Mannatech (NASDAQ:MTEX) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Mannatech (NASDAQ:MTEX – Get Rating) in a report released on Friday. The firm set a “strong-buy” rating on the stock.

Shares of NASDAQ MTEX opened at $29.30 on Friday. The company has a market cap of $57.13 million, a price-to-earnings ratio of 6.21 and a beta of 1.12. Mannatech has a 12 month low of $19.63 and a 12 month high of $49.08. The stock has a 50-day moving average price of $33.90 and a two-hundred day moving average price of $36.09.

Mannatech (NASDAQ:MTEX – Get Rating) last released its quarterly earnings results on Tuesday, March 15th. The company reported $1.25 earnings per share for the quarter. Mannatech had a return on equity of 39.51% and a net margin of 6.16%. The company had revenue of $39.49 million for the quarter.

In other news, Director Kevin Andrew Robbins sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, March 28th. The stock was sold at an average price of $36.57, for a total value of $40,227.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 48.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. acquired a new stake in Mannatech during the 1st quarter valued at approximately $31,000. Morgan Stanley acquired a new stake in Mannatech during the 3rd quarter valued at approximately $41,000. JPMorgan Chase & Co. increased its position in Mannatech by 43.9% during the 4th quarter. JPMorgan Chase & Co. now owns 2,703 shares of the company’s stock valued at $104,000 after purchasing an additional 824 shares during the period. Geode Capital Management LLC acquired a new stake in shares of Mannatech during the 3rd quarter worth approximately $240,000. Finally, LSV Asset Management grew its position in shares of Mannatech by 1,090.3% during the 1st quarter. LSV Asset Management now owns 7,142 shares of the company’s stock worth $261,000 after buying an additional 6,542 shares during the period. 31.96% of the stock is owned by institutional investors and hedge funds.

Mannatech Company Profile (Get Rating)

Mannatech, Incorporated operates as a health and wellness company worldwide. It develops, markets, and sells nutritional supplements; topical and skin care, and anti-aging products; and weight-management products. The company primarily sells its products directly, as well as through e-commerce and network marketing channels.

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