American Century Companies Inc. decreased its holdings in NutriSystem Inc (NASDAQ:NTRI) by 29.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,382 shares of the company’s stock after selling 47,909 shares during the quarter. American Century Companies Inc. owned 0.39% of NutriSystem worth $6,562,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in NTRI. Vanguard Group Inc. raised its stake in shares of NutriSystem by 50.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock valued at $127,974,000 after buying an additional 823,221 shares in the last quarter. Prudential Financial Inc. increased its position in NutriSystem by 73.7% in the 2nd quarter. Prudential Financial Inc. now owns 1,302,467 shares of the company’s stock valued at $67,794,000 after acquiring an additional 552,420 shares in the last quarter. Acadian Asset Management LLC increased its position in NutriSystem by 102.5% in the 2nd quarter. Acadian Asset Management LLC now owns 989,763 shares of the company’s stock valued at $51,518,000 after acquiring an additional 500,907 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its position in NutriSystem by 502.9% in the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 308,283 shares of the company’s stock valued at $17,233,000 after acquiring an additional 257,150 shares in the last quarter. Finally, Balyasny Asset Management LLC acquired a new stake in NutriSystem in the 2nd quarter valued at about $13,190,000. Institutional investors own 92.48% of the company’s stock.
Several research analysts have recently issued reports on the stock. BidaskClub raised shares of NutriSystem from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research lowered shares of NutriSystem from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. B. Riley set a $74.00 price objective on shares of NutriSystem and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Lake Street Capital set a $73.00 price target on shares of NutriSystem and gave the company a “buy” rating in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $67.44.
In related news, Director Jay Herratti sold 3,799 shares of NutriSystem stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $60.00, for a total value of $227,940.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael P. Monahan sold 11,335 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $55.03, for a total value of $623,765.05. Following the completion of the transaction, the chief financial officer now owns 55,933 shares of the company’s stock, valued at approximately $3,077,992.99. The disclosure for this sale can be found here. Insiders sold a total of 45,255 shares of company stock valued at $2,426,130 over the last three months. 2.40% of the stock is currently owned by insiders.
Shares of NutriSystem Inc (NASDAQ:NTRI) traded down $0.35 during midday trading on Thursday, reaching $52.00. The company’s stock had a trading volume of 387,687 shares, compared to its average volume of 491,241. NutriSystem Inc has a 12-month low of $31.60 and a 12-month high of $67.95. The firm has a market capitalization of $1,526.00, a P/E ratio of 27.76, a price-to-earnings-growth ratio of 1.42 and a beta of 1.01.
NutriSystem (NASDAQ:NTRI) last released its earnings results on Wednesday, October 25th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. NutriSystem had a net margin of 8.27% and a return on equity of 49.69%. The business had revenue of $158.10 million during the quarter, compared to the consensus estimate of $155.21 million. During the same quarter in the prior year, the firm posted $0.27 EPS. The company’s revenue for the quarter was up 26.9% compared to the same quarter last year. analysts predict that NutriSystem Inc will post 1.95 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, November 6th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Friday, November 3rd. NutriSystem’s payout ratio is currently 38.25%.
NutriSystem announced that its Board of Directors has initiated a share buyback plan on Wednesday, October 25th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
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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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