EAM Investors LLC Sells 19,681 Shares of NutriSystem Inc (NTRI)
EAM Investors LLC lessened its holdings in NutriSystem Inc (NASDAQ:NTRI) by 24.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,587 shares of the company’s stock after selling 19,681 shares during the period. EAM Investors LLC owned 0.20% of NutriSystem worth $3,102,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of 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 purchasing an additional 3,551,122 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of 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 purchasing an additional 30,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of NutriSystem by 50.3% in the second quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock valued at $127,974,000 after purchasing an additional 823,221 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of NutriSystem by 73.7% in the second quarter. Prudential Financial Inc. now owns 1,302,467 shares of the company’s stock valued at $67,794,000 after purchasing an additional 552,420 shares in the last quarter. Finally, Copper Rock Capital Partners LLC lifted its holdings in shares of 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 purchasing an additional 530,805 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors.
Several brokerages have issued reports on NTRI. B. Riley reaffirmed a “buy” rating and issued a $74.00 price target on shares of NutriSystem in a report on Friday, July 28th. Barrington Research raised shares of NutriSystem from a “market perform” rating to an “outperform” rating and set a $65.00 price target on the stock in a report on Monday, July 31st. DA Davidson reaffirmed a “buy” rating and issued a $79.00 price target (up previously from $64.00) on shares of NutriSystem in a report on Sunday, July 30th. Lake Street Capital set a $73.00 price target on shares of NutriSystem and gave the company a “buy” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research downgraded shares of NutriSystem from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 28th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $68.11.
NutriSystem Inc (NASDAQ NTRI) opened at 53.00 on Monday. NutriSystem Inc has a 52 week low of $29.05 and a 52 week high of $67.95. The stock has a market cap of $1.58 billion, a P/E ratio of 32.84 and a beta of 1.15. The company’s 50 day moving average is $53.23 and its 200 day moving average is $52.80.
NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.18. The company had revenue of $194.90 million for the quarter, compared to analysts’ expectations of $180.75 million. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The business’s revenue was up 30.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. Equities analysts predict that NutriSystem Inc will post $1.91 earnings per share for the current year.
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In other NutriSystem news, insider Dawn M. Zier sold 30,121 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $52.27, for a total value of $1,574,424.67. Following the completion of the transaction, the insider now directly owns 214,646 shares in the company, valued at $11,219,546.42. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Dawn M. Zier sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $52.71, for a total transaction of $1,581,300.00. Following the completion of the transaction, the insider now owns 283,931 shares of the company’s stock, valued at $14,966,003.01. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,221 shares of company stock valued at $5,633,245. Corporate 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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