Nationwide Fund Advisors cut its stake in Nutrisystem Inc. (NASDAQ:NTRI) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 54,956 shares of the company’s stock after selling 173 shares during the period. Nationwide Fund Advisors owned about 0.19% of Nutrisystem worth $1,394,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital One National Association increased its position in Nutrisystem by 29.9% in the second quarter. Capital One National Association now owns 71,098 shares of the company’s stock valued at $1,803,000 after buying an additional 16,358 shares during the period. 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 during the last quarter. James Investment Research Inc. increased its position in shares of Nutrisystem by 36.6% in the second quarter. James Investment Research Inc. now owns 114,955 shares of the company’s stock worth $2,915,000 after buying an additional 30,770 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Nutrisystem by 20.0% in the second quarter. Capstone Asset Management Co. now owns 16,246 shares of the company’s stock worth $412,000 after buying an additional 2,710 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Nutrisystem by 99.7% in the second quarter. BNP Paribas Arbitrage SA now owns 9,586 shares of the company’s stock worth $243,000 after buying an additional 4,787 shares during the last quarter. 93.71% of the stock is currently owned by institutional investors and hedge funds.
Shares of Nutrisystem Inc. (NASDAQ:NTRI) opened at 30.95 on Wednesday. The firm has a 50-day moving average of $29.21 and a 200-day moving average of $26.54. The firm has a market capitalization of $906.03 million, a PE ratio of 30.61 and a beta of 0.76. Nutrisystem Inc. has a 1-year low of $17.25 and a 1-year high of $31.05.
Nutrisystem (NASDAQ:NTRI) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.04. The business had revenue of $149.80 million for 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%. Nutrisystem’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period last year, the company posted $0.41 EPS. On average, equities research analysts anticipate that Nutrisystem Inc. will post $1.11 EPS for the current fiscal year.
NTRI has been the topic of a number of research analyst reports. Zacks Investment Research downgraded shares of Nutrisystem from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 7th. B. Riley reaffirmed a “buy” rating and set a $41.00 price objective on shares of Nutrisystem in a research report on Wednesday, July 27th. Barrington Research reaffirmed an “outperform” rating on shares of Nutrisystem in a research report on Sunday, July 31st. Wunderlich boosted their price objective on shares of Nutrisystem from $31.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, Citigroup Inc. boosted their price objective on shares of Nutrisystem from $31.00 to $36.00 and gave the company a “neutral” rating in a research report on Tuesday, September 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Nutrisystem currently has an average rating of “Buy” and an average target price of $33.67.
In related news, Director Brian Tierney sold 7,000 shares of the stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $29.25, for a total value of $204,750.00. Following the sale, the director now directly owns 40,620 shares in the company, valued at approximately $1,188,135. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 in the company, valued at $7,074,034.02. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by corporate insiders.
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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