SG Americas Securities LLC Takes Position in Nautilus, Inc. (NYSE:NLS)

SG Americas Securities LLC bought a new stake in Nautilus, Inc. (NYSE:NLS) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,015 shares of the specialty retailer’s stock, valued at approximately $56,000.

A number of other institutional investors have also added to or reduced their stakes in NLS. LSV Asset Management lifted its stake in Nautilus by 87.8% in the fourth quarter. LSV Asset Management now owns 1,487,986 shares of the specialty retailer’s stock valued at $16,219,000 after acquiring an additional 695,586 shares during the last quarter. Millennium Management LLC lifted its stake in Nautilus by 864.4% in the fourth quarter. Millennium Management LLC now owns 421,035 shares of the specialty retailer’s stock valued at $4,589,000 after acquiring an additional 377,377 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its stake in Nautilus by 2,793.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 314,902 shares of the specialty retailer’s stock valued at $3,432,000 after acquiring an additional 304,019 shares during the last quarter. Morgan Stanley lifted its stake in Nautilus by 65.7% in the third quarter. Morgan Stanley now owns 266,491 shares of the specialty retailer’s stock valued at $3,717,000 after acquiring an additional 105,638 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Nautilus by 1.9% in the fourth quarter. BlackRock Inc. now owns 4,471,941 shares of the specialty retailer’s stock valued at $48,743,000 after acquiring an additional 85,461 shares during the last quarter. 89.50% of the stock is owned by institutional investors and hedge funds.

NYSE NLS opened at $2.44 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.22 and a quick ratio of 1.09. Nautilus, Inc. has a 52-week low of $2.37 and a 52-week high of $16.55.

Nautilus (NYSE:NLS) last posted its earnings results on Monday, May 6th. The specialty retailer reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.26). The company had revenue of $84.40 million for the quarter, compared to analyst estimates of $92.41 million. Nautilus had a negative return on equity of 0.83% and a negative net margin of 0.54%. The business’s quarterly revenue was down 26.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 EPS. As a group, research analysts forecast that Nautilus, Inc. will post -0.23 EPS for the current year.

A number of analysts have commented on NLS shares. Lake Street Capital cut their price target on shares of Nautilus to $8.00 and set a “hold” rating for the company in a research note on Tuesday, February 26th. Imperial Capital reiterated an “in-line” rating and issued a $4.50 price target (down previously from $6.00) on shares of Nautilus in a research note on Wednesday, May 8th. DA Davidson cut their price target on shares of Nautilus to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, May 7th. Zacks Investment Research cut shares of Nautilus from a “hold” rating to a “sell” rating in a research note on Tuesday, February 19th. Finally, SunTrust Banks cut their price target on shares of Nautilus to $7.00 and set a “hold” rating for the company in a research note on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating and nine have given a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $7.81.

In related news, CEO M Carl Johnson III bought 10,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was bought at an average price of $2.78 per share, for a total transaction of $27,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.20% of the company’s stock.

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Nautilus Company Profile

Nautilus, Inc, a consumer fitness products company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer and commercial use in the United States, Canada, and internationally. The company operates in two segments, Direct and Retail. It offers specialized cardio products, treadmills, ellipticals, bike products, strength products, home gyms, dumbbells, and weight benches primarily under the Nautilus, Bowflex, Octane Fitness, Schwinn, and Universal brands.

Further Reading: How is Preferred Stock Different from Common Stock?

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Institutional Ownership by Quarter for Nautilus (NYSE:NLS)

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