in shares of Nutrisystem during the second quarter valued at $508,000. Institutional investors and hedge funds own 93.77% of the company’s stock.
Shares of Nutrisystem Inc. (NASDAQ:NTRI) traded down 0.99% on Friday, reaching $30.01. 29,190 shares of the company’s stock were exchanged. Nutrisystem Inc. has a 1-year low of $17.25 and a 1-year high of $30.57. The stock’s 50-day moving average price is $28.94 and its 200-day moving average price is $25.90. The company has a market capitalization of $878.51 million, a P/E ratio of 29.68 and a beta of 0.76.
Nutrisystem (NASDAQ:NTRI) last released its earnings results on Wednesday, July 27th. The company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.04. The company earned $149.80 million during the quarter, compared to the consensus estimate of $148.77 million. Nutrisystem had a net margin of 5.87% and a return on equity of 45.65%. The company’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS. Analysts anticipate that Nutrisystem Inc. will post $1.11 EPS for the current fiscal year.
Several research analysts recently issued reports on NTRI shares. Zacks Investment Research cut shares of Nutrisystem from a “buy” rating to a “hold” rating in a report on Tuesday. Citigroup Inc. increased their price target on shares of Nutrisystem from $31.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, September 13th. B. Riley reissued a “buy” rating and set a $41.00 price target on shares of Nutrisystem in a report on Monday, September 12th. Finally, Barrington Research reissued an “outperform” rating on shares of Nutrisystem in a report on Sunday, July 31st. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Nutrisystem has an average rating of “Buy” and a consensus price target of $32.67.
In other news, insider Dawn M. Zier sold 25,000 shares of Nutrisystem stock in a transaction dated Tuesday, September 20th. The shares were sold at an average price of $28.62, for a total value of $715,500.00. Following the completion of the transaction, the insider now directly owns 247,171 shares of the company’s stock, valued at approximately $7,074,034.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Brian Tierney sold 7,000 shares of Nutrisystem stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $29.25, for a total transaction of $204,750.00. Following the completion of the transaction, the director now directly owns 40,620 shares of the company’s stock, valued at $1,188,135. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.
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.
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