American Century Companies Inc. boosted its stake in Nu Skin Enterprises, Inc. (NYSE:NUS – Free Report) by 28.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,222,833 shares of the company’s stock after buying an additional 274,123 shares during the period. American Century Companies Inc. owned 2.47% of Nu Skin Enterprises worth $9,770,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp acquired a new stake in shares of Nu Skin Enterprises in the 2nd quarter worth approximately $25,000. Virtu Financial LLC bought a new stake in Nu Skin Enterprises during the first quarter worth approximately $73,000. Harbor Capital Advisors Inc. raised its holdings in Nu Skin Enterprises by 37.3% during the second quarter. Harbor Capital Advisors Inc. now owns 12,517 shares of the company’s stock worth $100,000 after purchasing an additional 3,400 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Nu Skin Enterprises by 41.8% in the first quarter. Russell Investments Group Ltd. now owns 17,226 shares of the company’s stock worth $125,000 after purchasing an additional 5,080 shares during the period. Finally, AlphaQuest LLC boosted its stake in Nu Skin Enterprises by 148.1% during the 2nd quarter. AlphaQuest LLC now owns 17,845 shares of the company’s stock valued at $143,000 after purchasing an additional 10,652 shares in the last quarter. 82.84% of the stock is currently owned by institutional investors.
Nu Skin Enterprises Price Performance
NUS opened at $9.80 on Friday. The firm has a market capitalization of $477.51 million, a P/E ratio of 4.49 and a beta of 1.00. The stock has a fifty day moving average of $10.54 and a 200-day moving average of $9.90. The company has a quick ratio of 1.45, a current ratio of 2.15 and a debt-to-equity ratio of 0.26. Nu Skin Enterprises, Inc. has a 12-month low of $5.32 and a 12-month high of $14.62.
Nu Skin Enterprises Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Friday, November 28th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, November 28th. Nu Skin Enterprises’s dividend payout ratio is 11.01%.
Analyst Ratings Changes
A number of analysts have recently commented on the company. Wall Street Zen downgraded Nu Skin Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nu Skin Enterprises in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Nu Skin Enterprises to a “hold” rating in a research report on Tuesday, August 12th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.00.
Read Our Latest Stock Analysis on NUS
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.
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