Cypress Capital Management LLC WY Invests $112,000 in NutriSystem Inc (NTRI) Stock
Cypress Capital Management LLC WY bought a new position in shares of NutriSystem Inc (NASDAQ:NTRI) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $112,000.
A number of other institutional investors have also modified their holdings of the business. BlackRock Inc. grew its holdings in NutriSystem by 114,552.3% during the 1st quarter. BlackRock Inc. now owns 3,554,222 shares of the company’s stock worth $197,259,000 after acquiring an additional 3,551,122 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of NutriSystem by 50.3% during the second quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock valued at $127,974,000 after buying an additional 823,221 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of NutriSystem by 73.7% during the second quarter. Prudential Financial Inc. now owns 1,302,467 shares of the company’s stock valued at $67,794,000 after buying an additional 552,420 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of NutriSystem by 0.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,105,785 shares of the company’s stock valued at $57,557,000 after buying an additional 5,597 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of NutriSystem by 102.5% during the second quarter. Acadian Asset Management LLC now owns 989,763 shares of the company’s stock valued at $51,518,000 after buying an additional 500,907 shares during the last quarter. Institutional investors own 92.48% of the company’s stock.
Several research firms have commented on NTRI. Lake Street Capital set a $73.00 price target on shares of NutriSystem and gave the company a “buy” rating in a research report on Thursday, October 26th. Craig Hallum set a $80.00 price target on shares of NutriSystem and gave the company a “buy” rating in a research report on Thursday, July 27th. B. Riley reissued a “buy” rating and set a $74.00 price target on shares of NutriSystem in a research report on Friday, July 28th. DA Davidson reissued a “buy” rating and set a $64.00 price target on shares of NutriSystem in a research report on Monday, July 24th. Finally, Barrington Research raised shares of NutriSystem from a “market perform” rating to an “outperform” rating and set a $65.00 price target for the company in a research report on Monday, July 31st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $67.44.
In other NutriSystem news, CFO Michael P. Monahan sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $53.33, for a total transaction of $533,300.00. Following the completion of the transaction, the chief financial officer now directly owns 59,598 shares of the company’s stock, valued at approximately $3,178,361.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert F. Bernstock sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $53.26, for a total transaction of $372,820.00. Following the transaction, the director now directly owns 25,350 shares of the company’s stock, valued at $1,350,141. The disclosure for this sale can be found here. Insiders sold a total of 62,255 shares of company stock valued at $3,332,250 over the last ninety days. 2.40% of the stock is currently owned by insiders.
Shares of NutriSystem Inc (NTRI) traded down $1.05 during trading on Thursday, hitting $47.50. 322,300 shares of the company traded hands, compared to its average volume of 499,463. The stock has a market cap of $1,458.41, a price-to-earnings ratio of 26.53, a P/E/G ratio of 1.36 and a beta of 1.05. NutriSystem Inc has a 52-week low of $31.60 and a 52-week high of $67.95.
NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The firm had revenue of $158.10 million during the quarter, compared to analyst estimates of $155.21 million. NutriSystem had a net margin of 8.27% and a return on equity of 49.69%. NutriSystem’s revenue was up 26.9% on a year-over-year basis. During the same period last year, the firm posted $0.27 EPS. sell-side analysts forecast that NutriSystem Inc will post 1.95 EPS for the current fiscal year.
NutriSystem declared that its board has initiated a share repurchase program on Wednesday, October 25th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Monday, November 6th will be given a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, November 3rd. NutriSystem’s payout ratio is currently 38.25%.
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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