Mason Street Advisors LLC Has $388,000 Stake in NutriSystem Inc (NTRI)
Mason Street Advisors LLC increased its position in shares of NutriSystem Inc (NASDAQ:NTRI) by 8.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,987 shares of the company’s stock after buying an additional 570 shares during the period. Mason Street Advisors LLC’s holdings in NutriSystem were worth $388,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of NTRI. Huntington National Bank acquired a new stake in shares of NutriSystem during the first quarter worth approximately $104,000. Endurance Wealth Management Inc. acquired a new stake in shares of NutriSystem during the first quarter worth approximately $111,000. Ameritas Investment Partners Inc. acquired a new stake in shares of NutriSystem during the first quarter worth approximately $130,000. State of Alaska Department of Revenue raised its stake in shares of NutriSystem by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company’s stock worth $183,000 after buying an additional 100 shares during the period. Finally, ProShare Advisors LLC acquired a new stake in shares of NutriSystem during the first quarter worth approximately $225,000. Institutional investors own 93.02% of the company’s stock.
NutriSystem Inc (NTRI) opened at 50.40 on Tuesday. NutriSystem Inc has a 12 month low of $22.97 and a 12 month high of $57.50. The stock has a market capitalization of $1.49 billion, a PE ratio of 37.42 and a beta of 1.15. The stock has a 50 day moving average price of $50.24 and a 200 day moving average price of $44.62.
NutriSystem (NASDAQ:NTRI) last released its quarterly earnings results on Wednesday, April 26th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.08. NutriSystem had a net margin of 6.78% and a return on equity of 44.63%. The business had revenue of $212.68 million for the quarter, compared to analyst estimates of $202.87 million. During the same period in the previous year, the company earned $0.13 earnings per share. The business’s revenue for the quarter was up 31.2% on a year-over-year basis. On average, equities research analysts forecast that NutriSystem Inc will post $1.69 earnings per share for the current fiscal year.
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NTRI has been the topic of a number of recent analyst reports. Barrington Research lowered NutriSystem from an “outperform” rating to a “market perform” rating in a report on Friday, March 24th. Lake Street Capital lifted their price target on NutriSystem from $41.00 to $52.00 and gave the stock a “buy” rating in a report on Tuesday, February 28th. Zacks Investment Research upgraded NutriSystem from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Thursday, March 2nd. Wunderlich reissued a “buy” rating and issued a $52.00 target price (up from $37.00) on shares of NutriSystem in a research report on Tuesday, February 28th. Finally, Sidoti downgraded NutriSystem from a “buy” rating to a “neutral” rating in a research report on Monday, April 3rd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. NutriSystem presently has a consensus rating of “Buy” and an average target price of $55.80.
In other NutriSystem news, insider Keira Krausz sold 6,043 shares of NutriSystem stock in a transaction on Thursday, April 6th. The shares were sold at an average price of $53.80, for a total value of $325,113.40. Following the transaction, the insider now directly owns 61,556 shares of the company’s stock, valued at $3,311,712.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dawn M. Zier sold 29,910 shares of NutriSystem stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $50.65, for a total transaction of $1,514,941.50. Following the completion of the transaction, the insider now directly owns 261,824 shares in the company, valued at $13,261,385.60. The disclosure for this sale can be found here. Insiders sold 129,697 shares of company stock worth $6,660,347 over the last ninety days. Corporate insiders own 2.40% of the company’s stock.
NutriSystem Company 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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