Scholtz Company Lowers stake in NutriSystem (NTRI)

NutriSystem (NTRI) : Scholtz Company reduced its stake in NutriSystem by 1.15% during the most recent quarter end. The investment management company now holds a total of 73,300 shares of NutriSystem which is valued at $2,199,733 after selling 850 shares in NutriSystem , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.NutriSystem makes up approximately 2.18% of Scholtz Company’s portfolio.

Other Hedge Funds, Including , Price T Rowe Associates Inc Md boosted its stake in NTRI in the latest quarter, The investment management firm added 4,191 additional shares and now holds a total of 26,391 shares of NutriSystem which is valued at $791,994.O’shaughnessy Asset Management reduced its stake in NTRI by selling 6,856 shares or 50.6% in the most recent quarter. The Hedge Fund company now holds 6,693 shares of NTRI which is valued at $200,857.California Public Employees Retirement System reduced its stake in NTRI by selling 8,500 shares or 12.9% in the most recent quarter. The Hedge Fund company now holds 57,400 shares of NTRI which is valued at $1,656,564.Alps Advisors Inc reduced its stake in NTRI by selling 1,497 shares or 6.84% in the most recent quarter. The Hedge Fund company now holds 20,399 shares of NTRI which is valued at $531,598.

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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