NutriSystem Inc (NTRI) Holdings Cut by California State Teachers Retirement System

California State Teachers Retirement System lowered its stake in shares of NutriSystem Inc (NASDAQ:NTRI) by 8.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,675 shares of the company’s stock after selling 4,701 shares during the period. California State Teachers Retirement System owned approximately 0.18% of NutriSystem worth $2,742,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of NutriSystem by 50.3% during the 2nd quarter. Vanguard Group Inc. now owns 2,458,686 shares of the company’s stock valued at $127,974,000 after purchasing an additional 823,221 shares in the last quarter. Prudential Financial Inc. raised 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 buying an additional 552,420 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in NutriSystem in the 2nd quarter valued at approximately $1,823,000. Cubist Systematic Strategies LLC increased its position in shares of NutriSystem by 130.5% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 17,560 shares of the company’s stock worth $914,000 after purchasing an additional 9,942 shares during the last quarter. Finally, Assetmark Inc. increased its position in shares of NutriSystem by 13.0% during the 2nd quarter. Assetmark Inc. now owns 125,103 shares of the company’s stock worth $6,512,000 after purchasing an additional 14,358 shares during the last quarter. Hedge funds and other institutional investors own 92.48% of the company’s stock.

In other NutriSystem news, Director Jay Herratti sold 3,799 shares of the firm’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $60.00, for a total value of $227,940.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael P. Monahan sold 11,335 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now directly owns 55,933 shares of the company’s stock, valued at $3,077,992.99. The disclosure for this sale can be found here. Insiders sold 62,255 shares of company stock valued at $3,332,250 over the last three months. Company insiders own 2.40% of the company’s stock.

Shares of NutriSystem Inc (NASDAQ NTRI) opened at $46.85 on Friday. NutriSystem Inc has a 52-week low of $31.60 and a 52-week high of $67.95. The stock has a market capitalization of $1,426.87, a price-to-earnings ratio of 25.96, a price-to-earnings-growth ratio of 1.33 and a beta of 1.05.

NutriSystem (NASDAQ:NTRI) last released its earnings results on Wednesday, October 25th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.03. NutriSystem had a return on equity of 49.69% and a net margin of 8.27%. The business had revenue of $158.10 million during the quarter, compared to the consensus estimate of $155.21 million. During the same period last year, the business posted $0.27 earnings per share. The business’s revenue for the quarter was up 26.9% on a year-over-year basis. analysts anticipate that NutriSystem Inc will post 1.95 EPS for the current fiscal year.

NutriSystem announced that its board has initiated a share buyback program on Wednesday, October 25th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Monday, November 6th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Friday, November 3rd. NutriSystem’s dividend payout ratio is currently 38.25%.

NTRI has been the subject of several research analyst reports. BidaskClub upgraded NutriSystem from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. DA Davidson reiterated a “buy” rating and set a $79.00 target price (up from $64.00) on shares of NutriSystem in a research report on Sunday, July 30th. B. Riley reiterated a “buy” rating and set a $74.00 target price on shares of NutriSystem in a research report on Wednesday, August 2nd. Craig Hallum set a $70.00 price target on NutriSystem and gave the stock a “buy” rating in a report on Tuesday, July 18th. Finally, Zacks Investment Research raised NutriSystem from a “hold” rating to a “strong-buy” rating and set a $64.00 price target for the company in a report on Saturday, July 29th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. NutriSystem currently has a consensus rating of “Buy” and an average price target of $67.44.

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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.

Institutional Ownership by Quarter for NutriSystem (NASDAQ:NTRI)

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