Nu Skin Enterprises, Inc. (NYSE:NUS) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC increased its stake in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 57.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,792 shares of the company’s stock after acquiring an additional 15,683 shares during the quarter. Exchange Traded Concepts LLC owned about 0.09% of Nu Skin Enterprises worth $315,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NUS. Pacer Advisors Inc. acquired a new stake in shares of Nu Skin Enterprises during the second quarter worth about $25,230,000. Federated Hermes Inc. grew its stake in Nu Skin Enterprises by 111.8% during the 2nd quarter. Federated Hermes Inc. now owns 1,323,542 shares of the company’s stock worth $13,950,000 after buying an additional 698,722 shares during the last quarter. Vanguard Group Inc. increased its position in Nu Skin Enterprises by 4.4% during the first quarter. Vanguard Group Inc. now owns 6,489,580 shares of the company’s stock worth $89,751,000 after buying an additional 274,309 shares during the period. Millennium Management LLC lifted its stake in Nu Skin Enterprises by 100.5% in the second quarter. Millennium Management LLC now owns 534,579 shares of the company’s stock valued at $5,634,000 after buying an additional 267,965 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Nu Skin Enterprises by 178.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 283,355 shares of the company’s stock valued at $3,919,000 after acquiring an additional 181,528 shares during the period. 82.84% of the stock is owned by hedge funds and other institutional investors.

Nu Skin Enterprises Price Performance

Shares of NYSE NUS opened at $6.33 on Friday. The stock has a fifty day moving average price of $7.82 and a 200 day moving average price of $10.52. Nu Skin Enterprises, Inc. has a 1-year low of $5.99 and a 1-year high of $20.75. 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 company has a market cap of $314.39 million, a PE ratio of -105.50 and a beta of 1.12.

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

Nu Skin Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date was Friday, August 30th. Nu Skin Enterprises’s dividend payout ratio (DPR) is -400.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Citigroup reduced 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 report on Friday, August 9th. Finally, DA Davidson lowered their price target on Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating on the stock in a report on Monday, August 12th.

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.