SG Americas Securities LLC increased its position in Nutrisystem (NASDAQ:NTRI) by 467.6% in the first quarter, Holdings Channel reports. The institutional investor owned 36,420 shares of the company’s stock after buying an additional 30,004 shares during the quarter. SG Americas Securities LLC’s holdings in Nutrisystem were worth $982,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in NTRI. Advisors Preferred LLC lifted its position in Nutrisystem by 1,160.4% in the 1st quarter. Advisors Preferred LLC now owns 3,983 shares of the company’s stock worth $107,000 after buying an additional 3,667 shares during the last quarter. Polen Capital Management LLC bought a new stake in Nutrisystem in the 4th quarter worth approximately $249,000. Sigma Planning Corp purchased a new position in Nutrisystem in the 4th quarter worth approximately $305,000. Alps Advisors Inc. increased its stake in Nutrisystem by 67.4% in the 1st quarter. Alps Advisors Inc. now owns 15,047 shares of the company’s stock worth $406,000 after purchasing an additional 6,060 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Nutrisystem by 434.2% in the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 9,001 shares of the company’s stock worth $469,000 after purchasing an additional 7,316 shares during the period.
Shares of Nutrisystem stock opened at $35.25 on Friday. Nutrisystem has a one year low of $26.06 and a one year high of $67.95. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 0.93 and a beta of 1.12.
Nutrisystem (NASDAQ:NTRI) last posted its earnings results on Monday, April 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.03. Nutrisystem had a return on equity of 42.69% and a net margin of 7.65%. The firm had revenue of $210.60 million for the quarter, compared to analysts’ expectations of $206.85 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The business’s revenue was down 1.0% compared to the same quarter last year. equities analysts predict that Nutrisystem will post 2.09 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 21st. Stockholders of record on Thursday, May 10th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, May 9th. This represents a $1.00 annualized dividend and a dividend yield of 2.84%. Nutrisystem’s dividend payout ratio (DPR) is presently 51.02%.
NTRI has been the topic of a number of analyst reports. BidaskClub cut Nutrisystem from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 24th. Craig Hallum decreased their price target on Nutrisystem from $80.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. DA Davidson lifted their price target on Nutrisystem from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday, May 1st. B. Riley set a $52.00 price target on Nutrisystem and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, Argus cut Nutrisystem from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $49.38.
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.
Want to see what other hedge funds are holding NTRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nutrisystem (NASDAQ:NTRI).
Receive News & Ratings for Nutrisystem Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nutrisystem and related companies with MarketBeat.com's FREE daily email newsletter.