Louisiana State Employees Retirement System Continues to Hold Position in NutriSystem Inc (NTRI)
Louisiana State Employees Retirement System held its stake in NutriSystem Inc (NASDAQ:NTRI) during the second quarter, Holdings Channel reports. The institutional investor owned 12,200 shares of the company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in NutriSystem were worth $635,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. BlackRock Inc. boosted its stake in NutriSystem by 114,552.3% in the first quarter. BlackRock Inc. now owns 3,554,222 shares of the company’s stock valued at $197,259,000 after buying an additional 3,551,122 shares in the last quarter. Renaissance Technologies LLC boosted its stake in NutriSystem by 1.2% in the first quarter. Renaissance Technologies LLC now owns 2,487,900 shares of the company’s stock valued at $138,078,000 after buying an additional 30,000 shares in the last quarter. Vanguard Group Inc. boosted its stake in NutriSystem by 14.7% in the first quarter. Vanguard Group Inc. now owns 1,635,465 shares of the company’s stock valued at $90,768,000 after buying an additional 209,852 shares in the last quarter. Copper Rock Capital Partners LLC boosted its stake in NutriSystem by 74.5% in the second quarter. Copper Rock Capital Partners LLC now owns 1,243,535 shares of the company’s stock valued at $43,088,000 after buying an additional 530,805 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in NutriSystem by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,100,188 shares of the company’s stock valued at $61,061,000 after buying an additional 4,799 shares in the last quarter. 94.79% of the stock is owned by institutional investors.
Shares of NutriSystem Inc (NTRI) traded up 2.15% on Monday, reaching $54.55. The company had a trading volume of 126,664 shares. The company’s 50-day moving average price is $54.16 and its 200-day moving average price is $48.76. NutriSystem Inc has a 52-week low of $26.90 and a 52-week high of $67.95. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 33.80 and a beta of 1.13.
NutriSystem (NASDAQ:NTRI) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.18. The business had revenue of $194.90 million during the quarter, compared to the consensus estimate of $180.75 million. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The firm’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 EPS. On average, analysts predict that NutriSystem Inc will post $1.88 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Investors of record on Monday, August 7th will be paid a $0.175 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $0.70 annualized dividend and a yield of 1.31%. NutriSystem’s dividend payout ratio (DPR) is presently 43.48%.
Several equities research analysts have recently weighed in on NTRI shares. Wunderlich cut NutriSystem from a “buy” rating to a “hold” rating and increased their price objective for the company from $52.00 to $60.00 in a research report on Thursday, April 27th. BidaskClub cut NutriSystem from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Craig Hallum set a $70.00 price objective on NutriSystem and gave the company a “buy” rating in a research report on Thursday, April 27th. DA Davidson reissued a “buy” rating and issued a $79.00 price objective (up from $64.00) on shares of NutriSystem in a research report on Sunday, July 30th. Finally, B. Riley reissued a “buy” rating and issued a $74.00 price objective on shares of NutriSystem in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $64.90.
In related news, CFO Michael P. Monahan sold 5,000 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $50.03, for a total value of $250,150.00. Following the completion of the sale, the chief financial officer now directly owns 37,743 shares in the company, valued at approximately $1,888,282.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Dawn M. Zier sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $49.65, for a total value of $1,489,500.00. Following the completion of the sale, the insider now owns 217,289 shares of the company’s stock, valued at $10,788,398.85. The disclosure for this sale can be found here. Insiders sold a total of 105,464 shares of company stock valued at $5,366,959 over the last 90 days. 2.40% of the stock is currently owned by corporate insiders.
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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