Bank of America Corp DE trimmed its position in shares of Nu Skin Enterprises, Inc. (NYSE:NUS - Free Report) by 29.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 154,835 shares of the company's stock after selling 64,302 shares during the period. Bank of America Corp DE owned approximately 0.31% of Nu Skin Enterprises worth $1,067,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in Nu Skin Enterprises during the fourth quarter worth approximately $25,000. US Bancorp DE grew its stake in Nu Skin Enterprises by 424.2% in the 4th quarter. US Bancorp DE now owns 7,460 shares of the company's stock worth $51,000 after acquiring an additional 6,037 shares during the period. Signaturefd LLC grew its holdings in Nu Skin Enterprises by 536.8% in the fourth quarter. Signaturefd LLC now owns 8,087 shares of the company's stock valued at $56,000 after purchasing an additional 6,817 shares during the period. PNC Financial Services Group Inc. increased its position in Nu Skin Enterprises by 2,412.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,215 shares of the company's stock worth $57,000 after purchasing an additional 7,888 shares in the last quarter. Finally, Bank of Montreal Can acquired a new stake in Nu Skin Enterprises in the 4th quarter valued at $80,000. 82.84% of the stock is currently owned by hedge funds and other institutional investors.
Nu Skin Enterprises Price Performance
NYSE NUS traded up $0.15 on Friday, reaching $7.93. The company's stock had a trading volume of 308,712 shares, compared to its average volume of 834,399. Nu Skin Enterprises, Inc. has a twelve month low of $5.32 and a twelve month high of $13.70. The stock has a market cap of $391.85 million, a PE ratio of -2.69 and a beta of 0.98. The firm's 50 day moving average is $6.70 and its two-hundred day moving average is $7.07. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.17 and a current ratio of 1.82.
Nu Skin Enterprises (NYSE:NUS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.08. The business had revenue of $364.49 million during the quarter, compared to analyst estimates of $352.06 million. Nu Skin Enterprises had a negative net margin of 8.46% and a positive return on equity of 5.86%. As a group, sell-side analysts predict that Nu Skin Enterprises, Inc. will post 1.05 EPS for the current year.
Nu Skin Enterprises Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.06 per share. The ex-dividend date is Friday, May 30th. This represents a $0.24 annualized dividend and a dividend yield of 3.03%. Nu Skin Enterprises's payout ratio is -30.00%.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded Nu Skin Enterprises from a "hold" rating to a "buy" rating in a research note on Monday, May 12th.
View Our Latest Report on Nu Skin Enterprises
Insider Activity
In other Nu Skin Enterprises news, Director Edwina D. Woodbury sold 4,532 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $8.44, for a total transaction of $38,250.08. Following the transaction, the director now owns 42,947 shares in the company, valued at approximately $362,472.68. This trade represents a 9.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Steven Keith Hatchett bought 6,500 shares of Nu Skin Enterprises stock in a transaction on Wednesday, May 28th. The shares were acquired at an average price of $7.54 per share, for a total transaction of $49,010.00. Following the completion of the acquisition, the insider now owns 162,065 shares of the company's stock, valued at approximately $1,221,970.10. This represents a 4.18% increase in their position. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by company insiders.
About Nu Skin Enterprises
(
Free Report)
Nu Skin Enterprises, Inc, together with its subsidiaries, engages in the development and distribution of various beauty and wellness products worldwide. It offers skin care devices, cosmetics, and other personal care products, including ageLOC LumiSpa and ageLOC LumiSpa iO; and nutricentials skin care products.
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