NutriSystem Inc (NTRI) Shares Sold by Gotham Asset Management LLC
Gotham Asset Management LLC lowered its holdings in NutriSystem Inc (NASDAQ:NTRI) by 7.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,498 shares of the company’s stock after selling 16,411 shares during the period. Gotham Asset Management LLC owned approximately 0.69% of NutriSystem worth $10,748,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of NutriSystem in the second quarter valued at $106,000. FNY Partners Fund LP purchased a new stake in shares of NutriSystem during the first quarter worth $111,000. Riverhead Capital Management LLC raised its holdings in shares of NutriSystem by 62.1% during the second quarter. Riverhead Capital Management LLC now owns 2,431 shares of the company’s stock worth $126,000 after acquiring an additional 931 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of NutriSystem during the first quarter worth $130,000. Finally, Victory Capital Management Inc. raised its holdings in shares of NutriSystem by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,646 shares of the company’s stock worth $138,000 after acquiring an additional 397 shares in the last quarter. Institutional investors own 92.59% of the company’s stock.
Shares of NutriSystem Inc (NASDAQ:NTRI) traded up 1.61% during mid-day trading on Friday, hitting $56.70. The company had a trading volume of 309,041 shares. NutriSystem Inc has a one year low of $29.35 and a one year high of $67.95. The company has a market capitalization of $1.69 billion, a P/E ratio of 35.13 and a beta of 1.15. The firm’s 50-day moving average price is $53.67 and its 200 day moving average price is $53.19.
NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.62 by $0.18. The business had revenue of $194.90 million for the quarter, compared to analysts’ expectations of $180.75 million. NutriSystem had a net margin of 7.60% and a return on equity of 48.41%. The firm’s revenue was up 30.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 EPS. Analysts predict that NutriSystem Inc will post $1.91 earnings per share for the current fiscal year.
In other NutriSystem news, insider Dawn M. Zier sold 30,121 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 214,646 shares of the company’s stock, valued at approximately $11,219,546.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dawn M. Zier sold 29,100 shares of the business’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 sale, the insider now directly owns 273,867 shares in the company, valued at $14,788,818. The disclosure for this sale can be found here. Insiders have sold a total of 117,556 shares of company stock worth $6,257,010 over the last three months. Insiders own 2.40% of the company’s stock.
NTRI has been the subject of several recent research reports. Sidoti upgraded NutriSystem from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Monday, June 12th. BidaskClub lowered NutriSystem from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. B. Riley reiterated a “buy” rating and set a $74.00 price objective on shares of NutriSystem in a report on Friday, July 28th. Craig Hallum set a $80.00 price objective on NutriSystem and gave the stock a “buy” rating in a report on Thursday, July 27th. Finally, Lake Street Capital set a $73.00 price objective on NutriSystem and gave the stock a “buy” rating in a report on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. NutriSystem has a consensus rating of “Buy” and a consensus price target of $68.11.
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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