Allspring Global Investments Holdings LLC Cuts Stock Holdings in Nu Skin Enterprises, Inc. (NYSE:NUS)

Allspring Global Investments Holdings LLC cut its stake in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 18.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,008 shares of the company’s stock after selling 3,015 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Nu Skin Enterprises were worth $253,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NUS. CWM LLC raised its holdings 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 buying an additional 2,102 shares during the period. Signaturefd LLC raised its stake in shares of Nu Skin Enterprises by 240.7% in the 3rd quarter. Signaturefd LLC now owns 3,996 shares of the company’s stock valued at $85,000 after acquiring an additional 2,823 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Nu Skin Enterprises by 211.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,986 shares of the company’s stock valued at $169,000 after acquiring an additional 5,422 shares during the period. Gladius Capital Management LP acquired a new position in shares of Nu Skin Enterprises during the 3rd quarter valued at $178,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Nu Skin Enterprises by 27.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,490 shares of the company’s stock worth $201,000 after purchasing an additional 2,027 shares during the period. 82.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. DA Davidson cut their price objective on Nu Skin Enterprises from $29.00 to $21.00 and set a “neutral” rating on the stock in a research report on Friday, January 5th. StockNews.com downgraded 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 MarketBeat.com, Nu Skin Enterprises presently has an average rating of “Hold” and an average target price of $23.67.

Nu Skin Enterprises Stock Performance

Shares of NUS stock opened at $12.31 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.13 and a quick ratio of 1.28. The company’s fifty day moving average price is $12.74 and its two-hundred day moving average price is $16.28. The firm has a market capitalization of $608.37 million, a P/E ratio of 68.39 and a beta of 1.11. Nu Skin Enterprises, Inc. has a 12 month low of $11.84 and a 12 month high of $40.68.

Nu Skin Enterprises (NYSE:NUS) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.29 by $0.08. The business had revenue of $488.64 million for the quarter, compared to analysts’ expectations of $479.35 million. Nu Skin Enterprises had a return on equity of 10.73% and a net margin of 0.44%. On average, research analysts anticipate that Nu Skin Enterprises, Inc. will post 1.13 earnings per share for the current fiscal year.

Nu Skin Enterprises Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Monday, February 26th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend was Friday, February 23rd. Nu Skin Enterprises’s payout ratio is currently 133.33%.

Nu Skin Enterprises 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.