First Trust Advisors LP Has $4.19 Million Holding in NutriSystem Inc. (NTRI)

First Trust Advisors LP Has $4.19 Million Holding in NutriSystem Inc. (NTRI)

First Trust Advisors LP raised its position in NutriSystem Inc. (NASDAQ:NTRI) by 28.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,435 shares of the company’s stock after buying an additional 16,591 shares during the period. First Trust Advisors LP’s holdings in NutriSystem were worth $4,187,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its stake in NutriSystem by 3.1% in the first quarter. State of Alaska Department of Revenue now owns 3,300 shares of the company’s stock worth $183,000 after buying an additional 100 shares during the last quarter. A.R.T. Advisors LLC raised its stake in NutriSystem by 3.3% in the fourth quarter. A.R.T. Advisors LLC now owns 9,500 shares of the company’s stock worth $329,000 after buying an additional 300 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in NutriSystem by 3.4% in the first quarter. Louisiana State Employees Retirement System now owns 12,200 shares of the company’s stock worth $677,000 after buying an additional 400 shares during the last quarter. Comerica Bank raised its stake in NutriSystem by 5.5% in the fourth quarter. Comerica Bank now owns 31,354 shares of the company’s stock worth $1,088,000 after buying an additional 1,645 shares during the last quarter. Finally, Huntington National Bank acquired a new stake in NutriSystem during the first quarter worth $104,000. Institutional investors and hedge funds own 96.11% of the company’s stock.

NutriSystem Inc. (NASDAQ NTRI) opened at 53.45 on Friday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 39.68 and a beta of 0.97. The stock’s 50 day moving average price is $51.76 and its 200 day moving average price is $43.50. NutriSystem Inc. has a 52 week low of $22.97 and a 52 week high of $57.50.

NutriSystem (NASDAQ:NTRI) last posted its earnings results on Wednesday, April 26th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.08. NutriSystem had a return on equity of 43.89% and a net margin of 5.78%. The firm had revenue of $212.68 million for the quarter, compared to analyst estimates of $202.87 million. During the same quarter in the prior year, the company earned $0.13 EPS. NutriSystem’s revenue was up 31.2% on a year-over-year basis. On average, analysts forecast that NutriSystem Inc. will post $1.69 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 18th. Investors of record on Monday, May 8th were paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Thursday, May 4th. NutriSystem’s payout ratio is 67.96%.

A number of analysts have weighed in on the company. B. Riley reiterated a “buy” rating and issued a $57.00 target price on shares of NutriSystem in a research note on Monday, March 6th. Craig Hallum set a $70.00 target price on NutriSystem and gave the stock a “buy” rating in a research note on Thursday, April 27th. DA Davidson reiterated a “buy” rating and issued a $64.00 target price on shares of NutriSystem in a research note on Monday, May 8th. Lake Street Capital reiterated a “buy” rating and issued a $64.00 target price (up previously from $52.00) on shares of NutriSystem in a research note on Thursday, April 27th. Finally, Argus increased their target price on NutriSystem from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, May 10th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $55.33.

In related news, Director Jay Herratti sold 7,230 shares of the stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $48.44, for a total transaction of $350,221.20. Following the transaction, the director now owns 21,107 shares of the company’s stock, valued at approximately $1,022,423.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Michael P. Monahan sold 5,000 shares of the stock in a transaction dated Monday, April 10th. The stock was sold at an average price of $54.07, for a total value of $270,350.00. Following the transaction, the chief financial officer now directly owns 44,195 shares in the company, valued at approximately $2,389,623.65. The disclosure for this sale can be found here. In the last three months, insiders have sold 151,943 shares of company stock worth $7,663,032. 2.90% of the stock is owned by corporate insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:NTRI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding NTRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NutriSystem Inc. (NASDAQ:NTRI).

Related posts

Leave a Comment