Millennium Management LLC Has $5.63 Million Stock Position in Nu Skin Enterprises, Inc. (NYSE:NUS)

Millennium Management LLC raised its holdings in Nu Skin Enterprises, Inc. (NYSE:NUS) by 100.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 534,579 shares of the company’s stock after buying an additional 267,965 shares during the quarter. Millennium Management LLC owned 1.08% of Nu Skin Enterprises worth $5,634,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC raised its position in shares of Nu Skin Enterprises by 38.4% during the first 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 position in shares of Nu Skin Enterprises by 30.5% during the first quarter. Public Employees Retirement System of Ohio now owns 3,926 shares of the company’s stock worth $54,000 after purchasing an additional 918 shares during the period. SummerHaven Investment Management LLC raised its position in shares of Nu Skin Enterprises by 4.7% during the second quarter. SummerHaven Investment Management LLC now owns 25,778 shares of the company’s stock worth $272,000 after purchasing an additional 1,152 shares during the period. Signaturefd LLC raised its position in shares of Nu Skin Enterprises by 72.6% during the second quarter. Signaturefd LLC now owns 3,797 shares of the company’s stock worth $40,000 after purchasing an additional 1,597 shares during the period. Finally, Ensign Peak Advisors Inc raised its position in shares of Nu Skin Enterprises by 9.0% during the second quarter. Ensign Peak Advisors Inc now owns 19,976 shares of the company’s stock worth $211,000 after purchasing an additional 1,650 shares during the period. 82.84% of the stock is owned by institutional investors and hedge funds.

Nu Skin Enterprises Stock Up 0.2 %

Shares of NYSE:NUS opened at $6.27 on Friday. The company has a market capitalization of $311.41 million, a PE ratio of -104.50 and a beta of 1.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.12 and a quick ratio of 1.33. The business has a fifty day moving average price of $8.31 and a two-hundred day moving average price of $10.83. Nu Skin Enterprises, Inc. has a 1 year low of $5.99 and a 1 year high of $20.75.

Nu Skin Enterprises (NYSE:NUS) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $439.10 million during the quarter, compared to the consensus estimate of $431.87 million. Nu Skin Enterprises had a positive return on equity of 7.80% and a negative net margin of 8.05%. The business’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. Analysts forecast that Nu Skin Enterprises, Inc. will post 0.78 earnings per share for the current 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 paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $0.24 dividend on an annualized basis and a yield of 3.83%. Nu Skin Enterprises’s dividend payout ratio (DPR) is presently -400.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup lowered their target price on Nu Skin Enterprises from $14.00 to $11.50 and set a “neutral” rating on the stock in a research report on Friday, August 9th. DA Davidson decreased their price target 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. Finally, StockNews.com upgraded Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Three 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, the company currently has a consensus rating of “Hold” and a consensus target price of $16.50.

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.