First Trust Advisors LP Sells 28,996 Shares of NutriSystem Inc (NTRI)
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.
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.
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