Connor Clark & Lunn Investment Management Ltd. acquired a new position in Nature's Sunshine Products, Inc. (NASDAQ:NATR - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 108,521 shares of the company's stock, valued at approximately $2,366,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.62% of Nature's Sunshine Products at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Jane Street Group LLC bought a new stake in Nature's Sunshine Products during the first quarter valued at approximately $174,000. Geode Capital Management LLC raised its position in shares of Nature's Sunshine Products by 9.4% during the 2nd quarter. Geode Capital Management LLC now owns 317,731 shares of the company's stock valued at $4,700,000 after buying an additional 27,300 shares in the last quarter. JPMorgan Chase & Co. grew its position in Nature's Sunshine Products by 16.1% in the second quarter. JPMorgan Chase & Co. now owns 228,698 shares of the company's stock worth $3,382,000 after acquiring an additional 31,696 shares in the last quarter. Rhumbline Advisers increased its stake in Nature's Sunshine Products by 9.7% in the second quarter. Rhumbline Advisers now owns 21,180 shares of the company's stock valued at $313,000 after acquiring an additional 1,875 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Nature's Sunshine Products by 91.9% during the second quarter. Russell Investments Group Ltd. now owns 23,787 shares of the company's stock valued at $348,000 after purchasing an additional 11,389 shares in the last quarter. 79.40% of the stock is owned by hedge funds and other institutional investors.
Nature's Sunshine Products Stock Up 2.1%
Nature's Sunshine Products stock opened at $14.21 on Friday. The company has a market capitalization of $250.10 million, a PE ratio of 14.07 and a beta of 0.88. The firm has a fifty day simple moving average of $18.99 and a two-hundred day simple moving average of $22.43. Nature's Sunshine Products, Inc. has a twelve month low of $12.97 and a twelve month high of $28.14.
Nature's Sunshine Products (NASDAQ:NATR - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.06). The company had revenue of $116.99 million for the quarter, compared to the consensus estimate of $123.70 million. Nature's Sunshine Products had a net margin of 3.68% and a return on equity of 12.88%.
Insider Buying and Selling
In related news, major shareholder Prescott Group Capital Managem purchased 20,000 shares of Nature's Sunshine Products stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average cost of $14.69 per share, for a total transaction of $293,800.00. Following the transaction, the insider directly owned 1,944,486 shares in the company, valued at $28,564,499.34. The trade was a 1.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Daniel C. Norman sold 9,713 shares of Nature's Sunshine Products stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $20.64, for a total value of $200,476.32. Following the completion of the transaction, the executive vice president directly owned 47,276 shares in the company, valued at $975,776.64. This trade represents a 17.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have purchased 161,389 shares of company stock valued at $2,612,536 and have sold 23,681 shares valued at $480,000. 3.10% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
NATR has been the subject of a number of research reports. Wall Street Zen cut Nature's Sunshine Products from a "buy" rating to a "hold" rating in a report on Sunday, August 16th. Weiss Ratings cut Nature's Sunshine Products from a "hold (c+)" rating to a "hold (c)" rating in a report on Tuesday, August 18th. Canaccord Genuity Group dropped their target price on Nature's Sunshine Products from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Finally, DA Davidson cut their target price on Nature's Sunshine Products from $33.00 to $25.00 and set a "buy" rating for the company in a research note on Monday, August 10th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.50.
Read Our Latest Stock Analysis on Nature's Sunshine Products
Nature's Sunshine Products Profile
(
Free Report)
Nature’s Sunshine Products, Inc is a global manufacturer and direct seller of nutritional supplements, herbal remedies, and personal care products. The company’s core business centers on research, development and distribution of vitamins, minerals, botanicals and essential oil-based formulations designed to support overall health and wellness. Operating under a network-marketing model, Nature’s Sunshine works through a network of independent distributors who promote and sell its product line directly to consumers.
The company’s product portfolio spans dietary supplements such as single-ingredient vitamins, proprietary herbal blends, sports nutrition formulas and weight-management solutions, along with skin and hair care items based on botanical extracts and essential oils.
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