Millennium Management LLC Sells 628,462 Shares of Nu Skin Enterprises, Inc. (NYSE:NUS)

Millennium Management LLC lowered its stake in Nu Skin Enterprises, Inc. (NYSE:NUS - Free Report) by 48.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 668,128 shares of the company's stock after selling 628,462 shares during the period. Millennium Management LLC owned approximately 1.34% of Nu Skin Enterprises worth $4,603,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. grew its holdings in shares of Nu Skin Enterprises by 6.5% in the 4th quarter. Franklin Resources Inc. now owns 34,307 shares of the company's stock worth $236,000 after acquiring an additional 2,091 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Nu Skin Enterprises by 5.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 53,711 shares of the company's stock valued at $371,000 after purchasing an additional 2,702 shares during the period. Russell Investments Group Ltd. increased its stake in Nu Skin Enterprises by 29.5% in the 4th quarter. Russell Investments Group Ltd. now owns 12,146 shares of the company's stock worth $83,000 after purchasing an additional 2,768 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Nu Skin Enterprises in the 4th quarter worth about $25,000. Finally, Catalyst Funds Management Pty Ltd raised its holdings in Nu Skin Enterprises by 15.3% during the 4th quarter. Catalyst Funds Management Pty Ltd now owns 39,100 shares of the company's stock worth $269,000 after buying an additional 5,200 shares during the period. Institutional investors own 82.84% of the company's stock.

Insider Buying and Selling

In related news, insider Steven Keith Hatchett purchased 6,500 shares of Nu Skin Enterprises stock in a transaction on Wednesday, May 28th. The stock was bought at an average price of $7.54 per share, with a total value of $49,010.00. Following the completion of the transaction, the insider now directly owns 162,065 shares of the company's stock, valued at approximately $1,221,970.10. This represents a 4.18% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Nu Skin Enterprises Stock Up 2.7%

NYSE:NUS traded up $0.23 during trading hours on Friday, hitting $8.63. 1,174,942 shares of the stock traded hands, compared to its average volume of 839,438. Nu Skin Enterprises, Inc. has a fifty-two week low of $5.32 and a fifty-two week high of $13.90. The company has a current ratio of 1.82, a quick ratio of 1.17 and a debt-to-equity ratio of 0.56. The firm has a market cap of $426.43 million, a price-to-earnings ratio of -2.93 and a beta of 0.92. The firm has a 50 day moving average price of $6.58 and a 200 day moving average price of $7.04.

Nu Skin Enterprises (NYSE:NUS - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.23 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $352.06 million. Equities research analysts anticipate that Nu Skin Enterprises, Inc. will post 1.05 earnings per share for the current year.

Nu Skin Enterprises Announces Dividend

The business also recently declared 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. This represents a $0.24 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, May 30th. Nu Skin Enterprises's dividend payout ratio is currently -30.00%.

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.