Suntrust Banks Inc. Lowers Position in NutriSystem Inc (NTRI)
Suntrust Banks Inc. reduced its position in NutriSystem Inc (NASDAQ:NTRI) by 16.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,947 shares of the company’s stock after selling 2,373 shares during the period. Suntrust Banks Inc.’s holdings in NutriSystem were worth $621,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in NTRI. US Bancorp DE raised its stake in NutriSystem by 2.2% in the 1st quarter. US Bancorp DE now owns 5,211 shares of the company’s stock valued at $289,000 after acquiring an additional 110 shares during the period. Bank of New York Mellon Corp grew its holdings in NutriSystem by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 496,498 shares of the company’s stock valued at $27,555,000 after buying an additional 16,044 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in NutriSystem by 14.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,991 shares of the company’s stock valued at $333,000 after buying an additional 744 shares in the last quarter. Swiss National Bank grew its holdings in NutriSystem by 3.4% during the 1st quarter. Swiss National Bank now owns 48,600 shares of the company’s stock valued at $2,697,000 after buying an additional 1,600 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in NutriSystem by 16,410.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 6,439 shares of the company’s stock valued at $357,000 after buying an additional 6,400 shares in the last quarter. Institutional investors and hedge funds own 92.59% of the company’s stock.
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NutriSystem Inc (NTRI) opened at 56.70 on Monday. NutriSystem Inc has a one year low of $29.35 and a one year high of $67.95. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 35.13 and a beta of 1.15. The stock’s 50 day moving average price is $53.67 and its 200 day moving average price is $53.19.
NutriSystem (NASDAQ:NTRI) last released its earnings results on Wednesday, July 26th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the 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 analysts’ expectations of $180.75 million. During the same quarter last year, the business posted $0.54 earnings per share. The firm’s revenue was up 30.1% on a year-over-year basis. Equities analysts predict that NutriSystem Inc will post $1.91 earnings per share for the current fiscal year.
In related news, insider Dawn M. Zier sold 29,100 shares of the 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 owns 273,867 shares in the company, valued at $14,788,818. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael P. Monahan sold 11,335 shares of the stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $55.03, for a total value of $623,765.05. Following the sale, the chief financial officer now owns 55,933 shares of the company’s stock, valued at approximately $3,077,992.99. The disclosure for this sale can be found here. Insiders have sold 117,556 shares of company stock valued at $6,257,010 in the last quarter. 2.40% of the stock is currently owned by company insiders.
A number of research analysts have weighed in on NTRI shares. BidaskClub lowered NutriSystem from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. DA Davidson reaffirmed a “buy” rating and set a $79.00 target price (up previously from $64.00) on shares of NutriSystem in a report on Sunday, July 30th. B. Riley reaffirmed a “buy” rating and set a $74.00 target price on shares of NutriSystem in a report on Wednesday, August 2nd. Craig Hallum set a $70.00 target price on NutriSystem and gave the company a “buy” rating in a report on Tuesday, July 18th. Finally, Zacks Investment Research raised NutriSystem from a “hold” rating to a “strong-buy” rating and set a $64.00 target price for the company in a report on Saturday, July 29th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. NutriSystem presently has an average rating of “Buy” and an average price target of $68.11.
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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