New Amsterdam Partners LLC NY Raises Stake in NutriSystem Inc (NTRI)
New Amsterdam Partners LLC NY increased its stake in NutriSystem Inc (NASDAQ:NTRI) by 99.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 212,687 shares of the company’s stock after buying an additional 106,000 shares during the period. NutriSystem makes up 2.4% of New Amsterdam Partners LLC NY’s portfolio, making the stock its 3rd largest position. New Amsterdam Partners LLC NY’s holdings in NutriSystem were worth $11,070,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in NTRI. BlackRock Inc. raised 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 during the period. Renaissance Technologies LLC raised 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 during the period. Vanguard Group Inc. raised 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 during the period. Copper Rock Capital Partners LLC raised 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 during the period. Finally, Dimensional Fund Advisors LP raised 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 during the period. 94.79% of the stock is currently owned by institutional investors.
Shares of NutriSystem Inc (NTRI) opened at 53.95 on Friday. The company has a 50-day moving average price of $54.77 and a 200 day moving average price of $49.53. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 33.43 and a beta of 1.13. NutriSystem Inc has a 1-year low of $26.90 and a 1-year high of $67.95.
NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.18. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The firm had revenue of $194.90 million during the quarter, compared to analysts’ expectations of $180.75 million. During the same period in the prior year, the business earned $0.54 EPS. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. On average, equities research analysts predict that NutriSystem Inc will post $1.91 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Monday, August 7th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Thursday, August 3rd. NutriSystem’s payout ratio is currently 43.48%.
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NTRI has been the topic of several analyst reports. Wunderlich lowered NutriSystem from a “buy” rating to a “hold” rating and increased their target price for the stock from $52.00 to $60.00 in a report on Thursday, April 27th. BidaskClub lowered NutriSystem from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. Craig Hallum set a $70.00 target price on NutriSystem and gave the stock a “buy” rating in a report on Thursday, April 27th. DA Davidson reissued a “buy” rating and set a $79.00 target price (up from $64.00) on shares of NutriSystem in a report on Sunday, July 30th. Finally, B. Riley reissued a “buy” rating and set a $74.00 target price on shares of NutriSystem in a report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. NutriSystem currently has a consensus rating of “Buy” and a consensus target price of $64.90.
In other news, insider Keira Krausz sold 5,554 shares of the company’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $49.58, for a total value of $275,367.32. Following the completion of the transaction, the insider now directly owns 61,067 shares in the company, valued at approximately $3,027,701.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael P. Monahan sold 5,000 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 37,743 shares of the company’s stock, valued at $1,888,282.29. The disclosure for this sale can be found here. Insiders sold a total of 104,564 shares of company stock valued at $5,448,859 over the last quarter. Company insiders own 2.40% of the company’s stock.
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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