Millennium Management LLC Has $4.60 Million Stake in Nu Skin Enterprises, Inc. (NYSE:NUS)

Millennium Management LLC reduced its position in Nu Skin Enterprises, Inc. (NYSE:NUS - Free Report) by 48.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 668,128 shares of the company's stock after selling 628,462 shares during the period. Millennium Management LLC owned 1.34% of Nu Skin Enterprises worth $4,603,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Meeder Asset Management Inc. bought a new position in Nu Skin Enterprises during the fourth quarter worth about $25,000. US Bancorp DE increased its position in Nu Skin Enterprises by 424.2% during the fourth quarter. US Bancorp DE now owns 7,460 shares of the company's stock worth $51,000 after buying an additional 6,037 shares during the last quarter. Signaturefd LLC increased its position in Nu Skin Enterprises by 536.8% during the fourth quarter. Signaturefd LLC now owns 8,087 shares of the company's stock worth $56,000 after buying an additional 6,817 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Nu Skin Enterprises by 2,412.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,215 shares of the company's stock worth $57,000 after buying an additional 7,888 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in Nu Skin Enterprises during the fourth quarter worth approximately $80,000. 82.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Nu Skin Enterprises Price Performance

NYSE:NUS traded down $0.31 during trading hours on Monday, reaching $8.32. 557,487 shares of the company were exchanged, compared to its average volume of 837,188. The company has a market capitalization of $411.07 million, a P/E ratio of -2.82 and a beta of 0.92. Nu Skin Enterprises, Inc. has a 1-year low of $5.32 and a 1-year high of $13.90. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.17. The business has a 50 day moving average of $6.65 and a 200 day moving average of $7.05.

Nu Skin Enterprises (NYSE:NUS - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.15 by $0.08. Nu Skin Enterprises had a positive return on equity of 5.86% and a negative net margin of 8.46%. The firm had revenue of $364.49 million for the quarter, compared to the consensus estimate of $352.06 million. Research analysts forecast that Nu Skin Enterprises, Inc. will post 1.05 EPS for the current year.

Nu Skin Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 11th. Stockholders of record on Friday, May 30th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Friday, May 30th. Nu Skin Enterprises's payout ratio is -30.00%.

Insider Activity

In other news, insider Steven Keith Hatchett purchased 6,500 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was bought at an average cost of $7.54 per share, for a total transaction of $49,010.00. Following the purchase, the insider now owns 162,065 shares of the company's stock, valued at approximately $1,221,970.10. The trade was a 4.18% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by corporate insiders.

Nu Skin Enterprises 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.