Schroder Investment Management Group lowered its stake in shares of Nutrisystem Inc. (NASDAQ:NTRI) by 25.6% during the second quarter, Holdings Channel reports. The institutional investor owned 28,596 shares of the company’s stock after selling 9,863 shares during the period. Schroder Investment Management Group owned about 0.10% of Nutrisystem worth $725,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. Mckinley Capital Management LLC Delaware increased its stake in Nutrisystem by 45.3% in the first quarter. Mckinley Capital Management LLC Delaware now owns 314,723 shares of the company’s stock worth $6,568,000 after buying an additional 98,085 shares in the last quarter. BlackRock Group LTD increased its stake in Nutrisystem by 8.2% in the first quarter. BlackRock Group LTD now owns 40,297 shares of the company’s stock worth $840,000 after buying an additional 3,042 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Nutrisystem during the first quarter worth $2,068,000. Spark Investment Management LLC purchased a new stake in Nutrisystem during the first quarter worth $1,060,000. Finally, Global Alpha Capital Management Ltd. increased its stake in Nutrisystem by 1.3% in the first quarter. Global Alpha Capital Management Ltd. now owns 199,645 shares of the company’s stock worth $4,167,000 after buying an additional 2,500 shares in the last quarter. 93.77% of the stock is owned by institutional investors and hedge funds.
Shares of Nutrisystem Inc. (NASDAQ:NTRI) traded up 0.34% on Monday, hitting $29.69. The company had a trading volume of 73,513 shares. Nutrisystem Inc. has a 1-year low of $17.25 and a 1-year high of $30.45. The firm has a market capitalization of $869.15 million, a price-to-earnings ratio of 29.37 and a beta of 0.78. The company has a 50 day moving average price of $28.84 and a 200 day moving average price of $25.26.
Nutrisystem (NASDAQ:NTRI) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.04. Nutrisystem had a return on equity of 45.65% and a net margin of 5.87%. The business earned $149.80 million during the quarter, compared to the consensus estimate of $148.77 million. During the same quarter in the prior year, the company posted $0.41 earnings per share. Nutrisystem’s revenue was up 15.0% compared to the same quarter last year. On average, equities analysts forecast that Nutrisystem Inc. will post $1.11 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on the company. B. Riley reissued a “buy” rating and set a $41.00 target price on shares of Nutrisystem in a report on Monday, August 1st. Barrington Research reissued an “outperform” rating on shares of Nutrisystem in a report on Sunday, July 31st. Zacks Investment Research raised Nutrisystem from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Saturday, July 30th. Finally, Citigroup Inc. lifted their target price on Nutrisystem from $31.00 to $36.00 and gave the stock a “neutral” rating in a report on Tuesday, September 13th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $32.67.
In other Nutrisystem news, CMO Keira Krausz sold 20,000 shares of the company’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $26.26, for a total value of $525,200.00. Following the completion of the transaction, the chief marketing officer now owns 92,362 shares in the company, valued at approximately $2,425,426.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Brian Tierney sold 7,000 shares of the company’s stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $29.25, for a total value of $204,750.00. Following the completion of the transaction, the director now owns 40,620 shares of the company’s stock, valued at approximately $1,188,135. The disclosure for this sale can be found here. Corporate insiders own 2.90% of the company’s stock.
Nutrisystem Company Profile
Nutrisystem, Inc (Nutrisystem) 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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