Pacer Advisors Inc. Buys Shares of 2,393,768 Nu Skin Enterprises, Inc. (NYSE:NUS)

Pacer Advisors Inc. purchased a new position in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,393,768 shares of the company’s stock, valued at approximately $25,230,000. Pacer Advisors Inc. owned approximately 4.82% of Nu Skin Enterprises as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in NUS. CWM LLC increased its holdings in Nu Skin Enterprises by 38.4% during the 1st quarter. CWM LLC now owns 3,286 shares of the company’s stock worth $45,000 after purchasing an additional 911 shares during the period. Public Employees Retirement System of Ohio raised its holdings in Nu Skin Enterprises by 30.5% in the first quarter. Public Employees Retirement System of Ohio now owns 3,926 shares of the company’s stock valued at $54,000 after acquiring an additional 918 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in Nu Skin Enterprises by 4.7% in the second quarter. SummerHaven Investment Management LLC now owns 25,778 shares of the company’s stock worth $272,000 after acquiring an additional 1,152 shares during the last quarter. Signaturefd LLC grew its holdings in 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 acquiring an additional 1,597 shares in the last quarter. Finally, Inspire Advisors LLC increased its position in shares of Nu Skin Enterprises by 16.7% in the 2nd quarter. Inspire Advisors LLC now owns 14,325 shares of the company’s stock valued at $151,000 after purchasing an additional 2,048 shares during the last quarter. Hedge funds and other institutional investors own 82.84% of the company’s stock.

Analysts Set New Price Targets

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

Nu Skin Enterprises Price Performance

Shares of NYSE NUS opened at $7.06 on Monday. The stock has a market cap of $350.65 million, a P/E ratio of -117.67 and a beta of 1.13. Nu Skin Enterprises, Inc. has a twelve month low of $6.72 and a twelve month high of $24.08. The stock has a 50 day moving average of $9.39 and a two-hundred day moving average of $11.41. The company has a current ratio of 2.12, a quick ratio of 1.33 and a debt-to-equity ratio of 0.62.

Nu Skin Enterprises (NYSE:NUS) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $439.10 million during the quarter, compared to analysts’ expectations of $431.87 million. During the same quarter in the prior year, the business earned $0.54 EPS. Nu Skin Enterprises’s quarterly revenue was down 12.2% compared to the same quarter last year. On average, research analysts forecast that Nu Skin Enterprises, Inc. will post 0.78 earnings per share for the current year.

Nu Skin Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Friday, August 30th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Friday, August 30th. Nu Skin Enterprises’s dividend payout ratio is presently -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.