PNC Financial Services Group Inc. Has $211,000 Stock Position in Nu Skin Enterprises, Inc. (NYSE:NUS)

PNC Financial Services Group Inc. raised its holdings in Nu Skin Enterprises, Inc. (NYSE:NUS) by 35.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,851 shares of the company’s stock after purchasing an additional 2,865 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Nu Skin Enterprises were worth $211,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NUS. GAMMA Investing LLC bought a new stake in shares of Nu Skin Enterprises during the 4th quarter worth $33,000. Signaturefd LLC raised 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 acquiring an additional 1,004 shares in the last quarter. Gladius Capital Management LP bought a new position in shares of Nu Skin Enterprises in the third quarter worth about $178,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Nu Skin Enterprises in the 4th quarter valued at approximately $227,000. Finally, Handelsbanken Fonder AB bought a new stake in shares of Nu Skin Enterprises during the 4th quarter valued at approximately $243,000. Institutional investors own 82.84% of the company’s stock.

Nu Skin Enterprises Price Performance

Shares of NUS opened at $10.71 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 2.09 and a debt-to-equity ratio of 0.56. The stock has a market cap of $531.97 million, a PE ratio of -178.47 and a beta of 1.13. Nu Skin Enterprises, Inc. has a 12-month low of $10.31 and a 12-month high of $34.31. The business has a 50-day simple moving average of $12.61 and a two-hundred day simple moving average of $14.48.

Nu Skin Enterprises (NYSE:NUS) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $426.55 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The firm’s revenue was down 13.3% compared to the same quarter last year. Analysts anticipate that Nu Skin Enterprises, Inc. will post 1.1 earnings per share for the current fiscal year.

Nu Skin Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Friday, May 31st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date was Friday, May 31st. Nu Skin Enterprises’s dividend payout ratio is currently -399.93%.

Insider Buying and Selling

In other news, Director Andrew D. Lipman sold 2,000 shares of the stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $13.33, for a total transaction of $26,660.00. Following the completion of the sale, the director now directly owns 23,225 shares in the company, valued at $309,589.25. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold a total of 5,693 shares of company stock valued at $71,690 over the last ninety days. 1.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, DA Davidson dropped their price objective on shares of Nu Skin Enterprises from $15.50 to $12.50 and set a “neutral” rating for the company in a research note on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.83.

Nu Skin Enterprises 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.