Bank of America Corp DE reduced its position in NutriSystem Inc. (NASDAQ:NTRI) by 31.3% during the second quarter, HoldingsChannel.com reports. The firm owned 141,681 shares of the company’s stock after selling 64,534 shares during the period. Bank of America Corp DE’s holdings in NutriSystem were worth $5,454,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp raised its stake in shares of NutriSystem by 6.3% in the first quarter. Northern Trust Corp now owns 442,152 shares of the company’s stock valued at $11,916,000 after purchasing an additional 26,341 shares in the last quarter. BlackRock Inc. raised its stake in shares of NutriSystem by 6.6% in the first quarter. BlackRock Inc. now owns 4,071,783 shares of the company’s stock valued at $109,734,000 after purchasing an additional 252,143 shares in the last quarter. OppenheimerFunds Inc. raised its stake in shares of NutriSystem by 52.1% in the first quarter. OppenheimerFunds Inc. now owns 13,946 shares of the company’s stock valued at $376,000 after purchasing an additional 4,775 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of NutriSystem by 0.8% in the first quarter. Principal Financial Group Inc. now owns 250,443 shares of the company’s stock valued at $6,749,000 after purchasing an additional 2,095 shares in the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in shares of NutriSystem in the first quarter valued at $751,000.
A number of research analysts recently commented on the company. ValuEngine upgraded NutriSystem from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. Zacks Investment Research cut NutriSystem from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Barrington Research reiterated a “hold” rating on shares of NutriSystem in a research report on Wednesday, August 1st. BidaskClub cut NutriSystem from a “hold” rating to a “sell” rating in a research report on Saturday, August 18th. Finally, DA Davidson cut NutriSystem from a “buy” rating to a “neutral” rating and lowered their price target for the company from $45.00 to $40.00 in a research report on Tuesday, July 31st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $44.50.
NutriSystem (NASDAQ:NTRI) last announced its quarterly earnings results on Monday, July 30th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $189.07 million. During the same period in the prior year, the business posted $0.80 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year. On average, equities research analysts anticipate that NutriSystem Inc. will post 2.06 EPS for the current fiscal year.
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.
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