Credit Suisse AG Has $5.29 Million Stake in NutriSystem Inc (NTRI)
Credit Suisse AG increased its position in NutriSystem Inc (NASDAQ:NTRI) by 43.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,314 shares of the company’s stock after buying an additional 28,916 shares during the period. Credit Suisse AG’s holdings in NutriSystem were worth $5,290,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Caxton Associates LP bought a new position in shares of NutriSystem during the first quarter worth approximately $283,000. State Street Corp increased its position in shares of NutriSystem by 1.1% in the first quarter. State Street Corp now owns 764,883 shares of the company’s stock worth $42,454,000 after buying an additional 8,111 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of NutriSystem during the first quarter worth approximately $226,000. Bank of America Corp DE increased its position in shares of NutriSystem by 10.2% in the first quarter. Bank of America Corp DE now owns 206,640 shares of the company’s stock worth $11,468,000 after buying an additional 19,061 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of NutriSystem by 9.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 226,416 shares of the company’s stock worth $12,567,000 after buying an additional 20,484 shares in the last quarter. 92.51% of the stock is owned by institutional investors and hedge funds.
NutriSystem Inc (NTRI) opened at 59.20 on Friday. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 43.95 and a beta of 1.11. NutriSystem Inc has a 12-month low of $25.82 and a 12-month high of $59.70. The stock has a 50 day moving average price of $52.17 and a 200-day moving average price of $47.30.
NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings results on Wednesday, April 26th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.08. The business had revenue of $212.68 million for the quarter, compared to the consensus estimate of $202.87 million. NutriSystem had a return on equity of 44.63% and a net margin of 6.78%. The business’s revenue was up 31.2% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. Equities analysts forecast that NutriSystem Inc will post $1.69 earnings per share for the current year.
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A number of equities analysts have recently commented on the company. BidaskClub raised NutriSystem from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Craig Hallum set a $70.00 target price on NutriSystem and gave the stock a “buy” rating in a research note on Tuesday, July 18th. Zacks Investment Research cut NutriSystem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Sidoti upgraded NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a research note on Monday, June 12th. Finally, Argus boosted their target price on NutriSystem from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $55.80.
In related news, insider Dawn M. Zier sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $49.65, for a total value of $1,489,500.00. Following the sale, the insider now owns 217,289 shares of the company’s stock, valued at approximately $10,788,398.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Brian Tierney sold 2,147 shares of NutriSystem stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $48.61, for a total value of $104,365.67. The disclosure for this sale can be found here. In the last three months, insiders sold 118,654 shares of company stock worth $6,030,384. Company 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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