PNC Financial Services Group Inc. Buys 7,888 Shares of Nu Skin Enterprises, Inc. (NYSE:NUS)

PNC Financial Services Group Inc. grew its stake in Nu Skin Enterprises, Inc. (NYSE:NUS) by 2,412.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,215 shares of the company’s stock after buying an additional 7,888 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Nu Skin Enterprises were worth $57,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Quest Partners LLC bought a new position in shares of Nu Skin Enterprises in the 3rd quarter valued at about $268,000. Intech Investment Management LLC acquired a new position in shares of Nu Skin Enterprises during the 3rd quarter worth approximately $138,000. Dynamic Technology Lab Private Ltd increased its position in shares of Nu Skin Enterprises by 264.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 142,563 shares of the company’s stock worth $1,050,000 after purchasing an additional 103,432 shares during the last quarter. DRW Securities LLC bought a new stake in shares of Nu Skin Enterprises during the 3rd quarter worth approximately $305,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Nu Skin Enterprises in the 3rd quarter valued at approximately $733,000. Institutional investors own 82.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NUS shares. StockNews.com upgraded shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research note on Tuesday, February 25th. DA Davidson cut their target price on shares of Nu Skin Enterprises from $11.00 to $7.00 and set a “neutral” rating for the company in a research note on Friday, December 20th.

Nu Skin Enterprises Trading Up 1.2 %

Shares of NYSE NUS opened at $6.94 on Thursday. The firm has a 50 day moving average price of $7.35 and a two-hundred day moving average price of $7.08. The stock has a market cap of $344.83 million, a P/E ratio of -2.35 and a beta of 1.06. Nu Skin Enterprises, Inc. has a 52-week low of $5.95 and a 52-week high of $14.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.17 and a current ratio of 1.82.

Nu Skin Enterprises (NYSE:NUS) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.14. The firm had revenue of $445.55 million during the quarter, compared to analyst estimates of $441.10 million. Nu Skin Enterprises had a negative net margin of 8.46% and a positive return on equity of 5.86%. As a group, equities analysts forecast that Nu Skin Enterprises, Inc. will post 1.05 EPS for the current year.

Nu Skin Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Monday, February 24th. Nu Skin Enterprises’s dividend payout ratio is presently -8.14%.

Nu Skin Enterprises Company 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.