Federated Hermes Inc. Sells 600,377 Shares of Nu Skin Enterprises, Inc. (NYSE:NUS)

Federated Hermes Inc. lessened its stake in shares of Nu Skin Enterprises, Inc. (NYSE:NUS - Free Report) by 58.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 423,983 shares of the company's stock after selling 600,377 shares during the quarter. Federated Hermes Inc. owned about 0.85% of Nu Skin Enterprises worth $3,078,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. GAMMA Investing LLC boosted its position in Nu Skin Enterprises by 102.0% during the first quarter. GAMMA Investing LLC now owns 3,498 shares of the company's stock worth $25,000 after purchasing an additional 1,766 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Nu Skin Enterprises in the first quarter worth $33,000. Public Employees Retirement System of Ohio lifted its stake in shares of Nu Skin Enterprises by 28.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 7,976 shares of the company's stock worth $55,000 after buying an additional 1,768 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Nu Skin Enterprises by 2,542.6% during the 1st quarter. Harbor Capital Advisors Inc. now owns 9,117 shares of the company's stock worth $66,000 after buying an additional 8,772 shares during the period. Finally, Bank of Montreal Can acquired a new position in Nu Skin Enterprises in the 4th quarter valued at $80,000. Institutional investors own 82.84% of the company's stock.

Nu Skin Enterprises Stock Performance

NUS traded up $0.85 during midday trading on Friday, reaching $9.05. The company's stock had a trading volume of 484,658 shares, compared to its average volume of 647,397. The company has a current ratio of 2.02, a quick ratio of 1.29 and a debt-to-equity ratio of 0.29. The company has a fifty day simple moving average of $8.39 and a 200 day simple moving average of $7.46. The stock has a market cap of $446.94 million, a P/E ratio of -11.33 and a beta of 0.91. Nu Skin Enterprises, Inc. has a twelve month low of $5.32 and a twelve month high of $10.88.

Nu Skin Enterprises (NYSE:NUS - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.18. The company had revenue of $386.14 million during the quarter, compared to analysts' expectations of $376.68 million. Nu Skin Enterprises had a positive return on equity of 6.99% and a negative net margin of 2.30%. Research analysts expect that Nu Skin Enterprises, Inc. will post 1.05 earnings per share for the current year.

Insider Buying and Selling at Nu Skin Enterprises

In related news, Director Edwina D. Woodbury sold 4,532 shares of Nu Skin Enterprises 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 sale, the director directly owned 42,947 shares of the company's stock, valued at $362,472.68. This trade represents a 9.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Steven Keith Hatchett purchased 6,500 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were purchased at an average price of $7.54 per share, for a total transaction of $49,010.00. Following the completion of the purchase, the insider directly owned 162,065 shares of the company's stock, valued at approximately $1,221,970.10. This trade represents a 4.18% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Nu Skin Enterprises from a "hold" rating to a "buy" rating in a research report on Monday, May 12th.

Nu Skin Enterprises Company Profile

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.