Ameriprise Financial Inc. lowered its position in shares of Nutrisystem Inc. (NASDAQ:NTRI) by 9.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 197,776 shares of the company’s stock after selling 20,987 shares during the period. Ameriprise Financial Inc. owned 0.68% of Nutrisystem worth $5,015,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Blair William & Co. IL raised its stake in shares of Nutrisystem by 26.9% in the second quarter. Blair William & Co. IL now owns 14,730 shares of the company’s stock worth $374,000 after buying an additional 3,120 shares during the period. William Blair Investment Management LLC raised its stake in shares of Nutrisystem by 24.6% in the second quarter. William Blair Investment Management LLC now owns 397,965 shares of the company’s stock worth $10,092,000 after buying an additional 78,664 shares during the period. GSA Capital Partners LLP raised its stake in shares of Nutrisystem by 3.3% in the second quarter. GSA Capital Partners LLP now owns 125,441 shares of the company’s stock worth $3,181,000 after buying an additional 4,022 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Nutrisystem during the second quarter worth $508,000. Finally, Emerald Acquisition Ltd. acquired a new stake in shares of Nutrisystem during the second quarter worth $1,035,000. Hedge funds and other institutional investors own 93.77% of the company’s stock.
Shares of Nutrisystem Inc. (NASDAQ:NTRI) traded down 0.17% during mid-day trading on Friday, hitting $30.05. The company had a trading volume of 165,012 shares. The firm’s 50 day moving average is $29.11 and its 200-day moving average is $26.31. Nutrisystem Inc. has a 12-month low of $17.25 and a 12-month high of $30.80. The firm has a market cap of $879.68 million, a PE ratio of 29.72 and a beta of 0.76.
Nutrisystem (NASDAQ:NTRI) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.04. Nutrisystem had a return on equity of 45.65% and a net margin of 5.87%. The company earned $149.80 million during the quarter, compared to analysts’ expectations of $148.77 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The business’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities analysts expect that Nutrisystem Inc. will post $1.11 EPS for the current year.
A number of research analysts have commented on the company. Zacks Investment Research downgraded Nutrisystem from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Citigroup Inc. increased their target price on Nutrisystem from $31.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, September 13th. B. Riley reaffirmed a “buy” rating and set a $41.00 target price on shares of Nutrisystem in a report on Monday, September 12th. Finally, Barrington Research reaffirmed an “outperform” rating on shares of Nutrisystem in a report on Sunday, July 31st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $32.67.
In other Nutrisystem news, insider Dawn M. Zier sold 25,000 shares of the business’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $28.62, for a total value of $715,500.00. Following the completion of the sale, the insider now owns 247,171 shares of the company’s stock, valued at $7,074,034.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Brian Tierney sold 7,000 shares of Nutrisystem stock in a transaction dated Tuesday, August 16th. The stock was sold at an average price of $29.25, for a total value of $204,750.00. Following the completion of the transaction, the director now owns 40,620 shares in the company, valued at $1,188,135. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.
Nutrisystem Company Profile
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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