Victory Capital Management Inc. grew its holdings in NutriSystem Inc. (NASDAQ:NTRI) by 9,342.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 206,220 shares of the company’s stock after buying an additional 204,036 shares during the period. Victory Capital Management Inc. owned 0.69% of NutriSystem worth $10,847,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Cypress Capital Management LLC WY purchased a new stake in shares of NutriSystem in the third quarter valued at about $112,000. Ameritas Investment Partners Inc. raised its holdings in shares of NutriSystem by 10.9% in the second quarter. Ameritas Investment Partners Inc. now owns 2,608 shares of the company’s stock valued at $136,000 after buying an additional 257 shares during the last quarter. Koch Industries Inc. purchased a new stake in shares of NutriSystem in the second quarter valued at about $233,000. BlueCrest Capital Management Ltd purchased a new stake in shares of NutriSystem in the second quarter valued at about $262,000. Finally, Parametrica Management Ltd purchased a new position in NutriSystem during the third quarter worth about $269,000.
NutriSystem Inc. (NTRI) opened at $42.35 on Friday. NutriSystem Inc. has a 1 year low of $34.40 and a 1 year high of $67.95. The firm has a market cap of $1,270.00, a PE ratio of 22.89, a price-to-earnings-growth ratio of 0.99 and a beta of 0.72.
NutriSystem declared that its Board of Directors has authorized a stock repurchase program on Wednesday, October 25th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
In other NutriSystem news, insider Dawn M. Zier sold 30,825 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $40.37, for a total transaction of $1,244,405.25. Following the transaction, the insider now directly owns 221,013 shares in the company, valued at $8,922,294.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dawn M. Zier sold 30,006 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $52.36, for a total transaction of $1,571,114.16. Following the transaction, the chief executive officer now owns 224,659 shares in the company, valued at $11,763,145.24. The disclosure for this sale can be found here. Insiders have sold 96,831 shares of company stock worth $4,627,659 over the last 90 days. 2.40% of the stock is currently owned by company insiders.
Several research analysts recently issued reports on the stock. BidaskClub raised shares of NutriSystem from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Zacks Investment Research cut shares of NutriSystem from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. DA Davidson reissued a “buy” rating and set a $80.00 price target on shares of NutriSystem in a report on Friday, December 22nd. Lake Street Capital set a $73.00 price target on shares of NutriSystem and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, B. Riley set a $74.00 price target on shares of NutriSystem and gave the stock a “buy” rating in a report on Thursday, October 26th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $67.56.
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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