State of Tennessee Treasury Department lessened its holdings in NutriSystem Inc. (NASDAQ:NTRI) by 9.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 23,719 shares of the company’s stock after selling 2,583 shares during the period. State of Tennessee Treasury Department’s holdings in NutriSystem were worth $1,248,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Cypress Capital Management LLC WY bought a new position in shares of NutriSystem in the 3rd quarter worth approximately $112,000. Polen Capital Management LLC bought a new position in shares of NutriSystem in the 4th quarter worth approximately $249,000. Ashford Capital Management Inc. bought a new stake in NutriSystem during the 3rd quarter worth approximately $280,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in NutriSystem during the 3rd quarter worth approximately $281,000. Finally, ClariVest Asset Management LLC raised its stake in NutriSystem by 165.2% during the 3rd quarter. ClariVest Asset Management LLC now owns 5,137 shares of the company’s stock worth $287,000 after acquiring an additional 3,200 shares during the period.
Shares of NutriSystem Inc. (NASDAQ:NTRI) opened at $32.55 on Monday. NutriSystem Inc. has a one year low of $28.50 and a one year high of $67.95. The company has a market cap of $983.27, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 0.95 and a beta of 1.03.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 19th. Shareholders of record on Thursday, March 8th will be issued a dividend of $0.25 per share. This is a positive change from NutriSystem’s previous quarterly dividend of $0.18. This represents a $1.00 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Wednesday, March 7th. NutriSystem’s dividend payout ratio (DPR) is 52.63%.
In other NutriSystem news, insider Dawn M. Zier sold 30,825 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $40.37, for a total transaction of $1,244,405.25. Following the completion of the sale, the insider now directly owns 221,013 shares of the company’s stock, valued at approximately $8,922,294.81. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Keira Krausz sold 5,000 shares of the stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $50.96, for a total transaction of $254,800.00. Following the sale, the insider now directly owns 75,463 shares of the company’s stock, valued at $3,845,594.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 86,831 shares of company stock valued at $4,115,659. Insiders own 2.40% of the company’s stock.
A number of equities research analysts have commented on NTRI shares. Zacks Investment Research cut shares of NutriSystem from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. DA Davidson restated a “buy” rating and set a $80.00 target price on shares of NutriSystem in a research note on Friday, December 22nd. BidaskClub cut shares of NutriSystem from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. B. Riley set a $52.00 target price on shares of NutriSystem and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, Barrington Research cut shares of NutriSystem from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. NutriSystem currently has an average rating of “Buy” and a consensus price target of $57.00.
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NutriSystem Company Profile
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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