Covestor Ltd Raises Stock Holdings in Nu Skin Enterprises, Inc. (NYSE:NUS)

Covestor Ltd boosted its stake in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) by 110.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 10,140 shares of the company’s stock after acquiring an additional 5,333 shares during the quarter. Covestor Ltd’s holdings in Nu Skin Enterprises were worth $75,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in Nu Skin Enterprises by 8.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,077 shares of the company’s stock valued at $361,000 after purchasing an additional 2,057 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Nu Skin Enterprises by 10.9% in the 1st quarter. BNP Paribas Financial Markets now owns 114,326 shares of the company’s stock valued at $1,581,000 after buying an additional 11,220 shares during the period. Sei Investments Co. lifted its stake in Nu Skin Enterprises by 4.1% during the 1st quarter. Sei Investments Co. now owns 171,364 shares of the company’s stock worth $2,370,000 after acquiring an additional 6,672 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Nu Skin Enterprises by 99.0% during the 1st quarter. Russell Investments Group Ltd. now owns 28,615 shares of the company’s stock valued at $395,000 after acquiring an additional 14,238 shares during the period. Finally, ProShare Advisors LLC grew its position in Nu Skin Enterprises by 36.5% in the 1st quarter. ProShare Advisors LLC now owns 597,614 shares of the company’s stock valued at $8,265,000 after acquiring an additional 159,831 shares in the last quarter. 82.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NUS has been the subject of several recent research reports. Citigroup lowered their price objective on shares of Nu Skin Enterprises from $11.50 to $6.75 and set a “neutral” rating for the company in a research note on Tuesday, October 22nd. StockNews.com upgraded shares of Nu Skin Enterprises from a “hold” rating to a “buy” rating in a research note on Monday. Finally, DA Davidson reduced their price objective on 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.

Nu Skin Enterprises Stock Performance

Shares of Nu Skin Enterprises stock opened at $7.48 on Thursday. The business has a 50-day simple moving average of $6.79 and a 200-day simple moving average of $9.78. The company has a market cap of $371.76 million, a PE ratio of -3.61 and a beta of 1.14. Nu Skin Enterprises, Inc. has a one year low of $5.95 and a one year high of $20.75. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.20 and a current ratio of 1.93.

Nu Skin Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be issued a $0.06 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.21%. Nu Skin Enterprises’s payout ratio is -11.59%.

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.