Investors Buy Large Volume of NutriSystem Put Options (NTRI)

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NutriSystem Inc. (NASDAQ:NTRI) was the target of unusually large options trading activity on Tuesday. Stock traders acquired 1,538 put options on the stock. This represents an increase of 1,924% compared to the typical daily volume of 76 put options.

NTRI opened at $43.26 on Wednesday. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 22.07, a P/E/G ratio of 1.43 and a beta of 0.48. NutriSystem has a twelve month low of $26.06 and a twelve month high of $45.25.

NutriSystem declared that its board has authorized a share buyback plan on Tuesday, October 30th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 7.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in NutriSystem by 1.8% in the third quarter. Vanguard Group Inc. now owns 1,867,500 shares of the company’s stock valued at $69,191,000 after acquiring an additional 33,402 shares during the last quarter. Nordea Investment Management AB boosted its stake in NutriSystem by 23.8% in the third quarter. Nordea Investment Management AB now owns 111,634 shares of the company’s stock valued at $4,137,000 after acquiring an additional 21,452 shares during the last quarter. Rehmann Capital Advisory Group boosted its stake in NutriSystem by 3,515.5% in the third quarter. Rehmann Capital Advisory Group now owns 13,486 shares of the company’s stock valued at $364,000 after acquiring an additional 13,113 shares during the last quarter. Carillon Tower Advisers Inc. boosted its stake in NutriSystem by 7.1% in the third quarter. Carillon Tower Advisers Inc. now owns 1,957,557 shares of the company’s stock valued at $72,527,000 after acquiring an additional 130,295 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in NutriSystem by 150.0% in the third quarter. SG Americas Securities LLC now owns 38,188 shares of the company’s stock valued at $1,415,000 after acquiring an additional 22,912 shares during the last quarter.

Several research analysts recently weighed in on NTRI shares. Barrington Research upgraded shares of NutriSystem from a “market perform” rating to an “outperform” rating and set a $44.00 price target on the stock in a report on Thursday, November 1st. ValuEngine cut shares of NutriSystem from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. B. Riley restated a “neutral” rating and set a $45.00 price target (down from $52.00) on shares of NutriSystem in a report on Tuesday, December 11th. BidaskClub cut shares of NutriSystem from a “sell” rating to a “strong sell” rating in a report on Saturday, February 2nd. Finally, DA Davidson upgraded shares of NutriSystem from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $28.00 to $36.00 in a report on Thursday, November 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $43.71.

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NutriSystem Company Profile

Nutrisystem, Inc, together with its subsidiaries, provides weight management products and services for women and men in the United States. The company offers weight loss programs that consist primarily of a pre-packaged food program, digital tools, and counseling. It also provides Nutrisystem Lean13 program, which provides weight loss, and support and counseling services; the South Beach Diet, a weight-loss program; and Nutrisystem 5-day kit, a ?D' kit that offers individuals with or at risk of type 2 diabetes.

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