OxFORD Asset Management LLP lifted its holdings in NutriSystem Inc (NASDAQ:NTRI) by 50.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,285 shares of the company’s stock after buying an additional 27,019 shares during the quarter. OxFORD Asset Management LLP owned about 0.27% of NutriSystem worth $4,431,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the stock. Alps Advisors Inc. raised its holdings in shares of NutriSystem by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,812 shares of the company’s stock valued at $511,000 after buying an additional 25 shares during the last quarter. Pinebridge Investments L.P. raised its holdings in shares of NutriSystem by 1.1% in the second quarter. Pinebridge Investments L.P. now owns 3,939 shares of the company’s stock valued at $205,000 after buying an additional 41 shares during the last quarter. Creative Planning raised its holdings in shares of NutriSystem by 5.3% in the second quarter. Creative Planning now owns 3,377 shares of the company’s stock valued at $176,000 after buying an additional 171 shares during the last quarter. Texas Permanent School Fund raised its holdings in shares of NutriSystem by 0.9% in the second quarter. Texas Permanent School Fund now owns 21,832 shares of the company’s stock valued at $1,136,000 after buying an additional 199 shares during the last quarter. Finally, Amalgamated Bank raised its holdings in shares of NutriSystem by 6.1% in the second quarter. Amalgamated Bank now owns 4,091 shares of the company’s stock valued at $213,000 after buying an additional 236 shares during the last quarter. 92.48% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently issued reports on the company. Lake Street Capital set a $73.00 price target on NutriSystem and gave the company a “buy” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Saturday, October 28th. BidaskClub lowered NutriSystem from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, B. Riley set a $74.00 price objective on NutriSystem and gave the stock a “buy” rating in a research report on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $67.44.
NutriSystem Inc (NTRI) opened at $52.35 on Thursday. The stock has a market capitalization of $1,526.00, a PE ratio of 27.76, a PEG ratio of 1.42 and a beta of 1.01. NutriSystem Inc has a 12-month low of $31.60 and a 12-month high of $67.95.
NutriSystem (NASDAQ:NTRI) last posted its earnings results on Wednesday, October 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The company had revenue of $158.10 million during the quarter, compared to analyst estimates of $155.21 million. NutriSystem had a return on equity of 49.69% and a net margin of 8.27%. The company’s revenue for the quarter was up 26.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 EPS. equities research analysts forecast that NutriSystem Inc will post 1.95 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Monday, November 6th were given a dividend of $0.175 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.70 annualized dividend and a dividend yield of 1.34%. NutriSystem’s payout ratio is currently 38.25%.
NutriSystem announced that its board has approved a stock buyback plan on Wednesday, October 25th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
In related news, Director Jay Herratti sold 3,799 shares of the business’s stock in a transaction that occurred on 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 available through this link. Also, insider Dawn M. Zier sold 30,121 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $52.27, for a total value of $1,574,424.67. Following the completion of the transaction, the insider now owns 214,646 shares of the company’s stock, valued at $11,219,546.42. The disclosure for this sale can be found here. Insiders have sold a total of 45,255 shares of company stock valued at $2,426,130 over the last 90 days. Corporate insiders own 2.40% of the company’s stock.
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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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