Values First Advisors Inc. Has $1.09 Million Holdings in Medifast, Inc. (NYSE:MED)

Values First Advisors Inc. lowered its stake in shares of Medifast, Inc. (NYSE:MED) by 3.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 61,888 shares of the specialty retailer’s stock after selling 2,282 shares during the period. Values First Advisors Inc.’s holdings in Medifast were worth $1,090,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quarry LP lifted its holdings in shares of Medifast by 148.6% in the third quarter. Quarry LP now owns 6,629 shares of the specialty retailer’s stock valued at $127,000 after purchasing an additional 3,962 shares in the last quarter. CWM LLC lifted its stake in Medifast by 70.9% during the 3rd quarter. CWM LLC now owns 8,006 shares of the specialty retailer’s stock valued at $153,000 after acquiring an additional 3,322 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Medifast by 1,161.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 9,766 shares of the specialty retailer’s stock worth $187,000 after acquiring an additional 8,992 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Medifast by 2,308.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 11,442 shares of the specialty retailer’s stock worth $202,000 after acquiring an additional 10,967 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Medifast in the 3rd quarter worth $206,000. 95.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson upgraded shares of Medifast from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $16.50 to $17.00 in a report on Tuesday, November 5th.

Medifast Stock Performance

MED stock opened at $15.12 on Wednesday. The company has a quick ratio of 2.55, a current ratio of 3.11 and a debt-to-equity ratio of 0.06. The firm has a market cap of $165.42 million, a PE ratio of 22.91 and a beta of 1.14. The business has a 50 day moving average of $16.96 and a 200-day moving average of $18.21. Medifast, Inc. has a 12-month low of $14.88 and a 12-month high of $56.52.

Medifast Profile

Medifast, Inc, through its subsidiaries, engages in the manufacture and sale of weight loss, weight management, and healthy living products in the United States and the Asia-Pacific. It offers bars, puffs, cereal, crunchers, drinks, hearty choices, oatmeal, pancakes, pudding, soft serve, shakes, smoothies, soft bakes, and soups under the OPTAVIA, OPTAVIA ACTIVE, and Optimal Health brand names.