Renaissance Technologies LLC Sells 41,800 Shares of Nu Skin Enterprises, Inc. (NYSE:NUS)

Renaissance Technologies LLC trimmed its position in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,757,096 shares of the company’s stock after selling 41,800 shares during the quarter. Renaissance Technologies LLC owned approximately 3.54% of Nu Skin Enterprises worth $18,520,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Nu Skin Enterprises by 17.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,157,697 shares of the company’s stock valued at $22,482,000 after purchasing an additional 173,193 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in Nu Skin Enterprises during the fourth quarter valued at $227,000. Janney Montgomery Scott LLC bought a new stake in shares of Nu Skin Enterprises during the 4th quarter valued at $481,000. Norges Bank purchased a new stake in shares of Nu Skin Enterprises in the 4th quarter worth about $8,930,000. Finally, Allianz Asset Management GmbH increased its stake in shares of Nu Skin Enterprises by 45.4% in the 4th quarter. Allianz Asset Management GmbH now owns 226,069 shares of the company’s stock worth $4,390,000 after acquiring an additional 70,578 shares in the last quarter. Hedge funds and other institutional investors own 82.84% of the company’s stock.

Nu Skin Enterprises Stock Down 1.4 %

NYSE:NUS opened at $7.06 on Friday. The firm has a 50-day simple moving average of $9.39 and a two-hundred day simple moving average of $11.42. The firm has a market cap of $350.65 million, a P/E ratio of -117.67 and a beta of 1.13. Nu Skin Enterprises, Inc. has a fifty-two week low of $6.72 and a fifty-two week high of $24.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 2.12.

Nu Skin Enterprises (NYSE:NUS) last released its quarterly earnings data 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 business had revenue of $439.10 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. Analysts predict that Nu Skin Enterprises, Inc. will post 0.78 earnings per share for the current fiscal year.

Nu Skin Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Friday, August 30th. Nu Skin Enterprises’s payout ratio is presently -400.00%.

Analyst Upgrades and Downgrades

NUS has been the topic of several research reports. DA Davidson dropped their price objective on shares of Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, August 12th. Citigroup cut their price target on Nu Skin Enterprises from $14.00 to $11.50 and set a “neutral” rating on the stock in a research note on Friday, August 9th. Finally, StockNews.com raised Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Nu Skin Enterprises presently has a consensus rating of “Hold” and a consensus target price of $16.50.

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.