Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Nutrisystem Inc. (NASDAQ:NTRI) during the second quarter, Holdings Channel reports. The firm acquired 509,302 shares of the company’s stock, valued at approximately $12,916,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Eagle Asset Management Inc. increased its position in shares of Nutrisystem by 7.0% in the second quarter. Eagle Asset Management Inc. now owns 1,979,284 shares of the company’s stock worth $50,194,000 after buying an additional 130,060 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of Nutrisystem by 86.4% in the first quarter. Panagora Asset Management Inc. now owns 245,592 shares of the company’s stock worth $5,126,000 after buying an additional 113,808 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in shares of Nutrisystem during the first quarter worth about $2,068,000. Mckinley Capital Management LLC Delaware increased its position in shares of Nutrisystem by 45.3% in the first quarter. Mckinley Capital Management LLC Delaware now owns 314,723 shares of the company’s stock worth $6,568,000 after buying an additional 98,085 shares in the last quarter. Finally, Scholtz & Company LLC purchased a new position in shares of Nutrisystem during the first quarter worth about $1,548,000. 93.77% of the stock is owned by institutional investors and hedge funds.
Nutrisystem Inc. (NASDAQ:NTRI) traded up 1.62% during mid-day trading on Wednesday, reaching $30.15. 153,579 shares of the company’s stock were exchanged. The company has a market capitalization of $882.61 million, a P/E ratio of 29.82 and a beta of 0.76. The company’s 50 day moving average price is $28.87 and its 200-day moving average price is $25.83. Nutrisystem Inc. has a 52 week low of $17.25 and a 52 week high of $30.57.
Nutrisystem (NASDAQ:NTRI) last posted its earnings results on Wednesday, July 27th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.04. The firm earned $149.80 million during the quarter, compared to the consensus estimate of $148.77 million. Nutrisystem had a net margin of 5.87% and a return on equity of 45.65%. The company’s revenue was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. On average, equities research analysts expect that Nutrisystem Inc. will post $1.11 earnings per share for the current fiscal year.
A number of brokerages recently issued reports on NTRI. Zacks Investment Research downgraded shares of Nutrisystem from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup Inc. lifted their price target on shares of Nutrisystem from $31.00 to $36.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 13th. B. Riley reiterated a “buy” rating and issued a $41.00 price target on shares of Nutrisystem in a research note on Monday, September 12th. Finally, Barrington Research reiterated an “outperform” rating on shares of Nutrisystem in a research note on Sunday, July 31st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $32.67.
In related news, insider Dawn M. Zier sold 25,000 shares of the stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $28.62, for a total transaction of $715,500.00. Following the completion of the sale, the insider now owns 247,171 shares of the company’s stock, valued at approximately $7,074,034.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brian Tierney sold 7,000 shares of the stock in a transaction that occurred on Tuesday, August 16th. The stock was sold at an average price of $29.25, for a total transaction of $204,750.00. Following the sale, the director now directly owns 40,620 shares of the company’s stock, valued at approximately $1,188,135. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.
Nutrisystem, Inc (Nutrisystem) 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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