Sei Investments Co. Trims Stock Position in Nu Skin Enterprises, Inc. (NYSE:NUS)

Sei Investments Co. cut its stake in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 165,276 shares of the company’s stock after selling 6,088 shares during the period. Sei Investments Co. owned approximately 0.33% of Nu Skin Enterprises worth $1,742,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its position in Nu Skin Enterprises by 35.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,851 shares of the company’s stock worth $211,000 after purchasing an additional 2,865 shares during the period. CWM LLC increased its position 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. Counterpoint Mutual Funds LLC acquired a new position in Nu Skin Enterprises during the 1st quarter worth approximately $704,000. SteelPeak Wealth LLC acquired a new position in Nu Skin Enterprises during the 1st quarter worth approximately $207,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Nu Skin Enterprises by 8.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,077 shares of the company’s stock worth $361,000 after purchasing an additional 2,057 shares during the period. 82.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on NUS. Citigroup lowered their price target on Nu Skin Enterprises from $14.00 to $11.50 and set a “neutral” rating on the stock in a report on Friday, August 9th. 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. 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 given a buy rating to the company’s stock. Based on data from MarketBeat, Nu Skin Enterprises currently has an average rating of “Hold” and an average price target of $16.50.

Nu Skin Enterprises Price Performance

Shares of NYSE:NUS opened at $6.35 on Friday. The business’s fifty day moving average price is $8.69 and its two-hundred day moving average price is $11.00. The stock has a market cap of $315.39 million, a PE ratio of -105.83 and a beta of 1.12. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 2.12. Nu Skin Enterprises, Inc. has a one year low of $6.24 and a one year high of $20.75.

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

Nu Skin Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Friday, August 30th. Nu Skin Enterprises’s dividend payout ratio (DPR) is presently -400.00%.

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.