Teacher Retirement System of Texas acquired a new stake in shares of NutriSystem Inc. (NASDAQ:NTRI) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 10,295 shares of the company’s stock, valued at approximately $542,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of NTRI. California Public Employees Retirement System lifted its holdings in NutriSystem by 17.4% during the second quarter. California Public Employees Retirement System now owns 12,800 shares of the company’s stock valued at $666,000 after purchasing an additional 1,900 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in NutriSystem during the third quarter valued at $1,241,000. Stevens Capital Management LP purchased a new position in NutriSystem during the third quarter valued at $697,000. Swiss National Bank lifted its holdings in NutriSystem by 2.9% during the third quarter. Swiss National Bank now owns 50,000 shares of the company’s stock valued at $2,795,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC lifted its holdings in NutriSystem by 15.7% during the third quarter. Global X MANAGEMENT CO LLC now owns 39,649 shares of the company’s stock valued at $2,216,000 after purchasing an additional 5,374 shares in the last quarter.
NutriSystem Inc. (NASDAQ NTRI) opened at $31.95 on Wednesday. The firm has a market cap of $959.76, a PE ratio of 16.82, a PEG ratio of 0.95 and a beta of 1.03. NutriSystem Inc. has a 52 week low of $28.50 and a 52 week high of $67.95.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 19th. Stockholders of record on Thursday, March 8th will be paid a $0.25 dividend. This is an increase from NutriSystem’s previous quarterly dividend of $0.18. This represents a $1.00 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Wednesday, March 7th. NutriSystem’s dividend payout ratio (DPR) is currently 52.63%.
Several research firms have issued reports on NTRI. Zacks Investment Research raised shares of NutriSystem from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Tuesday, December 19th. BidaskClub downgraded shares of NutriSystem from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. B. Riley set a $52.00 price objective on shares of NutriSystem and gave the company a “buy” rating in a report on Thursday, February 22nd. Citigroup decreased their price objective on shares of NutriSystem from $67.00 to $39.00 and set a “buy” rating on the stock in a report on Monday, March 5th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $48.00 price objective (down from $73.00) on shares of NutriSystem in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company. NutriSystem has a consensus rating of “Buy” and a consensus target price of $57.00.
In other news, insider Dawn M. Zier sold 30,825 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $40.37, for a total value of $1,244,405.25. Following the transaction, the insider now directly owns 221,013 shares of the company’s stock, valued at $8,922,294.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Keira Krausz sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $50.96, for a total transaction of $254,800.00. Following the completion of the transaction, the insider now directly owns 75,463 shares in the company, valued at $3,845,594.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,831 shares of company stock worth $4,115,659. Insiders own 2.40% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This report was originally reported by Markets Daily and is the property of of Markets Daily. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.themarketsdaily.com/2018/03/14/teacher-retirement-system-of-texas-acquires-shares-of-10295-nutrisystem-inc-ntri.html.
NutriSystem Company Profile
Nutrisystem, Inc is a provider of weight management products and services, including nutritionally balanced weight loss programs, multi-day kits available at retail locations and digital tools to support weight loss. The Company’s program customers purchase monthly food packages containing four-week meal plan consisting supply of breakfasts, lunches, dinners and snacks and flex meal plan recipes, which they supplement with fresh fruits, vegetables and dairy.
Want to see what other hedge funds are holding NTRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NutriSystem Inc. (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.