Eqis Capital Management Inc. decreased its holdings in shares of NutriSystem Inc. (NASDAQ:NTRI) by 18.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,508 shares of the company’s stock after selling 7,335 shares during the period. Eqis Capital Management Inc. owned approximately 0.11% of NutriSystem worth $1,426,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in NTRI. Meeder Asset Management Inc. increased its holdings in NutriSystem by 139.5% in the fourth quarter. Meeder Asset Management Inc. now owns 733 shares of the company’s stock valued at $31,000 after buying an additional 427 shares in the last quarter. Csenge Advisory Group purchased a new position in shares of NutriSystem during the 3rd quarter worth approximately $28,000. FNY Investment Advisers LLC purchased a new position in shares of NutriSystem during the 4th quarter worth approximately $36,000. Polen Capital Management LLC increased its stake in shares of NutriSystem by 9.1% during the 3rd quarter. Polen Capital Management LLC now owns 17,323 shares of the company’s stock worth $642,000 after purchasing an additional 1,451 shares in the last quarter. Finally, Riverhead Capital Management LLC increased its stake in shares of NutriSystem by 49.5% during the 3rd quarter. Riverhead Capital Management LLC now owns 5,136 shares of the company’s stock worth $190,000 after purchasing an additional 1,700 shares in the last quarter.
Shares of NASDAQ:NTRI traded up $0.03 during midday trading on Friday, hitting $43.30. 313,303 shares of the company’s stock traded hands, compared to its average volume of 737,817. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 1.43 and a beta of 0.48. NutriSystem Inc. has a twelve month low of $26.06 and a twelve month high of $45.25.
NutriSystem declared that its board has authorized a stock buyback plan on Tuesday, October 30th that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 7.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.
A number of analysts recently issued reports on NTRI shares. BidaskClub upgraded shares of NutriSystem from a “sell” rating to a “hold” rating in a research report on Saturday, October 13th. DA Davidson lowered shares of NutriSystem from a “neutral” rating to an “underperform” rating and decreased their target price for the stock from $40.00 to $28.00 in a research report on Monday, October 15th. Zacks Investment Research lowered shares of NutriSystem from a “hold” rating to a “sell” rating in a research report on Thursday, October 18th. Barrington Research restated a “hold” rating on shares of NutriSystem in a research report on Monday, October 22nd. Finally, ValuEngine upgraded shares of NutriSystem from a “strong sell” rating to a “sell” rating in a report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have issued 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 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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