12 West Capital Management Reveals New Investment In NutriSystem Inc. (NTRI)

Joel Ramin, the manager of 12 West Capital Management, sees value in NutriSystem Inc. (NASDAQ:NTRI) and has initiated a position for his fund. According to a recent filing with the Securities and Exchange Commission, 12 West Capital has acquired 1.52 million shares, which gives them control over 5.3% of the company’s common stock.

NutriSystem Inc. (NASDAQ:NTRI)

Richard Mashaal, the manager of Rima Senvest Management, has, on the other hand, chosen to reduce his fund’s exposure to NutriSystem Inc. (NASDAQ:NTRI). Rima Senvest has recently reported a 56% reduction in its holding of the stock, leaving it with 1.29 million shares. Jim Simons is in the same boat as Mashaal and has cut his fund’s stake in the company by 22% during the first quarter of 2014. As a result, Renaissance Technologies reported ownership of 1.57 million shares at the end of March. Ken Griffin is still optimistic about the prospects of NutriSystem Inc. (NASDAQ:NTRI) and has boosted his fund’s stake by 154% during the same period of time. In its latest 13F filing, Citadel Investment Group reported ownership of 71,000 shares.

Disclosure: none.

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