Sg Capital Management adds NutriSystem (NTRI) to its portfolio

NutriSystem (NTRI) : Sg Capital Management added new position in NutriSystem during the most recent quarter end. The investment management firm now holds 529,591 shares of NutriSystem which is valued at $15,893,026 , the company said in a statement filed on Aug 15, 2016 with the SEC.NutriSystem makes up approximately 3.53% of Sg Capital Management’s portfolio.

Other Hedge Funds, Including , Paloma Partners Management Co sold out all of its stake in NTRI during the most recent quarter. The investment firm sold 11,799 shares of NTRI which is valued $354,088.Thrivent Financial For Lutherans boosted its stake in NTRI in the latest quarter, The investment management firm added 41,791 additional shares and now holds a total of 1,390,931 shares of NutriSystem which is valued at $41,741,839. NutriSystem makes up approx 0.20% of Thrivent Financial For Lutherans’s portfolio.State Board Of Administration Of Florida Retirement System reduced its stake in NTRI by selling 437 shares or 2.26% in the most recent quarter. The Hedge Fund company now holds 18,900 shares of NTRI which is valued at $551,880.Meeder Asset Management Inc reduced its stake in NTRI by selling 5,206 shares or 83.97% in the most recent quarter. The Hedge Fund company now holds 994 shares of NTRI which is valued at $25,933.

NutriSystem closed down -0.31 points or -1.08% at $28.51 with 2,62,375 shares getting traded on Thursday. Post opening the session at $28.85, the shares hit an intraday low of $28.1703 and an intraday high of $28.95 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, NutriSystem reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.51. The company had revenue of $149.80 million for the quarter, compared to analysts expectations of $148.77 million. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.

Nutrisystem Inc. (Nutrisystem) 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 a 28-day supply of breakfasts lunches dinners snacks and desserts which they supplement with fresh fruits vegetables and dairy. Its customers order on an auto-delivery basis (Auto-Delivery) where it sends a 28-day food supply on an ongoing basis until notified of a customer’s cancellation. It offers its pre-selected favorites food pack or personalized plans where customers can hand pick their entire menu or customize plans to their dietary preference. The company’s meal plans feature more than 150 menu options at different price points including frozen and ready-to-go entrees desserts snacks and shakes.

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