Rhumbline Advisers Sells 4,367 Shares of Nu Skin Enterprises, Inc. (NYSE:NUS)

Rhumbline Advisers lowered its holdings in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 158,314 shares of the company’s stock after selling 4,367 shares during the period. Rhumbline Advisers owned approximately 0.32% of Nu Skin Enterprises worth $1,669,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. nVerses Capital LLC bought a new position in Nu Skin Enterprises during the second quarter worth $75,000. Signaturefd LLC boosted its position in shares of Nu Skin Enterprises by 72.6% during the 2nd quarter. Signaturefd LLC now owns 3,797 shares of the company’s stock worth $40,000 after purchasing an additional 1,597 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Nu Skin Enterprises by 5.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 901,098 shares of the company’s stock valued at $9,498,000 after buying an additional 43,935 shares during the period. SummerHaven Investment Management LLC increased its position in Nu Skin Enterprises by 4.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 25,778 shares of the company’s stock valued at $272,000 after buying an additional 1,152 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Nu Skin Enterprises by 167.4% during the 2nd quarter. GAMMA Investing LLC now owns 5,734 shares of the company’s stock worth $60,000 after buying an additional 3,590 shares during the period. 82.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NUS has been the subject of several recent research reports. DA Davidson decreased their price objective on Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Citigroup decreased their target price on shares of Nu Skin Enterprises from $14.00 to $11.50 and set a “neutral” rating for the company in a research report on Friday, August 9th. Finally, StockNews.com raised shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Nu Skin Enterprises presently has a consensus rating of “Hold” and an average target price of $16.50.

Nu Skin Enterprises Price Performance

Shares of NYSE:NUS opened at $7.06 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.33 and a debt-to-equity ratio of 0.62. The stock has a market cap of $350.65 million, a PE ratio of -117.67 and a beta of 1.13. The stock’s fifty day simple moving average is $9.39 and its two-hundred day simple moving average is $11.42. Nu Skin Enterprises, Inc. has a 1-year low of $6.72 and a 1-year high of $24.08.

Nu Skin Enterprises (NYSE:NUS) last announced its earnings results on Thursday, August 8th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. Nu Skin Enterprises had a negative net margin of 8.05% and a positive return on equity of 7.80%. The company had revenue of $439.10 million during the quarter, compared to the consensus estimate of $431.87 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. As a group, analysts forecast that Nu Skin Enterprises, Inc. will post 0.78 EPS for the current fiscal year.

Nu Skin Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were given a $0.06 dividend. The ex-dividend date was Friday, August 30th. This represents a $0.24 annualized dividend and a yield of 3.40%. Nu Skin Enterprises’s dividend payout ratio is currently -400.00%.

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.