The stock of Medifast Inc (NYSE:MED) is a huge mover today! The stock decreased 4.56% or $1.84 during the last trading session, hitting $38.5. About 244,098 shares traded hands or 184.24% up from the average. Medifast Inc (NYSE:MED) has risen 33.75% since April 4, 2016 and is uptrending. It has outperformed by 32.66% the S&P500.
The move comes after 9 months negative chart setup for the $450.38 million company. It was reported on Nov, 4 by Barchart.com. We have $34.65 PT which if reached, will make NYSE:MED worth $45.04M less.
Medifast Inc (NYSE:MED) Ratings Coverage
Out of 2 analysts covering Medifast (NYSE:MED), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Medifast has been the topic of 5 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The stock of Medifast Inc (NYSE:MED) has “Neutral” rating given on Monday, November 30 by Sidoti. The rating was initiated by Wunderlich on Friday, January 29 with “Hold”. The rating was upgraded by Sidoti to “Buy” on Monday, October 5. The firm has “Hold” rating given on Monday, August 10 by Zacks. On Monday, January 11 the stock rating was upgraded by Sidoti to “Buy”.
According to Zacks Investment Research, “Medifast Inc has one operating subsidiary, Jason Pharmaceuticals, Inc, its manufacturing arm. They are engaged in the production, distribution, and sale of consumable health and diet products. Their product lines include weight management, meal replacement and sports nutrition products manufactured in a modern facility in Owings Mills, Maryland.”
Insitutional Activity: The institutional sentiment increased to 1.62 in 2016 Q2. Its up 0.05, from 1.57 in 2016Q1. The ratio improved, as 9 funds sold all Medifast Inc shares owned while 38 reduced positions. 28 funds bought stakes while 48 increased positions. They now own 10.00 million shares or 1.60% less from 10.16 million shares in 2016Q1.
Moreover, American Gru has 0% invested in Medifast Inc (NYSE:MED) for 7,595 shares. Ingalls And Snyder Ltd has 0.14% invested in the company for 71,008 shares. Strs Ohio has 0% invested in the company for 20,200 shares. Menta Llc reported 60,795 shares or 0.28% of all its holdings. Pnc Serv Grp has 91 shares for 0% of their US portfolio. New York State Common Retirement Fund, a New York-based fund reported 24,102 shares. Ls Investment Limited Liability Com has 383 shares for 0% of their US portfolio. Hightower Advsr Limited Liability Corp holds 0% of its portfolio in Medifast Inc (NYSE:MED) for 6,139 shares. Moreover, Comerica Retail Bank has 0% invested in Medifast Inc (NYSE:MED) for 9,310 shares. State Street Corp accumulated 0% or 266,950 shares. Citigroup Inc has 0% invested in the company for 5,767 shares. The Illinois-based Ativo Limited Liability Corporation has invested 0.15% in Medifast Inc (NYSE:MED). Moreover, Teachers Retirement System Of The State Of Kentucky has 0% invested in Medifast Inc (NYSE:MED) for 3,100 shares. Los Angeles Capital Mgmt And Equity Inc accumulated 9,620 shares or 0% of the stock. Icon Advisers owns 8,700 shares or 0.02% of their US portfolio.
Insider Transactions: Since May 27, 2016, the stock had 0 buys, and 1 sale for $40.83 million net activity. VISIUM BALANCED MASTER FUND – LTD. had sold 1.35M shares worth $40.83M.
More notable recent Medifast Inc (NYSE:MED) news were published by: Prnewswire.com which released: “Medifast, Inc. Announces Third Quarter 2016 Financial Results” on November 03, 2016, also Prnewswire.com with their article: “Medifast, Inc. to Announce Financial Results for the Third Quarter Ended …” published on October 12, 2016, Prnewswire.com published: “Medifast, Inc. Announces Second Quarter 2016 Financial Results” on August 03, 2016. More interesting news about Medifast Inc (NYSE:MED) were released by: Prnewswire.com and their article: “Medifast, Inc. Announces Fourth Quarter and Full Year 2015 Financial Results” published on March 10, 2016 as well as Prnewswire.com‘s news article titled: “Medifast, Inc. Announces Third Quarter 2015 Financial Results” with publication date: November 05, 2015.
MED Company Profile
Medifast, Inc. (Medifast), incorporated on May 5, 1989, is engaged in the production, distribution and sale of weight loss, weight management and healthy living products, and other consumable health and diet products. The Firm operates through its subsidiaries, Jason Pharmaceuticals, Inc., Take Shape For Life, Inc., Jason Enterprises, Inc., Medifast Franchise Systems (MFSI), Inc., Jason Properties, LLC, Medifast Nutrition, Inc. and Seven Crondall, LLC. Medifast product lines include weight loss, weight management, and healthy living meal replacements, snacks, hydration products and vitamins.
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