Nordea Investment Management AB Decreases Stock Holdings in Nu Skin Enterprises, Inc. (NYSE:NUS)

Nordea Investment Management AB trimmed its position in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 1.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 229,655 shares of the company’s stock after selling 3,319 shares during the period. Nordea Investment Management AB’s holdings in Nu Skin Enterprises were worth $3,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of NUS. GAMMA Investing LLC purchased a new stake in shares of Nu Skin Enterprises during the 4th quarter worth approximately $33,000. CWM LLC lifted its position in Nu Skin Enterprises by 38.4% in the first quarter. CWM LLC now owns 3,286 shares of the company’s stock worth $45,000 after buying an additional 911 shares during the last quarter. Signaturefd LLC lifted its position in Nu Skin Enterprises by 25.1% in the fourth quarter. Signaturefd LLC now owns 5,000 shares of the company’s stock worth $97,000 after buying an additional 1,004 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in Nu Skin Enterprises in the first quarter worth $112,000. Finally, New Mexico Educational Retirement Board bought a new stake in Nu Skin Enterprises in the first quarter worth $145,000. 82.84% of the stock is owned by hedge funds and other institutional investors.

Nu Skin Enterprises Stock Performance

Shares of Nu Skin Enterprises stock opened at $10.14 on Thursday. The firm has a market cap of $503.41 million, a P/E ratio of -168.89 and a beta of 1.13. The company has a current ratio of 2.09, a quick ratio of 1.24 and a debt-to-equity ratio of 0.56. Nu Skin Enterprises, Inc. has a 12 month low of $9.76 and a 12 month high of $30.43. The stock’s fifty day moving average price is $12.42 and its 200-day moving average price is $14.14.

Nu Skin Enterprises (NYSE:NUS) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.09 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 firm had revenue of $417.31 million for the quarter, compared to analyst estimates of $426.55 million. During the same quarter last year, the firm posted $0.37 earnings per share. The business’s revenue for the quarter was down 13.3% on a year-over-year basis. On average, equities research analysts expect that Nu Skin Enterprises, Inc. will post 1.1 earnings per share for the current fiscal year.

Nu Skin Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Shareholders of record on Friday, May 31st were paid a $0.06 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.24 annualized dividend and a yield of 2.37%. Nu Skin Enterprises’s dividend payout ratio (DPR) is presently -399.93%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Nu Skin Enterprises

In other Nu Skin Enterprises news, Director Andrew D. Lipman sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $13.33, for a total value of $26,660.00. Following the completion of the sale, the director now owns 23,225 shares of the company’s stock, valued at $309,589.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold 5,693 shares of company stock worth $71,690 over the last quarter. Insiders own 1.70% of the company’s stock.

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.