Swiss National Bank increased its position in Nutrisystem Inc. (NASDAQ:NTRI) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,800 shares of the company’s stock after buying an additional 1,400 shares during the period. Swiss National Bank owned approximately 0.17% of Nutrisystem worth $1,238,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Suntrust Banks Inc. boosted its stake in shares of Nutrisystem by 1.4% in the second quarter. Suntrust Banks Inc. now owns 14,955 shares of the company’s stock worth $378,000 after buying an additional 205 shares during the last quarter. Societe Generale bought a new stake in shares of Nutrisystem during the second quarter worth about $508,000. Quantitative Investment Management LLC boosted its stake in shares of Nutrisystem by 18.1% in the second quarter. Quantitative Investment Management LLC now owns 18,300 shares of the company’s stock worth $464,000 after buying an additional 2,800 shares during the last quarter. Emerald Advisers Inc. PA boosted its stake in shares of Nutrisystem by 150.8% in the second quarter. Emerald Advisers Inc. PA now owns 942,255 shares of the company’s stock worth $23,896,000 after buying an additional 566,608 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new stake in shares of Nutrisystem during the second quarter worth about $12,916,000. 93.77% of the stock is owned by hedge funds and other institutional investors.
Shares of Nutrisystem Inc. (NASDAQ:NTRI) traded up 0.85% on Friday, reaching $29.69. The company had a trading volume of 314,693 shares. The firm has a market capitalization of $869.15 million, a price-to-earnings ratio of 29.37 and a beta of 0.78. The company’s 50-day moving average price is $28.89 and its 200-day moving average price is $25.60. Nutrisystem Inc. has a 52-week low of $17.25 and a 52-week high of $30.45.
Nutrisystem (NASDAQ:NTRI) last announced its earnings results on Wednesday, July 27th. The company reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.04. Nutrisystem had a return on equity of 45.65% and a net margin of 5.87%. The business had revenue of $149.80 million for the quarter, compared to analyst estimates of $148.77 million. During the same quarter last year, the firm earned $0.41 EPS. Nutrisystem’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, analysts predict that Nutrisystem Inc. will post $1.11 earnings per share for the current year.
A number of equities research analysts have issued reports on the company. Citigroup Inc. upped their target price on Nutrisystem from $31.00 to $36.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 13th. B. Riley reissued a “buy” rating and issued a $41.00 price objective on shares of Nutrisystem in a research report on Monday, September 12th. Barrington Research reissued an “outperform” rating on shares of Nutrisystem in a research report on Sunday, July 31st. Finally, Zacks Investment Research raised Nutrisystem from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Saturday, July 30th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Nutrisystem currently has an average rating of “Buy” and a consensus target price of $32.67.
In other Nutrisystem news, CMO Keira Krausz sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $26.26, for a total transaction of $525,200.00. Following the transaction, the chief marketing officer now owns 92,362 shares of the company’s stock, valued at approximately $2,425,426.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dawn M. Zier sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $28.62, for a total value of $715,500.00. Following the transaction, the insider now directly owns 247,171 shares in the company, valued at approximately $7,074,034.02. The disclosure for this sale can be found here. 2.90% of the stock is 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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