Arizona State Retirement System Raises Position in NutriSystem Inc. (NTRI)

Arizona State Retirement System grew its holdings in NutriSystem Inc. (NASDAQ:NTRI) by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,311 shares of the company’s stock after acquiring an additional 2,599 shares during the period. Arizona State Retirement System’s holdings in NutriSystem were worth $1,988,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Meeder Asset Management Inc. boosted its position in shares of NutriSystem by 139.5% in the 4th quarter. Meeder Asset Management Inc. now owns 733 shares of the company’s stock worth $31,000 after buying an additional 427 shares in the last quarter. Csenge Advisory Group acquired a new position in NutriSystem in the 3rd quarter valued at about $28,000. FNY Investment Advisers LLC acquired a new position in shares of NutriSystem during the 4th quarter valued at about $36,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of NutriSystem by 34.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,935 shares of the company’s stock valued at $85,000 after acquiring an additional 492 shares during the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of NutriSystem by 227.7% during the 3rd quarter. Pacer Advisors Inc. now owns 4,040 shares of the company’s stock valued at $150,000 after acquiring an additional 2,807 shares during the last quarter.

NTRI opened at $43.19 on Thursday. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 22.04, a price-to-earnings-growth ratio of 1.43 and a beta of 0.48. NutriSystem Inc. has a 12-month low of $26.06 and a 12-month high of $45.25.

NutriSystem announced that its Board of Directors has approved a stock buyback plan on Tuesday, October 30th that authorizes the company to repurchase $75.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 7.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

A number of analysts have recently issued reports on NTRI shares. Zacks Investment Research cut NutriSystem from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Barrington Research reiterated a “hold” rating on shares of NutriSystem in a research note on Monday, October 22nd. ValuEngine raised NutriSystem from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 1st. DA Davidson raised NutriSystem from an “underperform” rating to a “neutral” rating and upped their price target for the company from $28.00 to $36.00 in a research report on Thursday, November 1st. Finally, Sidoti lowered NutriSystem from a “buy” rating to a “neutral” rating in a research report on Monday, December 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $43.71.

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NutriSystem 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.

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Institutional Ownership by Quarter for NutriSystem (NASDAQ:NTRI)

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