Nu Skin Enterprises, Inc. (NYSE:NUS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,717 shares of the company’s stock after selling 1,000 shares during the quarter. New York State Teachers Retirement System’s holdings in Nu Skin Enterprises were worth $1,043,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of NUS. AlphaCrest Capital Management LLC purchased a new stake in shares of Nu Skin Enterprises during the first quarter worth about $336,000. MetLife Investment Management LLC grew its holdings in shares of Nu Skin Enterprises by 39.1% during the first quarter. MetLife Investment Management LLC now owns 58,476 shares of the company’s stock worth $2,800,000 after buying an additional 16,431 shares in the last quarter. Panagora Asset Management Inc. purchased a new stake in shares of Nu Skin Enterprises during the first quarter worth about $385,000. Rhumbline Advisers grew its holdings in shares of Nu Skin Enterprises by 0.6% during the first quarter. Rhumbline Advisers now owns 148,426 shares of the company’s stock worth $7,107,000 after buying an additional 849 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Nu Skin Enterprises by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,260 shares of the company’s stock worth $874,000 after buying an additional 1,741 shares in the last quarter. 82.84% of the stock is currently owned by hedge funds and other institutional investors.

Nu Skin Enterprises Price Performance

Nu Skin Enterprises stock opened at $12.36 on Thursday. Nu Skin Enterprises, Inc. has a 1 year low of $11.84 and a 1 year high of $41.50. The firm has a 50 day moving average price of $13.40 and a 200 day moving average price of $16.67. The company has a market cap of $610.83 million, a price-to-earnings ratio of 68.23 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.28 and a current ratio of 2.13.

Nu Skin Enterprises (NYSE:NUS) last released its earnings results on Wednesday, February 14th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. Nu Skin Enterprises had a net margin of 0.44% and a return on equity of 10.73%. The firm had revenue of $488.64 million during the quarter, compared to the consensus estimate of $479.35 million. Sell-side analysts predict that Nu Skin Enterprises, Inc. will post 1.13 earnings per share for the current year.

Nu Skin Enterprises Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Monday, February 26th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, February 23rd. This represents a $0.24 annualized dividend and a yield of 1.94%. Nu Skin Enterprises’s dividend payout ratio is currently 133.34%.

Insiders Place Their Bets

In other Nu Skin Enterprises news, Director Andrew D. Lipman sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $18.55, for a total transaction of $37,100.00. Following the completion of the sale, the director now directly owns 31,225 shares in the company, valued at $579,223.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 6,000 shares of company stock worth $86,660 over the last ninety days. 2.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. DA Davidson lowered their price target on shares of Nu Skin Enterprises from $29.00 to $21.00 and set a “neutral” rating for the company in a report on Friday, January 5th. StockNews.com downgraded shares of Nu Skin Enterprises from a “buy” rating to a “hold” rating in a report on Saturday, February 24th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $23.67.

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.