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.

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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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