Tudor Investment Corp ET AL Sells 239,599 Shares of Nu Skin Enterprises, Inc. $NUS

Key Points

• Tudor Investment Corp ET AL trimmed its Nu Skin stake by 81.7% in Q3, selling 239,599 shares and now holds 53,509 shares (about 0.11% of the company) valued at $652,000.
• Nu Skin missed the quarter with EPS $0.29 vs. $0.30 and revenue $370.3M vs. $382.7M; the stock trades at a $350.7M market cap, a PE of 2.28, and pays a $0.06 quarterly dividend (3.3% yield).
• Analyst sentiment has weakened (recent downgrades to Hold and Strong Sell and an average rating of "Reduce"), while institutional ownership remains high at 82.84%.

Tudor Investment Corp ET AL trimmed its holdings in shares of Nu Skin Enterprises, Inc. (NYSE:NUS - Free Report) by 81.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,509 shares of the company's stock after selling 239,599 shares during the period. Tudor Investment Corp ET AL owned about 0.11% of Nu Skin Enterprises worth $652,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Coldstream Capital Management Inc. purchased a new stake in Nu Skin Enterprises during the third quarter worth about $181,000. XTX Topco Ltd boosted its stake in Nu Skin Enterprises by 3.9% in the third quarter. XTX Topco Ltd now owns 89,314 shares of the company's stock valued at $1,089,000 after acquiring an additional 3,314 shares during the last quarter. Wexford Capital LP bought a new position in shares of Nu Skin Enterprises during the 3rd quarter valued at approximately $40,000. Polymer Capital Management US LLC bought a new position in shares of Nu Skin Enterprises during the 3rd quarter valued at approximately $258,000. Finally, Mariner LLC increased its stake in shares of Nu Skin Enterprises by 52.0% during the 3rd quarter. Mariner LLC now owns 27,808 shares of the company's stock worth $339,000 after purchasing an additional 9,517 shares during the last quarter. 82.84% of the stock is owned by hedge funds and other institutional investors.

Nu Skin Enterprises Stock Up 1.8%

NUS opened at $7.29 on Wednesday. Nu Skin Enterprises, Inc. has a 12 month low of $5.32 and a 12 month high of $14.62. The company has a market cap of $350.68 million, a PE ratio of 2.28 and a beta of 1.05. The company has a current ratio of 2.08, a quick ratio of 1.40 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average of $8.68 and a 200 day moving average of $9.93.

Nu Skin Enterprises (NYSE:NUS - Get Free Report) last issued its earnings results on Friday, February 13th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.01). The business had revenue of $370.32 million for the quarter, compared to the consensus estimate of $382.70 million. Nu Skin Enterprises had a net margin of 10.79% and a return on equity of 8.14%. On average, sell-side analysts expect that Nu Skin Enterprises, Inc. will post 1.05 EPS for the current year.

Nu Skin Enterprises Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Friday, February 27th were given a dividend of $0.06 per share. The ex-dividend date was Friday, February 27th. This represents a $0.24 annualized dividend and a dividend yield of 3.3%. Nu Skin Enterprises's dividend payout ratio is currently 7.50%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NUS. Wall Street Zen downgraded Nu Skin Enterprises from a "buy" rating to a "hold" rating in a research note on Saturday, February 14th. Zacks Research downgraded Nu Skin Enterprises from a "hold" rating to a "strong sell" rating in a research report on Monday, March 2nd. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nu Skin Enterprises in a research report on Thursday, January 22nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Reduce".

About Nu Skin Enterprises

Nu Skin Enterprises, Inc is a Utah-based direct selling company that develops and distributes personal care products and dietary supplements. Operating through a network marketing model, Nu Skin offers a portfolio of wellness, anti-aging skin care, hair care and nutritional products designed to support healthy living and appearance. The company leverages independent distributors to market its offerings directly to consumers across multiple channels, including online platforms and localized events.

Founded in 1984 by Blake M.

Want to see what other hedge funds are holding NUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nu Skin Enterprises, Inc. (NYSE:NUS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.