The Manufacturers Life Insurance Company boosted its position in shares of Nautilus, Inc. (NYSE:NLS) by 155.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 584,554 shares of the specialty retailer’s stock after buying an additional 355,583 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Nautilus were worth $7,861,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the business. Citadel Advisors LLC lifted its holdings in Nautilus by 2.8% during the 1st quarter. Citadel Advisors LLC now owns 181,561 shares of the specialty retailer’s stock worth $2,442,000 after buying an additional 4,871 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Nautilus by 2.4% during the 1st quarter. Principal Financial Group Inc. now owns 235,362 shares of the specialty retailer’s stock worth $3,166,000 after buying an additional 5,577 shares in the last quarter. Rhumbline Advisers lifted its holdings in Nautilus by 15.4% during the 4th quarter. Rhumbline Advisers now owns 69,964 shares of the specialty retailer’s stock worth $934,000 after buying an additional 9,328 shares in the last quarter. Engine Capital Management LLC acquired a new position in Nautilus during the 4th quarter worth $134,000. Finally, Teacher Retirement System of Texas acquired a new position in Nautilus during the 4th quarter worth $142,000. 87.22% of the stock is currently owned by hedge funds and other institutional investors.
Nautilus opened at $15.80 on Tuesday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.76 and a current ratio of 2.27. The firm has a market capitalization of $477.51 million, a PE ratio of 17.95 and a beta of 1.38. Nautilus, Inc. has a twelve month low of $11.30 and a twelve month high of $19.25.
Nautilus (NYSE:NLS) last posted its quarterly earnings results on Monday, May 7th. The specialty retailer reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. Nautilus had a return on equity of 15.45% and a net margin of 6.68%. The company had revenue of $114.80 million for the quarter, compared to the consensus estimate of $111.77 million. During the same quarter in the prior year, the business posted $0.26 EPS. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. analysts expect that Nautilus, Inc. will post 1.05 earnings per share for the current fiscal year.
Nautilus announced that its board has approved a share buyback plan on Monday, March 5th that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the specialty retailer to buy shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.
In related news, Director M Carl Johnson III sold 3,300 shares of the company’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $15.38, for a total value of $50,754.00. Following the completion of the sale, the director now owns 50,620 shares in the company, valued at approximately $778,535.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Bruce M. Cazenave sold 10,700 shares of the company’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $16.51, for a total transaction of $176,657.00. Following the completion of the sale, the chief executive officer now owns 389,044 shares of the company’s stock, valued at approximately $6,423,116.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,308 shares of company stock valued at $603,360. 3.50% of the stock is owned by corporate insiders.
A number of research analysts have recently weighed in on the company. ValuEngine raised Nautilus from a “sell” rating to a “hold” rating in a research note on Monday, June 18th. Craig Hallum assumed coverage on Nautilus in a research note on Monday, April 23rd. They issued a “buy” rating and a $19.00 price target on the stock. TheStreet raised Nautilus from a “c+” rating to a “b-” rating in a research note on Friday, May 18th. Imperial Capital increased their price target on Nautilus from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, May 15th. Finally, Zacks Investment Research raised Nautilus from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, May 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $17.22.
Nautilus, Inc, a consumer fitness products company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, elliptical machine, bike products, strength products, home gyms, dumbbells, kettlebell weights, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.
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