NutriSystem Inc. (NTRI) Position Decreased by Chicago Equity Partners LLC

Chicago Equity Partners LLC reduced its holdings in shares of NutriSystem Inc. (NASDAQ:NTRI) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 77,070 shares of the company’s stock after selling 1,585 shares during the quarter. Chicago Equity Partners LLC owned 0.26% of NutriSystem worth $2,855,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NTRI. Frontier Capital Management Co. LLC bought a new stake in shares of NutriSystem during the 2nd quarter worth $16,413,000. Royce & Associates LP raised its position in NutriSystem by 112,682.8% in the second quarter. Royce & Associates LP now owns 366,544 shares of the company’s stock valued at $14,112,000 after purchasing an additional 366,219 shares during the last quarter. BlackRock Inc. raised its position in NutriSystem by 6.7% in the second quarter. BlackRock Inc. now owns 4,346,504 shares of the company’s stock valued at $167,340,000 after purchasing an additional 274,721 shares during the last quarter. Point72 Asset Management L.P. bought a new position in NutriSystem in the second quarter valued at about $3,238,000. Finally, Chilton Investment Co. LLC bought a new position in NutriSystem in the second quarter valued at about $3,026,000.

NutriSystem stock opened at $37.07 on Friday. NutriSystem Inc. has a 12 month low of $26.06 and a 12 month high of $55.10. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 1.39 and a beta of 1.04.

NutriSystem (NASDAQ:NTRI) last issued its quarterly earnings data on Tuesday, October 30th. The company reported $0.54 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.54. NutriSystem had a return on equity of 43.46% and a net margin of 8.06%. The company had revenue of $159.30 million during the quarter, compared to the consensus estimate of $164.18 million. During the same period last year, the company earned $0.49 earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. On average, equities research analysts anticipate that NutriSystem Inc. will post 2.12 EPS for the current fiscal year.

NutriSystem declared that its Board of Directors has initiated a share buyback program on Tuesday, October 30th that authorizes the company to buyback $75.00 million in shares. This buyback authorization authorizes the company to purchase up to 7.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Friday, November 9th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.70%. NutriSystem’s dividend payout ratio (DPR) is 51.02%.

Several equities analysts have commented on the company. Zacks Investment Research upgraded NutriSystem from a “sell” rating to a “hold” rating in a research report on Tuesday. Barrington Research upgraded NutriSystem from a “market perform” rating to an “outperform” rating and set a $44.00 target price for the company in a research report on Thursday, November 1st. DA Davidson upgraded NutriSystem from an “underperform” rating to a “neutral” rating and increased their target price for the company from $28.00 to $36.00 in a research report on Thursday, November 1st. ValuEngine upgraded NutriSystem from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 1st. Finally, BidaskClub upgraded NutriSystem from a “sell” rating to a “hold” rating in a research report on Saturday, October 13th. One research analyst has rated the stock with a sell rating, four 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 an average price target of $45.57.

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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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