NutriSystem Inc. (NTRI) Position Boosted by Copper Rock Capital Partners LLC

Copper Rock Capital Partners LLC raised its holdings in NutriSystem Inc. (NASDAQ:NTRI) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 493,793 shares of the company’s stock after buying an additional 17,111 shares during the quarter. Copper Rock Capital Partners LLC’s holdings in NutriSystem were worth $26,048,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cypress Capital Management LLC WY acquired a new position in NutriSystem in the third quarter valued at approximately $112,000. Riverhead Capital Management LLC lifted its stake in NutriSystem by 62.1% in the second 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. lifted its stake in 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 period. Victory Capital Management Inc. lifted its stake in NutriSystem by 17.7% in the second 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, SG Americas Securities LLC acquired a new position in NutriSystem in the second quarter valued at approximately $199,000. 92.48% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NutriSystem Inc. (NTRI) traded up $1.05 during trading hours on Monday, hitting $50.70. The stock had a trading volume of 358,416 shares, compared to its average volume of 360,316. NutriSystem Inc. has a one year low of $31.60 and a one year high of $67.95. The firm has a market capitalization of $1,520.00, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 1.19 and a beta of 1.01.

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

NutriSystem declared that its Board of Directors has authorized a share repurchase program on Wednesday, October 25th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

In other news, CFO Michael P. Monahan sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $49.60, for a total transaction of $496,000.00. Following the transaction, the chief financial officer now directly owns 46,660 shares of the company’s stock, valued at $2,314,336. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dawn M. Zier sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $49.94, for a total value of $549,340.00. Following the transaction, the insider now directly owns 210,666 shares in the company, valued at $10,520,660.04. The disclosure for this sale can be found here. Insiders have sold 34,799 shares of company stock worth $1,785,280 over the last ninety days. 2.40% of the stock is owned by insiders.

Several equities analysts have issued reports on NTRI shares. Zacks Investment Research raised NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Saturday, October 28th. Lake Street Capital set a $73.00 price target on NutriSystem and gave the company a “buy” rating in a research note on Thursday, October 26th. B. Riley set a $74.00 price target on NutriSystem and gave the company a “buy” rating in a research note on Thursday, October 26th. Finally, DA Davidson reissued a “buy” rating and issued a $80.00 price target on shares of NutriSystem in a research note on Friday, December 22nd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. NutriSystem has a consensus rating of “Buy” and an average target price of $67.56.

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NutriSystem 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.

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Institutional Ownership by Quarter for NutriSystem (NASDAQ:NTRI)

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