Nu Skin Enterprises, Inc. (NYSE:NUS) Stock Holdings Increased by QS Investors LLC

QS Investors LLC raised its holdings in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 431.4% during the 2nd quarter, Holdings Channel reports. The fund owned 54,200 shares of the company’s stock after purchasing an additional 44,000 shares during the period. QS Investors LLC’s holdings in Nu Skin Enterprises were worth $3,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in NUS. Envestnet Asset Management Inc. raised its stake in Nu Skin Enterprises by 20.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,287 shares of the company’s stock valued at $385,000 after acquiring an additional 1,246 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Nu Skin Enterprises by 84.5% during the 1st quarter. Russell Investments Group Ltd. now owns 101,811 shares of the company’s stock valued at $5,426,000 after acquiring an additional 46,625 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Nu Skin Enterprises by 19,862.5% during the 1st quarter. Rockefeller Capital Management L.P. now owns 1,597 shares of the company’s stock valued at $84,000 after acquiring an additional 1,589 shares in the last quarter. Teacher Retirement System of Texas raised its stake in Nu Skin Enterprises by 21.0% during the 1st quarter. Teacher Retirement System of Texas now owns 5,935 shares of the company’s stock valued at $314,000 after acquiring an additional 1,031 shares in the last quarter. Finally, UBS Group AG raised its stake in Nu Skin Enterprises by 41.0% during the 1st quarter. UBS Group AG now owns 41,399 shares of the company’s stock valued at $2,190,000 after acquiring an additional 12,038 shares in the last quarter. 81.06% of the stock is currently owned by hedge funds and other institutional investors.

In other Nu Skin Enterprises news, EVP Joseph Y. Chang sold 16,000 shares of the business’s stock in a transaction dated Monday, September 13th. The stock was sold at an average price of $47.41, for a total value of $758,560.00. Following the completion of the sale, the executive vice president now owns 33,942 shares of the company’s stock, valued at $1,609,190.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeffrey Clark Bettinger sold 1,625 shares of the business’s stock in a transaction dated Tuesday, October 5th. The stock was sold at an average price of $41.10, for a total value of $66,787.50. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Shares of NUS stock opened at $40.71 on Thursday. Nu Skin Enterprises, Inc. has a 1-year low of $39.40 and a 1-year high of $63.85. The company has a current ratio of 1.56, a quick ratio of 0.93 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 8.97 and a beta of 1.15. The stock’s fifty day simple moving average is $46.96 and its 200-day simple moving average is $52.93.

Nu Skin Enterprises (NYSE:NUS) last issued its quarterly earnings results on Wednesday, August 4th. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.09. Nu Skin Enterprises had a return on equity of 26.95% and a net margin of 8.35%. The business had revenue of $704.10 million for the quarter, compared to the consensus estimate of $703.38 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. Nu Skin Enterprises’s revenue for the quarter was up 15.0% compared to the same quarter last year. On average, sell-side analysts predict that Nu Skin Enterprises, Inc. will post 4.42 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 8th. Shareholders of record on Friday, August 27th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, August 26th. This represents a $1.52 dividend on an annualized basis and a yield of 3.73%. Nu Skin Enterprises’s dividend payout ratio (DPR) is currently 41.87%.

A number of research firms have recently commented on NUS. Zacks Investment Research downgraded Nu Skin Enterprises from a “buy” rating to a “sell” rating and set a $43.00 price objective on the stock. in a research note on Friday, October 8th. Citigroup dropped their price objective on Nu Skin Enterprises from $59.00 to $43.00 and set a “neutral” rating on the stock in a research note on Tuesday. TheStreet lowered Nu Skin Enterprises from a “b-” rating to a “c+” rating in a research report on Friday, October 8th. Tigress Financial reaffirmed a “buy” rating and set a $72.00 target price on shares of Nu Skin Enterprises in a research report on Friday, October 1st. Finally, DA Davidson cut their target price on Nu Skin Enterprises from $61.00 to $47.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Nu Skin Enterprises presently has an average rating of “Hold” and a consensus price target of $55.83.

About Nu Skin Enterprises

Nu Skin Enterprises, Inc develops and distributes personal care products and nutritional supplements. The firm engages in the provision of beauty and wellness products and solutions. Its brands include Nu Skin and Pharmanex. The company was founded by Blake M. Roney, Sandra N. Tillotson, and Steven J.

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Institutional Ownership by Quarter for Nu Skin Enterprises (NYSE:NUS)

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