7.3% Stake of NutriSystem Inc. (NTRI) Maintained by Eagle Asset Management Inc
Eagle Asset Management Inc
stated that they own 7.3% of NutriSystem Inc. (NASDAQ:NTRI) in a Schedule 13G/A disclosure that was filed with the SEC on Tuesday, January 9th. The investor owns 2,203,058 shares of the stock worth $111,695,041. The disclosure is available through EDGAR at this link.
provided the following explanation of their ownership:
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Copper Rock Capital Partners LLC increased its stake in shares of NutriSystem by 3.6% in the fourth quarter. Copper Rock Capital Partners LLC now owns 493,793 shares of the company’s stock worth $26,048,000 after acquiring an additional 17,111 shares during the last quarter. Atlantic Trust Group LLC acquired a new position in shares of NutriSystem in the third quarter worth $1,151,000. GSA Capital Partners LLP increased its stake in shares of NutriSystem by 51.9% in the third quarter. GSA Capital Partners LLP now owns 96,031 shares of the company’s stock worth $5,368,000 after acquiring an additional 32,825 shares during the last quarter. Ashford Capital Management Inc. acquired a new position in shares of NutriSystem in the third quarter worth $280,000. Finally, California Public Employees Retirement System increased its stake in shares of NutriSystem by 65.8% in the third quarter. California Public Employees Retirement System now owns 21,223 shares of the company’s stock worth $1,186,000 after acquiring an additional 8,423 shares during the last quarter. 92.48% of the stock is currently owned by institutional investors and hedge funds.
Shares of NutriSystem Inc. (NASDAQ NTRI) traded up $1.05 during trading hours on Tuesday, reaching $50.70. 358,400 shares of the company were exchanged, compared to its average volume of 381,560. The company has a market capitalization of $1,520.00, a PE ratio of 27.41, a PEG ratio of 1.19 and a beta of 1.01. NutriSystem Inc. has a 12-month low of $31.60 and a 12-month high of $67.95.
NutriSystem (NASDAQ:NTRI) last issued its quarterly earnings data on Wednesday, October 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. The firm had revenue of $158.10 million during the quarter, compared to analysts’ expectations of $155.21 million. NutriSystem had a net margin of 8.27% and a return on equity of 49.69%. NutriSystem’s revenue for the quarter was up 26.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share. research analysts expect that NutriSystem Inc. will post 1.95 EPS for the current year.
NutriSystem announced that its board has initiated a share buyback plan on Wednesday, October 25th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
In other NutriSystem news, Director Jay Herratti sold 3,799 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $60.00, for a total transaction of $227,940.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael P. Monahan sold 10,000 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $49.60, for a total transaction of $496,000.00. Following the sale, the chief financial officer now owns 46,660 shares of the company’s stock, valued at $2,314,336. The disclosure for this sale can be found here. Insiders sold 34,799 shares of company stock valued at $1,785,280 over the last quarter. 2.40% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently issued reports on NTRI shares. Zacks Investment Research upgraded shares of NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Saturday, October 28th. Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the stock a “buy” rating in a report on Thursday, October 26th. B. Riley set a $74.00 price objective on shares of NutriSystem and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, DA Davidson reiterated a “buy” rating and issued a $80.00 price objective on shares of NutriSystem in a report on Friday, December 22nd. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. NutriSystem presently has an average rating of “Buy” and an average price target of $67.56.
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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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