Sei Investments Co. Trims Position in Nu Skin Enterprises, Inc. (NYSE:NUS)

Sei Investments Co. lessened its holdings in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 3.6% during the second quarter, HoldingsChannel reports. The firm owned 165,276 shares of the company’s stock after selling 6,088 shares during the quarter. Sei Investments Co.’s holdings in Nu Skin Enterprises were worth $1,742,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. purchased a new position in shares of Nu Skin Enterprises in the 2nd quarter worth $25,230,000. Canada Pension Plan Investment Board purchased a new position in shares of Nu Skin Enterprises in the 2nd quarter worth $47,000. Inspire Investing LLC raised its position in shares of Nu Skin Enterprises by 29.0% in the 2nd quarter. Inspire Investing LLC now owns 36,502 shares of the company’s stock worth $385,000 after buying an additional 8,207 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Nu Skin Enterprises by 37.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,658 shares of the company’s stock worth $154,000 after buying an additional 3,962 shares during the period. Finally, Inspire Advisors LLC raised its position in shares of Nu Skin Enterprises by 16.7% in the 2nd quarter. Inspire Advisors LLC now owns 14,325 shares of the company’s stock worth $151,000 after buying an additional 2,048 shares during the period. Hedge funds and other institutional investors own 82.84% of the company’s stock.

Nu Skin Enterprises Stock Up 0.3 %

Shares of NYSE NUS opened at $6.35 on Friday. Nu Skin Enterprises, Inc. has a 12-month low of $6.24 and a 12-month high of $20.75. The company has a market cap of $315.39 million, a P/E ratio of -105.83 and a beta of 1.12. The company has a current ratio of 2.12, a quick ratio of 1.33 and a debt-to-equity ratio of 0.62. The stock has a fifty day moving average price of $8.69 and a 200 day moving average price of $11.00.

Nu Skin Enterprises (NYSE:NUS) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.04. The firm had revenue of $439.10 million during the quarter, compared to the consensus estimate of $431.87 million. Nu Skin Enterprises had a positive return on equity of 7.80% and a negative net margin of 8.05%. The firm’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. Research analysts anticipate that Nu Skin Enterprises, Inc. will post 0.78 EPS for the current fiscal year.

Nu Skin Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, August 30th. This represents a $0.24 annualized dividend and a dividend yield of 3.78%. Nu Skin Enterprises’s dividend payout ratio is presently -400.00%.

Analyst Ratings Changes

Several brokerages recently weighed in on NUS. Citigroup cut their target price on Nu Skin Enterprises from $14.00 to $11.50 and set a “neutral” rating on the stock in a research report on Friday, August 9th. DA Davidson lowered their price target on Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating for the company in a report on Monday, August 12th. Finally, StockNews.com upgraded Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $16.50.

Nu Skin Enterprises Company 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.