Point72 Asia Singapore Pte. Ltd. Trims Stock Holdings in Nu Skin Enterprises, Inc. (NYSE:NUS)

Point72 Asia Singapore Pte. Ltd. trimmed its position in Nu Skin Enterprises, Inc. (NYSE:NUS - Free Report) by 49.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 37,849 shares of the company's stock after selling 37,712 shares during the period. Point72 Asia Singapore Pte. Ltd. owned 0.08% of Nu Skin Enterprises worth $261,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Barclays PLC boosted its position in Nu Skin Enterprises by 363.8% during the 3rd quarter. Barclays PLC now owns 85,437 shares of the company's stock worth $629,000 after buying an additional 67,016 shares during the period. JPMorgan Chase & Co. grew its position in shares of Nu Skin Enterprises by 175.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 231,957 shares of the company's stock valued at $1,710,000 after buying an additional 147,784 shares during the last quarter. Ballentine Partners LLC increased its stake in shares of Nu Skin Enterprises by 15.5% in the fourth quarter. Ballentine Partners LLC now owns 20,856 shares of the company's stock valued at $144,000 after buying an additional 2,800 shares during the period. Inspire Investing LLC raised its position in shares of Nu Skin Enterprises by 7.8% during the fourth quarter. Inspire Investing LLC now owns 65,418 shares of the company's stock worth $451,000 after acquiring an additional 4,728 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Nu Skin Enterprises by 70.9% during the fourth quarter. Rhumbline Advisers now owns 138,477 shares of the company's stock worth $954,000 after acquiring an additional 57,443 shares during the last quarter. Institutional investors and hedge funds own 82.84% of the company's stock.

Wall Street Analysts Forecast Growth

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 0.9%

Shares of NUS traded up $0.06 during trading hours on Thursday, reaching $7.34. 52,230 shares of the stock traded hands, compared to its average volume of 830,626. Nu Skin Enterprises, Inc. has a 52 week low of $5.32 and a 52 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 stock has a fifty day simple moving average of $6.63 and a 200 day simple moving average of $7.00. The company has a market cap of $362.89 million, a price-to-earnings ratio of -2.49 and a beta of 0.92.

Nu Skin Enterprises (NYSE:NUS - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.15 by $0.08. The firm had revenue of $364.49 million for the quarter, compared to analysts' expectations of $352.06 million. Nu Skin Enterprises had a negative net margin of 8.46% and a positive return on equity of 5.86%. On average, equities analysts forecast that Nu Skin Enterprises, Inc. will post 1.05 EPS 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. Investors of record on Friday, May 30th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $0.24 annualized dividend and a yield of 3.27%. Nu Skin Enterprises's payout ratio is currently -30.00%.

About Nu Skin Enterprises

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.