Schwab Charles Investment Management Inc. Sells 10,200 Shares of Nautilus, Inc. (NLS)

Schwab Charles Investment Management Inc. reduced its holdings in shares of Nautilus, Inc. (NYSE:NLS) by 7.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 131,314 shares of the specialty retailer’s stock after selling 10,200 shares during the period. Schwab Charles Investment Management Inc. owned about 0.43% of Nautilus worth $2,220,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of NLS. Legal & General Group Plc grew its position in Nautilus by 9.9% during the second quarter. Legal & General Group Plc now owns 56,844 shares of the specialty retailer’s stock valued at $1,089,000 after acquiring an additional 5,104 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Nautilus by 36.8% during the second quarter. BNP Paribas Arbitrage SA now owns 12,553 shares of the specialty retailer’s stock valued at $240,000 after purchasing an additional 3,379 shares during the period. Swiss National Bank boosted its stake in shares of Nautilus by 9.3% during the second quarter. Swiss National Bank now owns 53,000 shares of the specialty retailer’s stock valued at $1,015,000 after purchasing an additional 4,500 shares during the period. TIAA CREF Investment Management LLC boosted its stake in shares of Nautilus by 1.3% during the second quarter. TIAA CREF Investment Management LLC now owns 83,721 shares of the specialty retailer’s stock valued at $1,603,000 after purchasing an additional 1,099 shares during the period. Finally, Nationwide Fund Advisors boosted its stake in shares of Nautilus by 8.0% during the second quarter. Nationwide Fund Advisors now owns 420,214 shares of the specialty retailer’s stock valued at $8,047,000 after purchasing an additional 31,042 shares during the period. Institutional investors and hedge funds own 97.86% of the company’s stock.

Shares of Nautilus, Inc. (NYSE:NLS) opened at $13.40 on Friday. Nautilus, Inc. has a 52 week low of $12.25 and a 52 week high of $19.80. The company has a market capitalization of $408.40, a price-to-earnings ratio of 14.11, a P/E/G ratio of 1.27 and a beta of 2.13. The company has a quick ratio of 1.38, a current ratio of 2.02 and a debt-to-equity ratio of 0.20.

Nautilus (NYSE:NLS) last announced its quarterly earnings results on Monday, October 30th. The specialty retailer reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Nautilus had a return on equity of 18.54% and a net margin of 7.28%. The company had revenue of $88.10 million during the quarter, compared to analyst estimates of $92.29 million. During the same quarter last year, the firm posted $0.16 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. analysts expect that Nautilus, Inc. will post 0.92 EPS for the current fiscal year.

A number of analysts have recently weighed in on NLS shares. B. Riley set a $20.00 price objective on Nautilus and gave the company a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised Nautilus from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Tuesday. TheStreet lowered Nautilus from a “b” rating to a “c+” rating in a research note on Thursday, November 2nd. Lake Street Capital lowered Nautilus from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $15.00 in a research note on Tuesday, October 31st. Finally, SunTrust Banks lowered Nautilus from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Tuesday, October 31st. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $18.47.

In related news, Director Anne Saunders sold 5,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $13.00, for a total value of $65,000.00. Following the completion of the sale, the director now owns 11,626 shares of the company’s stock, valued at $151,138. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bruce M. Cazenave sold 10,700 shares of the firm’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $13.71, for a total value of $146,697.00. Following the completion of the sale, the chief executive officer now directly owns 372,876 shares of the company’s stock, valued at approximately $5,112,129.96. The disclosure for this sale can be found here. Insiders sold 47,940 shares of company stock valued at $622,663 in the last ninety days. 3.70% of the stock is currently owned by insiders.

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About Nautilus

Nautilus, Inc is a consumer fitness products company. The Company operates through two segments: Direct and Retail. Its principal business activities include designing, developing, sourcing and marketing of cardio and strength fitness products and related accessories for consumer use, primarily in the United States and Canada, but also in international markets outside North America.

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Institutional Ownership by Quarter for Nautilus (NYSE:NLS)

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