22,462 Shares in NutriSystem Inc (NTRI) Purchased by Laurion Capital Management LP
Laurion Capital Management LP bought a new position in shares of NutriSystem Inc (NASDAQ:NTRI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 22,462 shares of the company’s stock, valued at approximately $1,170,000. Laurion Capital Management LP owned approximately 0.08% of NutriSystem as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. FNY Partners Fund LP purchased a new position in shares of NutriSystem during the first quarter worth about $111,000. Meeder Asset Management Inc. purchased a new position in shares of NutriSystem during the second quarter worth about $106,000. Ameritas Investment Partners Inc. purchased a new position in shares of NutriSystem during the first quarter worth about $130,000. Riverhead Capital Management LLC grew its holdings in shares of NutriSystem by 62.1% during the second quarter. Riverhead Capital Management LLC now owns 2,431 shares of the company’s stock worth $126,000 after buying an additional 931 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of NutriSystem by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,646 shares of the company’s stock worth $138,000 after buying an additional 397 shares during the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.
Shares of NutriSystem Inc (NTRI) opened at 53.00 on Friday. NutriSystem Inc has a one year low of $28.72 and a one year high of $67.95. The firm has a 50-day moving average price of $53.23 and a 200-day moving average price of $52.80. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 32.84 and a beta of 1.15.
NutriSystem (NASDAQ:NTRI) last released its quarterly earnings data on Wednesday, July 26th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.18. The firm had revenue of $194.90 million for the quarter, compared to analyst estimates of $180.75 million. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. NutriSystem’s quarterly revenue was up 30.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 earnings per share. Analysts anticipate that NutriSystem Inc will post $1.91 earnings per share for the current fiscal year.
A number of equities analysts recently issued reports on the company. B. Riley reissued a “buy” rating and set a $74.00 price target on shares of NutriSystem in a report on Friday, July 28th. BidaskClub raised NutriSystem from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. DA Davidson reissued a “buy” rating and set a $79.00 price target (up previously from $64.00) on shares of NutriSystem in a report on Sunday, July 30th. Zacks Investment Research lowered NutriSystem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, Lake Street Capital set a $73.00 price target on NutriSystem and gave the stock a “buy” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. NutriSystem presently has an average rating of “Buy” and a consensus price target of $68.11.
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In other NutriSystem news, insider Dawn M. Zier sold 29,100 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $54.00, for a total value of $1,571,400.00. Following the sale, the insider now owns 273,867 shares in the company, valued at $14,788,818. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dawn M. Zier sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $52.71, for a total transaction of $1,581,300.00. Following the completion of the sale, the insider now owns 283,931 shares in the company, valued at approximately $14,966,003.01. The disclosure for this sale can be found here. Insiders sold 106,221 shares of company stock worth $5,633,245 in the last 90 days. 2.40% of the stock is owned by company 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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