NutriSystem Inc. (NTRI) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in shares of NutriSystem Inc. (NASDAQ:NTRI) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 549,941 shares of the company’s stock after selling 15,929 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.87% of NutriSystem worth $21,172,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. First Mercantile Trust Co. acquired a new stake in shares of NutriSystem during the 2nd quarter valued at about $119,000. Independence Advisors LLC acquired a new stake in shares of NutriSystem during the 2nd quarter valued at about $203,000. Clinton Group Inc. acquired a new stake in shares of NutriSystem during the 1st quarter valued at about $204,000. Sigma Planning Corp acquired a new stake in shares of NutriSystem during the 2nd quarter valued at about $215,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of NutriSystem during the 2nd quarter valued at about $236,000.

NTRI opened at $35.10 on Friday. NutriSystem Inc. has a twelve month low of $26.06 and a twelve month high of $60.80. The company has a market capitalization of $1.07 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.75 and a beta of 1.31.

NutriSystem (NASDAQ:NTRI) last posted its earnings results on Monday, July 30th. The company reported $0.87 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.06. NutriSystem had a return on equity of 43.29% and a net margin of 7.94%. The firm had revenue of $191.30 million during the quarter, compared to analyst estimates of $189.07 million. During the same period in the previous year, the company earned $0.80 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. analysts predict that NutriSystem Inc. will post 2.09 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 20th. Shareholders of record on Thursday, August 9th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Wednesday, August 8th. NutriSystem’s dividend payout ratio is currently 51.02%.

Several equities research analysts have recently issued reports on NTRI shares. Zacks Investment Research upgraded NutriSystem from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Thursday, August 2nd. ValuEngine upgraded NutriSystem from a “strong sell” rating to a “sell” rating in a report on Friday, August 3rd. DA Davidson lowered NutriSystem from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $45.00 to $40.00 in a report on Tuesday, July 31st. They noted that the move was a valuation call. Barrington Research restated a “hold” rating on shares of NutriSystem in a report on Thursday, July 19th. Finally, B. Riley boosted their target price on NutriSystem from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $46.50.

In other NutriSystem news, Director Jay Herratti sold 1,930 shares of NutriSystem stock in a transaction that occurred on Friday, July 6th. The stock was sold at an average price of $40.00, for a total value of $77,200.00. Following the transaction, the director now directly owns 21,504 shares of the company’s stock, valued at approximately $860,160. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michael P. Monahan sold 20,000 shares of NutriSystem stock in a transaction that occurred on Friday, July 6th. The stock was sold at an average price of $40.03, for a total value of $800,600.00. Following the completion of the transaction, the chief financial officer now directly owns 72,513 shares in the company, valued at $2,902,695.39. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.

NutriSystem Company Profile

Nutrisystem, Inc, together with its subsidiaries, provides weight management products and services for women and men in the United States. The company offers weight loss programs that consist primarily of a pre-packaged food program, digital tools, and counseling. It also provides Nutrisystem Lean13 program, which provides weight loss, and support and counseling services; the South Beach Diet, a weight-loss program; and Nutrisystem 5-day kit, a ?D' kit that offers individuals with or at risk of type 2 diabetes.

See Also: Diversification

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Institutional Ownership by Quarter for NutriSystem (NASDAQ:NTRI)

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