Strs Ohio Boosts Stock Position in Nu Skin Enterprises, Inc. (NYSE:NUS)

Strs Ohio raised its stake in Nu Skin Enterprises, Inc. (NYSE:NUS) by 13.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,200 shares of the company’s stock after purchasing an additional 4,200 shares during the period. Strs Ohio’s holdings in Nu Skin Enterprises were worth $703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NUS. CWM LLC grew its stake in Nu Skin Enterprises by 5,838.9% in the third quarter. CWM LLC now owns 2,138 shares of the company’s stock valued at $45,000 after purchasing an additional 2,102 shares during the last quarter. Signaturefd LLC grew its stake in Nu Skin Enterprises by 240.7% in the third quarter. Signaturefd LLC now owns 3,996 shares of the company’s stock valued at $85,000 after purchasing an additional 2,823 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new position in Nu Skin Enterprises in the third quarter valued at about $124,000. PNC Financial Services Group Inc. grew its stake in Nu Skin Enterprises by 211.5% in the third quarter. PNC Financial Services Group Inc. now owns 7,986 shares of the company’s stock valued at $169,000 after purchasing an additional 5,422 shares during the last quarter. Finally, Gladius Capital Management LP purchased a new position in Nu Skin Enterprises in the third quarter valued at about $178,000. Hedge funds and other institutional investors own 82.84% of the company’s stock.

Nu Skin Enterprises Price Performance

Shares of NUS stock opened at $12.25 on Friday. Nu Skin Enterprises, Inc. has a fifty-two week low of $11.84 and a fifty-two week high of $40.68. The firm has a market capitalization of $605.15 million, a price-to-earnings ratio of 68.03 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. The stock’s 50-day simple moving average is $12.76 and its 200-day simple moving average is $16.35.

Nu Skin Enterprises (NYSE:NUS) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $488.64 million for the quarter, compared to the consensus estimate of $479.35 million. As a group, equities analysts forecast that Nu Skin Enterprises, Inc. will post 1.13 earnings per share for the current fiscal year.

Nu Skin Enterprises Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Monday, February 26th were issued a $0.06 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.24 annualized dividend and a yield of 1.96%. Nu Skin Enterprises’s dividend payout ratio (DPR) is presently 133.34%.

Analyst Upgrades and Downgrades

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

About Nu Skin Enterprises

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.