Russell Investments Group Ltd. reduced its holdings in NutriSystem Inc. (NASDAQ:NTRI) by 40.5% during the 1st quarter, HoldingsChannel reports. The fund owned 166,392 shares of the company’s stock after selling 113,304 shares during the quarter. Russell Investments Group Ltd.’s holdings in NutriSystem were worth $4,490,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Preferred LLC boosted its holdings in shares of NutriSystem by 1,160.4% in the 1st quarter. Advisors Preferred LLC now owns 3,983 shares of the company’s stock worth $107,000 after acquiring an additional 3,667 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in NutriSystem during the 1st quarter worth $218,000. Brown Advisory Inc. lifted its holdings in NutriSystem by 23.2% during the 4th quarter. Brown Advisory Inc. now owns 10,012 shares of the company’s stock worth $527,000 after buying an additional 1,886 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in NutriSystem during the 4th quarter worth $542,000. Finally, 6 Meridian acquired a new position in NutriSystem during the 1st quarter worth $296,000.
Several research analysts have issued reports on NTRI shares. Lake Street Capital set a $48.00 price objective on NutriSystem and gave the stock a “buy” rating in a report on Tuesday, May 1st. DA Davidson upped their price objective on NutriSystem from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, May 1st. Citigroup reduced their price objective on NutriSystem from $67.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, March 5th. Zacks Investment Research raised NutriSystem from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Wednesday, May 9th. Finally, Argus downgraded NutriSystem from a “buy” rating to a “hold” rating in a report on Tuesday, March 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $49.43.
Shares of NutriSystem opened at $37.95 on Friday, MarketBeat Ratings reports. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.03 and a beta of 1.17. NutriSystem Inc. has a 52 week low of $26.06 and a 52 week high of $67.95.
NutriSystem (NASDAQ:NTRI) last issued its earnings results on Monday, April 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. The company had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $206.85 million. NutriSystem had a net margin of 7.65% and a return on equity of 42.69%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS. equities research analysts forecast that NutriSystem Inc. will post 2.09 earnings per share for the current fiscal year.
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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