Prudential Financial Inc. Decreases Position in Nutrisystem Inc. (NTRI)
Prudential Financial Inc. reduced its stake in shares of Nutrisystem Inc. (NASDAQ:NTRI) by 32.7% during the second quarter, Holdings Channel reports. The institutional investor owned 218,617 shares of the company’s stock after selling 106,050 shares during the period. Prudential Financial Inc. owned approximately 0.75% of Nutrisystem worth $5,544,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in NTRI. Teacher Retirement System of Texas increased its position in Nutrisystem by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 4,062 shares of the company’s stock valued at $103,000 after buying an additional 494 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Nutrisystem by 99.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,586 shares of the company’s stock valued at $243,000 after buying an additional 4,787 shares in the last quarter. Victory Capital Management Inc. increased its position in Nutrisystem by 17.6% in the second quarter. Victory Capital Management Inc. now owns 11,588 shares of the company’s stock valued at $294,000 after buying an additional 1,731 shares in the last quarter. Palo Capital Inc. purchased a new position in Nutrisystem during the second quarter valued at $370,000. Finally, Blair William & Co. IL increased its position in Nutrisystem by 26.9% in the second quarter. Blair William & Co. IL now owns 14,730 shares of the company’s stock valued at $374,000 after buying an additional 3,120 shares in the last quarter. 93.77% of the stock is owned by institutional investors.
Shares of Nutrisystem Inc. (NASDAQ:NTRI) traded down 2.15% during trading on Thursday, hitting $29.65. The stock had a trading volume of 6,427 shares. Nutrisystem Inc. has a one year low of $17.25 and a one year high of $30.80. The company has a market cap of $867.97 million, a P/E ratio of 29.33 and a beta of 0.76. The stock’s 50-day moving average price is $29.05 and its 200-day moving average price is $26.21.
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. Nutrisystem had a return on equity of 45.65% and a net margin of 5.87%. The firm had revenue of $149.80 million for the quarter, compared to the consensus estimate of $148.77 million. During the same period in the prior year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, equities research analysts forecast that Nutrisystem Inc. will post $1.11 EPS for the current fiscal year.
Several research firms have weighed in on NTRI. B. Riley reaffirmed a “buy” rating and issued a $41.00 target price on shares of Nutrisystem in a research report on Wednesday, September 7th. Zacks Investment Research raised Nutrisystem from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Saturday, July 30th. Citigroup Inc. lifted their target price on Nutrisystem from $31.00 to $36.00 and gave the company a “neutral” rating in a research report on Tuesday, September 13th. Finally, Barrington Research reaffirmed an “outperform” rating on shares of Nutrisystem in a research report on Sunday, July 31st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $32.67.
In other news, CMO Keira Krausz sold 20,000 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $26.26, for a total value of $525,200.00. Following the transaction, the chief marketing officer now directly owns 92,362 shares in the company, valued at approximately $2,425,426.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brian Tierney sold 7,000 shares of the firm’s stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $29.25, for a total value of $204,750.00. Following the completion of the transaction, the director now owns 40,620 shares in the company, valued at $1,188,135. 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.
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