4,807 Shares in NutriSystem Inc (NTRI) Acquired by Parametrica Management Ltd

Parametrica Management Ltd acquired a new stake in shares of NutriSystem Inc (NASDAQ:NTRI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,807 shares of the company’s stock, valued at approximately $269,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NTRI. Meeder Asset Management Inc. purchased a new stake in shares of NutriSystem during the 2nd quarter valued at $106,000. Riverhead Capital Management LLC grew its stake in shares of NutriSystem by 62.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,431 shares of the company’s stock valued at $126,000 after buying an additional 931 shares during the period. Ameritas Investment Partners Inc. grew its stake in shares of NutriSystem by 10.9% during the 2nd 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 period. Victory Capital Management Inc. grew its stake in shares of NutriSystem by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 2,646 shares of the company’s stock valued at $138,000 after buying an additional 397 shares during the period. Finally, Creative Planning grew its stake in shares of NutriSystem by 5.3% during the 2nd 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 period. 92.59% of the stock is owned by institutional investors.

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Several analysts have recently issued reports on NTRI shares. Craig Hallum set a $70.00 price objective on shares of NutriSystem and gave the company a “buy” rating in a research note on Tuesday, July 18th. BidaskClub raised shares of NutriSystem from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 19th. DA Davidson reissued a “buy” rating and set a $64.00 price objective on shares of NutriSystem in a research note on Monday, July 24th. Lake Street Capital set a $73.00 price objective on shares of NutriSystem and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, B. Riley reaffirmed a “buy” rating and set a $74.00 price target on shares of NutriSystem in a research report on Friday, July 28th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $67.44.

In related news, CFO Michael P. Monahan sold 10,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $53.33, for a total value of $533,300.00. Following the completion of the transaction, the chief financial officer now directly owns 59,598 shares in the company, valued at $3,178,361.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert F. Bernstock sold 7,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $53.26, for a total value of $372,820.00. Following the completion of the transaction, the director now owns 25,350 shares of the company’s stock, valued at $1,350,141. The disclosure for this sale can be found here. Insiders sold 91,355 shares of company stock valued at $4,903,650 over the last 90 days. Company insiders own 2.40% of the company’s stock.

Shares of NutriSystem Inc (NASDAQ:NTRI) opened at $50.00 on Friday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 1.39 and a beta of 1.05.

NutriSystem (NASDAQ:NTRI) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The business 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 business’s revenue was up 26.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. analysts anticipate that NutriSystem Inc will post 1.95 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, November 6th will be given a $0.175 dividend. The ex-dividend date is Friday, November 3rd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.40%. NutriSystem’s dividend payout ratio (DPR) is presently 38.25%.

NutriSystem declared that its Board of Directors has authorized a stock repurchase program on Wednesday, October 25th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.

About NutriSystem

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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