State of Tennessee Treasury Department Has $684,000 Stake in NutriSystem Inc (NTRI)

State of Tennessee Treasury Department Has $684,000 Stake in NutriSystem Inc (NTRI)

State of Tennessee Treasury Department maintained its position in shares of NutriSystem Inc (NASDAQ:NTRI) during the third quarter, Holdings Channel reports. The firm owned 23,043 shares of the company’s stock at the end of the third quarter. State of Tennessee Treasury Department owned 0.08% of NutriSystem worth $684,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. BlackRock Investment Management LLC raised its position in shares of NutriSystem by 5.7% in the second quarter. BlackRock Investment Management LLC now owns 125,837 shares of the company’s stock valued at $3,191,000 after buying an additional 6,767 shares during the period. First Mercantile Trust Co. raised its position in shares of NutriSystem by 13.0% in the second quarter. First Mercantile Trust Co. now owns 12,900 shares of the company’s stock valued at $327,000 after buying an additional 1,485 shares during the period. Principal Financial Group Inc. raised its position in shares of NutriSystem by 1.8% in the second quarter. Principal Financial Group Inc. now owns 205,011 shares of the company’s stock valued at $5,199,000 after buying an additional 3,567 shares during the period. Dimensional Fund Advisors LP raised its position in shares of NutriSystem by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,082,319 shares of the company’s stock valued at $27,447,000 after buying an additional 30,423 shares during the period. Finally, Teacher Retirement System of Texas raised its position in shares of NutriSystem by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 4,062 shares of the company’s stock valued at $103,000 after buying an additional 494 shares during the period. 95.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of NutriSystem Inc (NASDAQ:NTRI) traded up 0.62% during midday trading on Friday, reaching $32.45. The company’s stock had a trading volume of 228,268 shares. NutriSystem Inc has a 52 week low of $17.25 and a 52 week high of $37.85. The firm’s 50 day moving average is $35.29 and its 200 day moving average is $31.61. The firm has a market capitalization of $952.86 million, a price-to-earnings ratio of 31.47 and a beta of 0.90.

Several brokerages have recently commented on NTRI. B. Riley reaffirmed a “buy” rating and issued a $43.00 price target on shares of NutriSystem in a research note on Thursday, January 5th. Zacks Investment Research lowered NutriSystem from a “buy” rating to a “hold” rating in a research note on Wednesday, December 28th. Argus began coverage on NutriSystem in a research note on Friday, November 11th. They issued a “buy” rating and a $40.00 price target on the stock. Craig Hallum set a $40.00 price target on NutriSystem and gave the company a “buy” rating in a research note on Friday. Finally, Barrington Research increased their target price on NutriSystem from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, October 31st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $36.63.

In other news, CFO Michael P. Monahan sold 10,000 shares of NutriSystem stock in a transaction on Friday, November 11th. The stock was sold at an average price of $34.34, for a total value of $343,400.00. Following the completion of the sale, the chief financial officer now owns 43,712 shares of the company’s stock, valued at $1,501,070.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dawn M. Zier sold 30,000 shares of NutriSystem stock in a transaction on Wednesday, January 18th. The shares were sold at an average price of $35.23, for a total value of $1,056,900.00. Following the completion of the sale, the insider now directly owns 281,014 shares of the company’s stock, valued at approximately $9,900,123.22. The disclosure for this sale can be found here. Insiders have sold 95,011 shares of company stock valued at $3,382,849 in the last three months. 2.90% of the stock is currently owned by company insiders.

NutriSystem Company Profile

Nutrisystem, Inc (Nutrisystem) 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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