Acadian Asset Management LLC decreased its holdings in shares of NutriSystem Inc. (NASDAQ:NTRI) by 57.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,481 shares of the company’s stock after selling 95,751 shares during the period. Acadian Asset Management LLC owned about 0.24% of NutriSystem worth $2,611,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. First Mercantile Trust Co. bought a new position in NutriSystem during the second quarter worth about $119,000. US Bancorp DE lifted its stake in NutriSystem by 64.7% during the second quarter. US Bancorp DE now owns 3,726 shares of the company’s stock worth $143,000 after purchasing an additional 1,464 shares during the period. Itau Unibanco Holding S.A. bought a new position in NutriSystem during the second quarter worth about $180,000. Janus Henderson Group PLC bought a new position in NutriSystem during the second quarter worth about $207,000. Finally, Sigma Planning Corp bought a new position in NutriSystem during the second quarter worth about $215,000.
A number of research analysts have commented on NTRI shares. DA Davidson cut shares of NutriSystem from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $40.00 to $28.00 in a research note on Monday, October 15th. Zacks Investment Research upgraded shares of NutriSystem from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Thursday, August 2nd. ValuEngine upgraded shares of NutriSystem from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. Barrington Research restated a “hold” rating on shares of NutriSystem in a research note on Friday, October 5th. Finally, B. Riley raised their price target on shares of NutriSystem from $52.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $45.57.
NASDAQ NTRI opened at $37.07 on Friday. The company has a market cap of $1.08 billion, a PE ratio of 18.91, a PEG ratio of 1.39 and a beta of 1.04. NutriSystem Inc. has a 1-year low of $26.06 and a 1-year high of $55.10.
NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings data on Tuesday, October 30th. The company reported $0.54 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.54. The company had revenue of $159.30 million during the quarter, compared to analyst estimates of $164.18 million. NutriSystem had a net margin of 8.06% and a return on equity of 43.46%. The company’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the business posted $0.49 earnings per share. Equities research analysts forecast that NutriSystem Inc. will post 2.12 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Friday, November 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Thursday, November 8th. NutriSystem’s payout ratio is 51.02%.
NutriSystem announced that its board has authorized a stock buyback program on Tuesday, October 30th that permits the company to buyback $75.00 million in shares. This buyback authorization permits the company to reacquire up to 7.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
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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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