Ajo LP purchased a new position in shares of NutriSystem Inc (NASDAQ:NTRI) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 39,672 shares of the company’s stock, valued at approximately $2,065,000. Ajo LP owned 0.13% of NutriSystem at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of NTRI. BlackRock Inc. lifted its holdings in shares of NutriSystem by 114,552.3% during the 1st quarter. BlackRock Inc. now owns 3,554,222 shares of the company’s stock worth $197,259,000 after acquiring an additional 3,551,122 shares during the period. Prudential Financial Inc. lifted its holdings in shares of NutriSystem by 73.7% during the 2nd quarter. Prudential Financial Inc. now owns 1,302,467 shares of the company’s stock worth $67,794,000 after acquiring an additional 552,420 shares during the period. Copper Rock Capital Partners LLC lifted its holdings in shares of NutriSystem by 74.5% during the 2nd quarter. Copper Rock Capital Partners LLC now owns 1,243,535 shares of the company’s stock worth $43,088,000 after acquiring an additional 530,805 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of NutriSystem by 102.5% during the 2nd quarter. Acadian Asset Management LLC now owns 989,763 shares of the company’s stock worth $51,518,000 after acquiring an additional 500,907 shares during the period. Finally, FMR LLC lifted its holdings in shares of NutriSystem by 70.0% during the 1st quarter. FMR LLC now owns 725,759 shares of the company’s stock worth $40,280,000 after acquiring an additional 298,959 shares during the period. 92.59% of the stock is owned by institutional investors.
In other NutriSystem news, insider Dawn M. Zier sold 30,121 shares of the business’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $52.27, for a total transaction of $1,574,424.67. Following the transaction, the insider now directly owns 214,646 shares of the company’s stock, valued at approximately $11,219,546.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Dawn M. Zier sold 30,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 283,931 shares in the company, valued at $14,966,003.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,221 shares of company stock worth $5,633,245. 2.40% of the stock is owned by insiders.
Shares of NutriSystem Inc (NASDAQ NTRI) opened at 51.50 on Tuesday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 31.91 and a beta of 1.15. The stock has a 50 day moving average of $53.34 and a 200-day moving average of $52.78. NutriSystem Inc has a 1-year low of $28.05 and a 1-year high of $67.95.
NutriSystem (NASDAQ:NTRI) last issued its earnings results on Wednesday, July 26th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.62 by $0.18. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The company had revenue of $194.90 million for the quarter, compared to the consensus estimate of $180.75 million. During the same period in the previous year, the firm earned $0.54 earnings per share. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. Analysts forecast that NutriSystem Inc will post $1.91 earnings per share for the current year.
A number of analysts have recently weighed in on NTRI shares. Sidoti raised shares of NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a report on Monday, June 12th. BidaskClub cut shares of NutriSystem from a “buy” rating to a “hold” rating in a research report on Thursday, June 15th. Zacks Investment Research cut shares of NutriSystem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Craig Hallum set a $70.00 price objective on shares of NutriSystem and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Finally, DA Davidson reiterated a “buy” rating and set a $64.00 price objective on shares of NutriSystem in a research report on Monday, July 24th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $68.11.
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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