Los Angeles Capital Management & Equity Research Inc. Sells 24,245 Shares of NutriSystem Inc. (NTRI)

Los Angeles Capital Management & Equity Research Inc. decreased its holdings in shares of NutriSystem Inc. (NASDAQ:NTRI) by 66.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,007 shares of the company’s stock after selling 24,245 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in NutriSystem were worth $527,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NTRI. BlackRock Inc. boosted its holdings in shares of NutriSystem by 1.6% during the third quarter. BlackRock Inc. now owns 4,418,221 shares of the company’s stock valued at $163,695,000 after acquiring an additional 71,717 shares during the period. Eagle Asset Management Inc. boosted its holdings in shares of NutriSystem by 28.6% during the third quarter. Eagle Asset Management Inc. now owns 2,727,430 shares of the company’s stock valued at $101,051,000 after acquiring an additional 606,301 shares during the period. Carillon Tower Advisers Inc. boosted its holdings in shares of NutriSystem by 7.1% during 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 period. Vanguard Group Inc boosted its holdings in shares of NutriSystem by 1.8% during 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 period. Finally, Vanguard Group Inc. boosted its holdings in shares of NutriSystem by 1.8% during 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 period.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of NutriSystem from a “hold” rating to a “sell” rating in a report on Saturday, February 23rd. BidaskClub downgraded shares of NutriSystem from a “sell” rating to a “strong sell” rating in a report on Saturday, February 2nd. ValuEngine downgraded shares of NutriSystem from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. B. Riley reaffirmed a “neutral” rating and issued a $45.00 price objective (down previously from $52.00) on shares of NutriSystem in a report on Tuesday, December 11th. Finally, Barrington Research downgraded shares of NutriSystem from an “outperform” rating to a “market perform” rating and set a $44.00 price objective for the company. in a report on Monday, December 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. NutriSystem has a consensus rating of “Hold” and a consensus price target of $43.71.

NTRI stock opened at $42.89 on Friday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 20.33, a P/E/G ratio of 1.52 and a beta of 0.48. NutriSystem Inc. has a fifty-two week low of $26.06 and a fifty-two week high of $45.25.

NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings data on Tuesday, February 19th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.02. The business had revenue of $129.50 million during the quarter, compared to the consensus estimate of $129.50 million. NutriSystem had a net margin of 8.48% and a return on equity of 46.60%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 earnings per share. Analysts forecast that NutriSystem Inc. will post 2.19 EPS for the current fiscal year.

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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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Institutional Ownership by Quarter for NutriSystem (NASDAQ:NTRI)

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