Creative Planning Increases Holdings in Nu Skin Enterprises, Inc. (NYSE:NUS)

Creative Planning increased its stake in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 43.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 41,226 shares of the company’s stock after acquiring an additional 12,398 shares during the quarter. Creative Planning’s holdings in Nu Skin Enterprises were worth $304,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC lifted its position in Nu Skin Enterprises by 57.9% during the third quarter. Exchange Traded Concepts LLC now owns 42,792 shares of the company’s stock worth $315,000 after buying an additional 15,683 shares in the last quarter. Inspire Investing LLC lifted its position in Nu Skin Enterprises by 66.3% during the third quarter. Inspire Investing LLC now owns 60,690 shares of the company’s stock worth $447,000 after buying an additional 24,188 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Nu Skin Enterprises by 6.0% during the second quarter. The Manufacturers Life Insurance Company now owns 19,262 shares of the company’s stock worth $203,000 after buying an additional 1,096 shares in the last quarter. Millennium Management LLC lifted its position in Nu Skin Enterprises by 100.5% during the second quarter. Millennium Management LLC now owns 534,579 shares of the company’s stock worth $5,634,000 after buying an additional 267,965 shares in the last quarter. Finally, Dark Forest Capital Management LP purchased a new position in Nu Skin Enterprises during the second quarter worth approximately $106,000. Hedge funds and other institutional investors own 82.84% of the company’s stock.

Nu Skin Enterprises Trading Up 1.3 %

NYSE:NUS opened at $6.54 on Friday. Nu Skin Enterprises, Inc. has a 52 week low of $5.95 and a 52 week high of $20.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 2.12. The stock’s fifty day moving average is $6.85 and its two-hundred day moving average is $9.89.

Nu Skin Enterprises (NYSE:NUS) last posted its earnings results on Thursday, August 8th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.04. Nu Skin Enterprises had a positive return on equity of 7.80% and a negative net margin of 8.05%. The company had revenue of $439.10 million for the quarter, compared to the consensus estimate of $431.87 million. During the same quarter in the previous year, the business earned $0.54 earnings per share. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. On average, equities research analysts predict that Nu Skin Enterprises, Inc. will post 0.78 EPS for the current year.

Nu Skin Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Friday, November 29th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.24 annualized dividend and a dividend yield of 3.67%. Nu Skin Enterprises’s dividend payout ratio is presently -8.05%.

Analysts Set New Price Targets

NUS has been the topic of a number of analyst reports. StockNews.com downgraded Nu Skin Enterprises from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Citigroup reduced their target price on Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating on the stock in a research report on Tuesday, October 22nd. Finally, DA Davidson reduced their target price on Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th.

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.