GAMMA Investing LLC Purchases Shares of 1,771 Nu Skin Enterprises, Inc. (NYSE:NUS)

GAMMA Investing LLC purchased a new stake in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,771 shares of the company’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its position in Nu Skin Enterprises by 0.9% during the third quarter. Vanguard Group Inc. now owns 6,235,495 shares of the company’s stock valued at $132,255,000 after acquiring an additional 53,638 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Nu Skin Enterprises by 91.8% during the third quarter. Invesco Ltd. now owns 1,694,112 shares of the company’s stock valued at $35,932,000 after purchasing an additional 810,778 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Nu Skin Enterprises by 13.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 984,504 shares of the company’s stock valued at $20,881,000 after purchasing an additional 113,956 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Nu Skin Enterprises by 6.6% during the third quarter. Bank of New York Mellon Corp now owns 767,442 shares of the company’s stock valued at $16,277,000 after purchasing an additional 47,847 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Nu Skin Enterprises by 66.4% during the third quarter. Victory Capital Management Inc. now owns 460,697 shares of the company’s stock valued at $9,771,000 after purchasing an additional 183,769 shares during the period. 82.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Nu Skin Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, February 24th. Four research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $23.67.

Nu Skin Enterprises Stock Performance

NYSE:NUS opened at $12.41 on Monday. The firm has a market cap of $613.30 million, a PE ratio of 68.95 and a beta of 1.13. Nu Skin Enterprises, Inc. has a fifty-two week low of $11.73 and a fifty-two week high of $39.38. 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 business has a 50 day moving average price of $12.66 and a 200-day moving average price of $16.02.

Nu Skin Enterprises (NYSE:NUS) last announced its quarterly earnings results on Wednesday, February 14th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. Nu Skin Enterprises had a return on equity of 10.73% and a net margin of 0.44%. The company had revenue of $488.64 million during the quarter, compared to analyst estimates of $479.35 million. Equities research 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 declared a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Monday, February 26th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend was Friday, February 23rd. Nu Skin Enterprises’s payout ratio is 133.34%.

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.