Penserra Capital Management LLC boosted its position in shares of NutriSystem Inc (NASDAQ:NTRI) by 41.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,162 shares of the company’s stock after buying an additional 25,658 shares during the quarter. NutriSystem makes up approximately 1.2% of Penserra Capital Management LLC’s holdings, making the stock its 18th largest holding. Penserra Capital Management LLC owned about 0.29% of NutriSystem worth $4,872,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the business. Orca Investment Management LLC acquired a new position in shares of NutriSystem in the 3rd quarter valued at $1,175,000. Boston Advisors LLC acquired a new position in shares of NutriSystem in the 3rd quarter valued at $6,163,000. LS Investment Advisors LLC raised its stake in NutriSystem by 33.3% during the 3rd quarter. LS Investment Advisors LLC now owns 7,170 shares of the company’s stock worth $401,000 after buying an additional 1,792 shares during the period. Navellier & Associates Inc raised its stake in NutriSystem by 296.2% during the 2nd quarter. Navellier & Associates Inc now owns 24,848 shares of the company’s stock worth $1,293,000 after buying an additional 18,576 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in NutriSystem during the 2nd quarter worth $414,000. 92.48% of the stock is currently owned by hedge funds and other institutional investors.
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In other news, CFO Michael P. Monahan sold 11,335 shares of the stock in a transaction that occurred on Wednesday, September 27th. The shares were sold at an average price of $55.03, for a total transaction of $623,765.05. Following the completion of the transaction, the chief financial officer now directly owns 55,933 shares of the company’s stock, valued at approximately $3,077,992.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jay Herratti sold 3,799 shares of the company’s stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $60.00, for a total transaction of $227,940.00. 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 up $0.85 during midday trading on Tuesday, hitting $47.70. 321,500 shares of the stock traded hands, compared to its average volume of 500,913. NutriSystem Inc has a 52-week low of $31.60 and a 52-week high of $67.95. The firm has a market capitalization of $1,440.00, a price-to-earnings ratio of 25.60, a P/E/G ratio of 1.31 and a beta of 1.05.
NutriSystem (NASDAQ:NTRI) last posted its earnings results on Wednesday, October 25th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. NutriSystem had a net margin of 8.27% and a return on equity of 49.69%. The company had revenue of $158.10 million for the quarter, compared to analyst estimates of $155.21 million. During the same quarter in the prior year, the business posted $0.27 EPS. The firm’s revenue was up 26.9% compared to the same quarter last year. equities research analysts anticipate that NutriSystem Inc will post 1.95 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 6th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Friday, November 3rd. NutriSystem’s payout ratio is 37.84%.
NutriSystem announced that its Board of Directors has approved a share buyback plan on Wednesday, October 25th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
A number of research firms have issued reports on NTRI. B. Riley reiterated a “buy” rating and set a $74.00 target price on shares of NutriSystem in a report on Friday, July 28th. BidaskClub upgraded NutriSystem from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. DA Davidson restated a “buy” rating and set a $79.00 price objective (up from $64.00) on shares of NutriSystem in a research report on Sunday, July 30th. Zacks Investment Research downgraded shares of NutriSystem from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the stock a “buy” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. NutriSystem currently has a consensus rating of “Buy” and an average target price of $67.44.
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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