Copper Rock Capital Partners Lowers stake in NutriSystem (NTRI)

NutriSystem (NTRI) : Copper Rock Capital Partners reduced its stake in NutriSystem by 0.48% during the most recent quarter end. The investment management company now holds a total of 1,252,690 shares of NutriSystem which is valued at $25.1 Million after selling 5,983 shares in NutriSystem according to a report filed by the company on Apr 5, 2016 with the SEC.NutriSystem makes up approximately 2.20% of Copper Rock Capital Partners’s portfolio.

On the company’s financial health, NutriSystem reported $0.19 EPS for the quarter, based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus estimate of $0.19. The company had revenue of $90.20 million for the quarter, compared to analysts expectations of $88.75 million. The company’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.

Many Wall Street Analysts have commented on NutriSystem. Company shares were Reiterated by Wunderlich on Feb 29, 2016 to “Buy”, Firm has raised the Price Target to $ 28 from a previous price target of $25 .Wunderlich Initiated NutriSystem on Jan 29, 2016 to “Buy”, Price Target of the shares are set at $25.

NutriSystem opened for trading at $19.89 and hit $20.27 on the upside on Monday, eventually ending the session at $20.02, with a gain of 0.75% or 0.15 points. The heightened volatility saw the trading volume jump to 2,67,583 shares. Company has a market cap of $589 M.

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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