First Trust Advisors LP cut its holdings in NutriSystem Inc (NASDAQ:NTRI) by 38.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,439 shares of the company’s stock after selling 28,996 shares during the period. First Trust Advisors LP owned about 0.16% of NutriSystem worth $2,417,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. FNY Partners Fund LP acquired a new position in NutriSystem in the 1st quarter valued at about $111,000. Meeder Asset Management Inc. acquired a new position in NutriSystem in the 2nd quarter valued at about $106,000. Ameritas Investment Partners Inc. acquired a new position in NutriSystem in the 1st quarter valued at about $130,000. Creative Planning raised its stake 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 purchasing an additional 171 shares during the last quarter. Finally, Amalgamated Bank acquired a new position in NutriSystem in the 1st quarter valued at about $214,000. Institutional investors and hedge funds own 92.59% of the company’s stock.

Several brokerages recently weighed in on NTRI. B. Riley reissued a “buy” rating and issued a $74.00 target price on shares of NutriSystem in a research note on Friday, July 28th. Barrington Research raised shares of NutriSystem from a “market perform” rating to an “outperform” rating and set a $65.00 target price for the company in a research note on Monday, July 31st. DA Davidson reissued a “buy” rating and issued a $79.00 target price (up previously from $64.00) on shares of NutriSystem in a research note on Sunday, July 30th. Lake Street Capital set a $73.00 target price on shares of NutriSystem and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Zacks Investment Research downgraded shares of NutriSystem from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $64.90.

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In other NutriSystem news, insider Dawn M. Zier sold 29,100 shares of the firm’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $54.00, for a total transaction of $1,571,400.00. Following the completion of the sale, the insider now directly owns 273,867 shares in the company, valued at approximately $14,788,818. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael P. Monahan sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $51.14, for a total value of $255,700.00. Following the sale, the chief financial officer now owns 49,598 shares of the company’s stock, valued at $2,536,441.72. The disclosure for this sale can be found here. Insiders have sold a total of 111,010 shares of company stock valued at $5,829,462 over the last 90 days. Corporate insiders own 2.40% of the company’s stock.

NutriSystem Inc (NTRI) opened at 52.05 on Friday. NutriSystem Inc has a 1-year low of $26.90 and a 1-year high of $67.95. The stock’s 50 day moving average is $54.67 and its 200-day moving average is $52.18. The firm has a market cap of $1.55 billion, a P/E ratio of 32.25 and a beta of 1.15.

NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $0.80 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.18. NutriSystem had a return on equity of 48.41% and a net margin of 7.60%. The firm had revenue of $194.90 million during the quarter, compared to analyst estimates of $180.75 million. During the same period last year, the company posted $0.54 EPS. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. Analysts forecast that NutriSystem Inc will post $1.91 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, August 7th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $0.70 dividend on an annualized basis and a yield of 1.34%. NutriSystem’s payout ratio is presently 43.48%.

NutriSystem Company Profile

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.

Institutional Ownership by Quarter for NutriSystem (NASDAQ:NTRI)

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