Intech Investment Management LLC Buys New Position in Nu Skin Enterprises, Inc. (NYSE:NUS)

Intech Investment Management LLC purchased a new position in shares of Nu Skin Enterprises, Inc. (NYSE:NUS) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 18,689 shares of the company’s stock, valued at approximately $138,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. raised its stake in Nu Skin Enterprises by 91.8% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 271,885 shares of the company’s stock worth $2,004,000 after buying an additional 130,164 shares during the period. LMR Partners LLP acquired a new position in Nu Skin Enterprises during the 3rd quarter worth approximately $182,000. Quest Partners LLC acquired a new position in Nu Skin Enterprises during the 3rd quarter worth approximately $268,000. Gladius Capital Management LP acquired a new position in Nu Skin Enterprises during the 3rd quarter worth approximately $77,000. Finally, Aigen Investment Management LP acquired a new position in Nu Skin Enterprises during the 3rd quarter worth approximately $111,000. 82.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NUS. Citigroup lowered their price objective on 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 Nu Skin Enterprises from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Finally, DA Davidson lowered their price target on Nu Skin Enterprises from $12.50 to $11.00 and set a “neutral” rating for the company in a research report on Monday, August 12th.

Nu Skin Enterprises Stock Down 2.5 %

Nu Skin Enterprises stock opened at $7.50 on Friday. Nu Skin Enterprises, Inc. has a fifty-two week low of $5.95 and a fifty-two week 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. The firm’s 50-day simple moving average is $6.83 and its 200 day simple moving average is $9.13. The stock has a market cap of $372.83 million, a PE ratio of -3.62 and a beta of 1.20.

Nu Skin Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Friday, November 29th will be paid 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 3.20%. Nu Skin Enterprises’s payout ratio is presently -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.