Legal & General Group Plc boosted its holdings in NutriSystem Inc (NASDAQ:NTRI) by 10.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,432 shares of the company’s stock after acquiring an additional 4,944 shares during the quarter. Legal & General Group Plc owned 0.18% of NutriSystem worth $2,833,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Alps Advisors Inc. lifted its position in NutriSystem by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 9,812 shares of the company’s stock valued at $511,000 after acquiring an additional 25 shares in the last quarter. US Bancorp DE lifted its position in NutriSystem by 2.2% in the 1st quarter. US Bancorp DE now owns 5,211 shares of the company’s stock valued at $289,000 after acquiring an additional 110 shares in the last quarter. Creative Planning lifted its position in NutriSystem by 5.3% in the 2nd quarter. Creative Planning now owns 3,377 shares of the company’s stock valued at $176,000 after acquiring an additional 171 shares in the last quarter. Texas Permanent School Fund lifted its position in NutriSystem by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 21,832 shares of the company’s stock valued at $1,136,000 after acquiring an additional 199 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in NutriSystem by 3.3% in the 1st quarter. Arizona State Retirement System now owns 15,617 shares of the company’s stock valued at $867,000 after acquiring an additional 500 shares in the last quarter. 92.59% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts recently issued reports on the company. B. Riley reaffirmed a “buy” rating and issued a $74.00 price objective on shares of NutriSystem in a research report on Friday, July 28th. Barrington Research raised NutriSystem from a “market perform” rating to an “outperform” rating and set a $65.00 price objective on the stock in a research report on Monday, July 31st. DA Davidson reaffirmed a “buy” rating and issued a $79.00 price objective (up from $64.00) on shares of NutriSystem in a research report on Sunday, July 30th. Lake Street Capital set a $73.00 price objective on NutriSystem and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Zacks Investment Research cut NutriSystem from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $68.11.
NutriSystem Inc (NASDAQ NTRI) opened at 51.50 on Tuesday. NutriSystem Inc has a 12-month low of $28.05 and a 12-month high of $67.95. The stock’s 50 day moving average price is $53.34 and its 200 day moving average price is $52.78. The company has a market capitalization of $1.53 billion, a PE ratio of 31.91 and a beta of 1.15.
NutriSystem (NASDAQ:NTRI) last released its quarterly earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 business had revenue of $194.90 million for the quarter, compared to analyst estimates of $180.75 million. During the same period in the previous year, the company earned $0.54 earnings per share. The business’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, equities analysts anticipate that NutriSystem Inc will post $1.91 EPS for the current fiscal year.
In other news, insider Dawn M. Zier sold 30,121 shares of NutriSystem 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 completion of the sale, the insider now directly owns 214,646 shares in the company, valued at $11,219,546.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dawn M. Zier sold 30,000 shares of NutriSystem stock in a transaction on Wednesday, July 12th. The stock was sold at an average price of $52.71, for a total transaction of $1,581,300.00. Following the sale, the insider now owns 283,931 shares of the company’s stock, valued at $14,966,003.01. The disclosure for this sale can be found here. Insiders have sold 106,221 shares of company stock valued at $5,633,245 over the last quarter. Insiders own 2.40% of the company’s stock.
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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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