Norges Bank Invests $8.93 Million in Nu Skin Enterprises, Inc. (NYSE:NUS)

Norges Bank purchased a new position in shares of Nu Skin Enterprises, Inc. (NYSE:NUSFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 459,840 shares of the company’s stock, valued at approximately $8,930,000. Norges Bank owned approximately 0.93% of Nu Skin Enterprises at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of Nu Skin Enterprises during the fourth quarter worth approximately $33,000. Signaturefd LLC lifted its stake in Nu Skin Enterprises by 25.1% during the fourth quarter. Signaturefd LLC now owns 5,000 shares of the company’s stock worth $97,000 after purchasing an additional 1,004 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Nu Skin Enterprises by 211.5% during the third quarter. PNC Financial Services Group Inc. now owns 7,986 shares of the company’s stock worth $169,000 after purchasing an additional 5,422 shares during the last quarter. Gladius Capital Management LP bought a new position in Nu Skin Enterprises during the third quarter worth $178,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in Nu Skin Enterprises during the fourth quarter worth $227,000. Institutional investors and hedge funds own 82.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NUS. StockNews.com cut Nu Skin Enterprises from a “buy” rating to a “hold” rating in a research note on Saturday, February 24th. DA Davidson reduced their price objective on Nu Skin Enterprises from $15.50 to $12.50 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Four research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $20.83.

View Our Latest Stock Analysis on Nu Skin Enterprises

Insider Activity at Nu Skin Enterprises

In related news, Director Andrew D. Lipman sold 2,000 shares of Nu Skin Enterprises stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $13.33, for a total transaction of $26,660.00. Following the sale, the director now directly owns 23,225 shares in the company, valued at $309,589.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 7,693 shares of company stock worth $96,330 over the last ninety days. 1.70% of the stock is currently owned by corporate insiders.

Nu Skin Enterprises Stock Performance

NUS stock opened at $13.47 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.24 and a current ratio of 2.09. The stock has a market capitalization of $668.77 million, a price-to-earnings ratio of -224.42 and a beta of 1.16. Nu Skin Enterprises, Inc. has a 1 year low of $11.73 and a 1 year high of $35.66. The stock’s fifty day moving average is $12.89 and its two-hundred day moving average is $15.25.

Nu Skin Enterprises (NYSE:NUSGet Free Report) last posted its earnings results on Wednesday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.04. Nu Skin Enterprises had a positive return on equity of 9.28% and a negative net margin of 0.17%. The company had revenue of $417.31 million for the quarter, compared to analysts’ expectations of $426.55 million. During the same period last year, the business posted $0.37 earnings per share. The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. On average, research analysts predict that Nu Skin Enterprises, Inc. will post 1.1 EPS for the current year.

Nu Skin Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Friday, May 31st will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, May 31st. Nu Skin Enterprises’s dividend payout ratio is currently -400.00%.

About Nu Skin Enterprises

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Nu Skin Enterprises (NYSE:NUS)

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