Penserra Capital Management LLC Raises Holdings in NutriSystem Inc. (NTRI)

Penserra Capital Management LLC grew its holdings in shares of NutriSystem Inc. (NASDAQ:NTRI) by 20.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 494,690 shares of the company’s stock after purchasing an additional 83,196 shares during the period. NutriSystem accounts for 1.1% of Penserra Capital Management LLC’s portfolio, making the stock its 29th biggest position. Penserra Capital Management LLC owned approximately 1.68% of NutriSystem worth $18,328,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. US Bancorp DE raised its holdings in shares of NutriSystem by 64.7% during the second quarter. US Bancorp DE now owns 3,726 shares of the company’s stock worth $143,000 after purchasing an additional 1,464 shares during the period. Principal Financial Group Inc. raised its holdings in shares of NutriSystem by 0.8% during the first quarter. Principal Financial Group Inc. now owns 250,443 shares of the company’s stock worth $6,749,000 after purchasing an additional 2,095 shares during the period. Victory Capital Management Inc. raised its holdings in shares of NutriSystem by 15.3% during the third quarter. Victory Capital Management Inc. now owns 17,416 shares of the company’s stock worth $645,000 after purchasing an additional 2,317 shares during the period. Legal & General Group Plc raised its holdings in shares of NutriSystem by 3.9% during the second quarter. Legal & General Group Plc now owns 63,544 shares of the company’s stock worth $2,434,000 after purchasing an additional 2,378 shares during the period. Finally, Lapides Asset Management LLC raised its holdings in shares of NutriSystem by 2.2% during the second quarter. Lapides Asset Management LLC now owns 120,500 shares of the company’s stock worth $4,639,000 after purchasing an additional 2,600 shares during the period.

NTRI stock opened at $36.83 on Thursday. NutriSystem Inc. has a fifty-two week low of $26.06 and a fifty-two week high of $55.10. The stock has a market capitalization of $1.08 billion, a P/E ratio of 18.79, a PEG ratio of 1.39 and a beta of 1.04.

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

NutriSystem announced that its Board of Directors has approved a share buyback plan on Tuesday, October 30th that permits the company to repurchase $75.00 million in shares. This repurchase authorization permits the company to buy up to 7.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Friday, November 9th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $1.00 dividend on an annualized basis and a yield of 2.72%. NutriSystem’s dividend payout ratio (DPR) is presently 51.02%.

NTRI has been the topic of a number of research reports. ValuEngine raised shares of NutriSystem from a “strong sell” rating to a “sell” rating in a report on Friday, October 12th. B. Riley increased their target price on shares of NutriSystem from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Zacks Investment Research raised shares of NutriSystem from a “sell” rating to a “hold” rating in a report on Tuesday. DA Davidson raised shares of NutriSystem from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $28.00 to $36.00 in a report on Thursday, November 1st. Finally, Barrington Research raised shares of NutriSystem from a “market perform” rating to an “outperform” rating and set a $44.00 price objective on the stock in a report on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $45.57.

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About NutriSystem

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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