BNP Paribas Arbitrage SA reduced its position in shares of Nutrisystem Inc. (NASDAQ:NTRI) by 52.3% during the third quarter, Holdings Channel reports. The fund owned 4,577 shares of the company’s stock after selling 5,009 shares during the period. BNP Paribas Arbitrage SA’s holdings in Nutrisystem were worth $136,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in NTRI. BlackRock Group LTD boosted its position in shares of Nutrisystem by 8.2% in the first quarter. BlackRock Group LTD now owns 40,297 shares of the company’s stock valued at $840,000 after buying an additional 3,042 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Nutrisystem during the first quarter valued at about $2,068,000. Spark Investment Management LLC bought a new position in shares of Nutrisystem during the first quarter valued at about $1,060,000. Global Alpha Capital Management Ltd. boosted its position in shares of Nutrisystem by 1.3% in the first quarter. Global Alpha Capital Management Ltd. now owns 199,645 shares of the company’s stock valued at $4,167,000 after buying an additional 2,500 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Nutrisystem by 2.1% in the first quarter. Renaissance Technologies LLC now owns 2,777,800 shares of the company’s stock valued at $57,973,000 after buying an additional 56,800 shares in the last quarter. Hedge funds and other institutional investors own 93.77% of the company’s stock.
Nutrisystem Inc. (NASDAQ:NTRI) opened at 30.20 on Wednesday. The company has a market cap of $884.07 million, a P/E ratio of 29.87 and a beta of 0.76. Nutrisystem Inc. has a 52 week low of $17.25 and a 52 week high of $30.80. The stock has a 50 day moving average of $29.03 and a 200 day moving average of $26.18.
Nutrisystem (NASDAQ:NTRI) last posted its earnings results on Wednesday, July 27th. The company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.04. The business had revenue of $149.80 million for the quarter, compared to the consensus estimate of $148.77 million. Nutrisystem had a net margin of 5.87% and a return on equity of 45.65%. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. On average, analysts expect that Nutrisystem Inc. will post $1.11 earnings per share for the current year.
Several equities analysts recently issued reports on NTRI shares. Zacks Investment Research cut shares of Nutrisystem from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 7th. B. Riley reiterated a “buy” rating and set a $41.00 price target on shares of Nutrisystem in a research report on Wednesday, July 27th. Barrington Research reiterated an “outperform” rating on shares of Nutrisystem in a research report on Sunday, July 31st. Finally, Citigroup Inc. boosted their price objective on shares of Nutrisystem from $31.00 to $36.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 13th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $32.67.
In other news, insider Dawn M. Zier sold 25,000 shares of Nutrisystem stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $26.10, for a total value of $652,500.00. Following the transaction, the insider now owns 247,171 shares of the company’s stock, valued at approximately $6,451,163.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Keira Krausz sold 20,000 shares of Nutrisystem stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $26.26, for a total transaction of $525,200.00. Following the completion of the transaction, the chief marketing officer now directly owns 92,362 shares in the company, valued at approximately $2,425,426.12. The disclosure for this sale can be found here. 2.90% of the stock is currently owned by insiders.
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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